Got caught out big-time with the gap. Re-short on ej from 11945. I really think there's more euro trouble on the way this week. Brits refusing to help the plate smashers as they're saying it's a problem for the euro countries, fair enough I guess
Gonna hold as well but it's going the same way as Friday, big profit on a short that retraced for a loss thanks to the weekend gap. 'Mind the gap' as they say on the London underground!
I keep a little journal and record the various dumb things I do that cause big losses and I entered an entry into about two weeks ago called "mind the gap" after finding myself 196 pips underwater due to a gap. I won't ever hold a day trade over the weekend anymore.
If you like EJ you'll love GJ.. A 30 pip stop behind a TL or r/s gives you the same risk as a 30 pip stop on EU but the reward for the support or TL holding can be 2.5X higher..
equities went out on the highs, but the daily candle in EU is a shooting star.. It's too late to second guess myself because I'm filled long EU 1.277 s/l -25
Do like the pound/yen characteristics but my broker has a fixed 8 pip spread which puts me off! I think the pound is going to suffer more as the British can't seem to get their act together to form a coalition government. I also think the euro lifeline will treat the symptoms but not the illness some euro-zone countries are suffering from. Euro and pound, sell on strength me reckons!
