still holding it ,, its a long term position now , but i dont have a sl on it , i m expecting a pull back as shown in the recent post and i ll see where to close it when it reaches a bounce level after the move down but from now on , i wont recommend a hedge or mannage it , its up to anyone here to use a sl or hedge , but i m a medium term trader , i target at least 200 pips everytrade , i cant put a stop loss of 50 pips for this kind of trades ,, sometimes i use open sl sometimes i use sl but i m still holding it and will close it probably at break event ,
problem with that position is that if u go back to the charts and follow on it , i was planning to close it at 8060 but the price reversed at 8080 and went back above it ,, i should have closed it at 8080 not to risk big profits on just 20 pips awaye from target ,, or at least to put it on a break event SL ,, but i didnt alert that and that is what messed up this trade , which i consider the only messed up trade in this blog so far , and it wasnt because of a bad analysis where the price went into the different direction after a short or long , but because i didnt mannage the position well when it went on profits and i didnt alert a break event SL
i have closed as shown in the last post the old short AUD/USD at 150 pips loss , maybe it ll go down more to catch my position with even winnings but i rather close it and take out some of the profits than hanging in to it more , but i said i m confident that this trend will fall down and it ll catch it and if i got nervous i would have closed it at 87 with 500 or more pips loss but it played out well
I am trying to figure out what happened to your original short from last week around .8280 or so.
ReplyDeletestill holding it ,, its a long term position now , but i dont have a sl on it , i m expecting a pull back as shown in the recent post and i ll see where to close it when it reaches a bounce level after the move down
ReplyDeletebut from now on , i wont recommend a hedge or mannage it , its up to anyone here to use a sl or hedge , but i m a medium term trader , i target at least 200 pips everytrade , i cant put a stop loss of 50 pips for this kind of trades ,, sometimes i use open sl sometimes i use sl
but i m still holding it and will close it probably at break event ,
problem with that position is that if u go back to the charts and follow on it , i was planning to close it at 8060 but the price reversed at 8080 and went back above it ,, i should have closed it at 8080 not to risk big profits on just 20 pips awaye from target ,, or at least to put it on a break event SL ,, but i didnt alert that and that is what messed up this trade , which i consider the only messed up trade in this blog so far , and it wasnt because of a bad analysis where the price went into the different direction after a short or long , but because i didnt mannage the position well when it went on profits and i didnt alert a break event SL
ReplyDeletei have closed as shown in the last post the old short AUD/USD at 150 pips loss , maybe it ll go down more to catch my position with even winnings but i rather close it and take out some of the profits than hanging in to it more , but i said i m confident that this trend will fall down and it ll catch it and if i got nervous i would have closed it at 87 with 500 or more pips loss but it played out well
ReplyDelete