Forex Factory (https://www.forexfactory.com/forum.php)
-   Trading Journals (https://www.forexfactory.com/forumdisplay.php?f=49)
-   -   sonny winter's journal (https://www.forexfactory.com/showthread.php?t=6335)

sonnywinters Jul 5, 2006 10:29am | Post# 1

short eurusd @ 1.2715.stop 1.28.tp 1.265
 
short eurusd @ 1.2715.stop 1.28.tp 1.265

banzai Jul 5, 2006 10:37am | Post# 2

me too. I think it's time for eur/usd to go down.

sonnywinters Jul 5, 2006 10:37am | Post# 3

and there she goes...protect your profit...
 
and there she goes...protect your profit...

fxvision Jul 5, 2006 10:41am | Post# 4

Wasn't that rather late to short it?

sonnywinters Jul 5, 2006 10:44am | Post# 5

dear mr fxvision...
 
dear mr fxvision...

forex is 24 hours a day...never too late

i wish you good hunting...

johnedoe Jul 5, 2006 10:46am | Post# 6

Ideal entry....9 hours ago......hind sight 20/20.

Purple Jul 5, 2006 12:46pm | Post# 7

Nice.

sonnywinters Jul 5, 2006 1:08pm | Post# 8

change stop to 1.2786
 
change stop to 1.2786

sonnywinters Jul 5, 2006 1:11pm | Post# 9

sell limit order eurusd@1.2750.stop 1.2785.tp 1.265
 
sell limit order .....eurusd @ 1.2750. stop 1.2785.....tp 1.265

banzai Jul 5, 2006 2:19pm | Post# 10

http://img310.imageshack.us/img310/3...506a6av.th.gif

In theory, it should go down to the Ultimate Support line which is 1.2695.

sonnywinters Jul 5, 2006 11:57pm | Post# 11

cancel sell limit trade
 
cancel sell limit trade

sonnywinters Jul 6, 2006 12:14am | Post# 12

shrt eurusd@1.2737.stop1.2782 tp1.265
 
shrt eurusd@1.2737.stop1.2782 tp1.265

itme Jul 6, 2006 12:17am | Post# 13

I concur with this trade concept
 
The only suggestion that I would make, is that if it rises to 1.2745 or 1.2750, you add to your position.

May you live long and prosper!

MAFIOSO Jul 6, 2006 6:10am | Post# 14

short eurusd @ 1.2715.stop 1.28.tp 1.265
How could u possibly have that wide stoploss. Mind me 85 pips stoploss is insane. EUR/USD is propably going down but hey....Anything can happen. I'm also short but i have 30 pips stoploss only.
Good Luck

MAFIOSO

raczekfx Jul 6, 2006 10:07am | Post# 15

It depends on time frame he trades on. The longer the timeframe (daily/weekly/monthly) the larger stop will be. Not to comment on this particular trade..

How could u possibly have that wide stoploss. Mind me 85 pips stoploss is insane. EUR/USD is propably going down but hey....Anything can happen. I'm also short but i have 30 pips stoploss only.
Good Luck

MAFIOSO

sonnywinters Jul 6, 2006 11:28am | Post# 16

eurusd peaked at 1.2785
 
eurusd peaked at 1.2785

mrmikal Jul 6, 2006 12:09pm | Post# 17

SW,

What was the basis for picking your original entry price of 1.2715? What is your time horizon? Was there some sort of fundamental data you were looking for that would have propelled the rate lower after a 100+ pip drop from the previous fundamental release?

It looks like the adjusted stop limit of 1.2786 was reached (the b/a reached a peak of 1.2783/1.2786 which would have triggered the stop loss).

I'm very curious because you picked a short really damn near close to the bottom and wouldn't you know it, your adjusted stop was the peak.

Jokey Jul 6, 2006 12:47pm | Post# 18

Hold Shorts
 
I think it is a good idea to be short EURUSD regardless of any short term rallies up to the 1.28 area. It may be a good idea to add to any shorts on rallies up to 1.28 but I'll turn bullish on a close above 1.2855. I'm short at 1.2720 and placed a stop way up at 1.2860. Tight stops are a killer but after this morning's rally it might be safer to drop stops down to just above 1.28. But for now I'll keep my stop well above the current level to give the trade a little breathing room from short term rallies.

Jokey

mrmikal Jul 6, 2006 12:57pm | Post# 19

I think it is a good idea to be short EURUSD regardless of any short term rallies up to the 1.28 area. It may be a good idea to add to any shorts on rallies up to 1.28 but I'll turn bullish on a close above 1.2855. I'm short at 1.2720 and placed a stop way up at 1.2860. Tight stops are a killer but after this morning's rally it might be safer to drop stops down to just above 1.28. But for now I'll keep my stop well above the current level to give the trade a little breathing room from short term rallies.

Jokey
Jokey,

I'm neutral on the EUR/USD at this point. With NFP, I think it could go either way. I have not gotten a general mood for the USD other than it's more wait-and-see...which is what I, personally, intend to do.

However, with such a sharp drop to decent support, I'm not sure I would have taken the same course, but that's only because I didn't see the mood as pro-dollar just yet. With NFP such a big thing, it'll be hard pressed to move much in either direction. My thought was that if you were going to be short, you would have gotten in on the first minor retrace after the inital slide, it lasted long enough and didn't hit major support.

If your time horizon is lengthy, though...I suppose that might justify your decision.

Purple Jul 6, 2006 1:24pm | Post# 20

sonnywinters you may edit your thread title to 'my journal' or something, if you intend this to be you longer tenure journal of trades in here; than just a single trade you made.


I remember itme started with similar title as yours with one CAD position he predicted first.


My stops in Euro were placed at 127.75 area, but I quickly removed them just before it was going to get trigerred.


© Forex Factory