I'm not dead yet in forex. This week I set an entry where resistance should be in a perfect world and i set the stop wide up above additinoal resistance, and a target way down where the best case target would be. I didn't look again at it for a while, then when i checked on it there was a 13pip gain and it was sitting on a 2x pivot and momentum had slowed and started looking like it would bounce, so i exited it there. It did bounce. Weirdest textbook trade ever. I have to get to another PC to get the slide then post it from there.
In futures I had my best trade/day/week/month in 2 years last week end of Jan. This week I had my worst day/week/month so far in 3 years.
Ouch. Lesson for me is risk management. I'd like to explain it, but it needs my P&L chart to do so. Need to get it from my trading PC that I don't allow internet services like browsing besides the data for platform....coming soon.
Last edited by jaytrades; February 7th, 2014 at 07:26 PM.
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