Sunday, November 2, 2008


Took a shot on this EUR/JPY

Price spiked up, I fibbed it and got in

2 @ 172.3 long

adjusted my tto for 1/2 my position to liquidate at +15,

unfortunately again i scewed the order sheet up and ended up adding

1 @ 189 long


so instead of getting out 1/2 my size I bought another order. wtf? that is a mistake I cannot believe I did. At that point I should have continued with my original plan and closed that extra order as it was a mistake. From now on I will not try to manage mistake orders, I will immediately close.


So I moved my stop and let this play out.
Some things to note, the point and figure formed a double top and the 1min 5/8 turned down. At either of those points I should have took the meager profit I had, or at the least 1/2 my size. Where the double top box occurred is exactly where if i was bearish i would have shorted, is exactly why i originaly had planned to exit 1/2 my size.

I took a break even on both.




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