Been a hard day for me today - best trade of the day I closed for piffle when I should have held the second half for the run up - cost me dearly as you can see.
also on some trades I didn't take half at 10 - its the run down on Friday that made me wary where I closed for 10 and then it went another 60 odd pips
I must discipline myself to take the 10 and let the other half run to conclusion or decide just to take 10 full up on everything. with the win / loss ratio of this method taking 10 every time is a good option but means you see pips slip away from you. Psychologically its better to take the 10 every time rather that let the half run because your account grows quite nicely - but when the big runs come it gets painful.
add to that the fact that I'm still not out of the mindset where I always let the winners run - this take profit malarkey is all new to me - bunny girl used to harp on about it - it feels good on the poor ranges when you snatch 10 time and time again but it's a bloody nightmare when you take 10 from an 80 pip run like today
also let you know that I had a limit order in at 1.7040 - this was loaded to the hilt with funds for the bounce off the weekly 200sma - look how low it got!! a pesky 7 pips short of my entry!!
Still, a winning day is a winning day and good things come to those who wait....
All times GMT +1
08:40 long 1 min slo 1.7098 closed -5
09:26 long 1 min slo 1.7061 closed break even
11:28 short 1 min slo 1.7099 close break even
11:40 long 1.7099 5 min slo close +3
14:06 long 1 min slo 1.7107 close break even
14:26 short 1 min slo 1.7202 close half +10 half +1
15:06 long 1.7200 close half +10 rest +7
15:34 long 1 min ss 1.7209 close -7
16:16 long 1 min slo 1.7212 closed half +10 rest +8
= 28 half pips = 14 full up
From The Desk Of ...