Non Smexy Trades...

This thread is for all those trades that you thought would be Smexy but got messed up instead! hopefully some of us can learn by our mistakes..

Heres the first one to kick start things. I was going to go long the Aussie on optimism over a Greek deal being done. After news came out that the meeting had been cancelled the market dropped downside stops and rallied higher on profit taking. "Sell rumour buy the cancelled event". I decided to cancel my trade and take a 1 pip loss but look what happened after :-( And before you ask my Buy limit was 6 pips from the low!

My performance from last week is perfect for this thread. . . Ugggghhhhh I'm still not over it. Maybe venting on a public forum will help lol.

Had my game plan all worked out for the week to play Greece expectations with an upside bias. 3250 was my target going into the week. General entry plan was to get in on the lows as I felt we were due for more range trading and to add onto the position for a topside test when the right news came out.



Trade 1 - Intended to be a fade on a wire spike into some strong bids while we were stabbing at the bottom of our range. Would have been great but I clicked the wrong damn button and entered a short. Closed the trade immediately after for a small loss but by then I had lost my entry and experience has taught me not to chase. I was not around to catch the second dip.

Trade 2 - This was an event trade. It was originally intented to be where I would add to my previous(failed) position. To be honest I would not have done anything differently this trade. But god damn did that suck.

The first pic doesn't do the frustration of the second trade justice at all. . .

Let's take a closer look on the 10 second chart. . .

This was after the bailout decision last night. Shorted the Euro 3 pips from the top... Moved stop to break-even and took half risk off at 1:1 banking 1.25% Bloody thing came up to take my stop out and then dropped down again going with in 10 pips of my TP which would have been a 100 pips overall.

Heres another MotherF@$%er that got away!

Missed my entry by 2 pips...

moved the SL too quick - too close. Stopped out by 2 pipettes.

hmm i just wanted to count the pipettes i was stopped by, and i just noticed that the price made a low of 1.59254 and one of my stops was at 1.59252. Should i be stopped out in such a situation?
.

TP so close yet so far...

Thought about this thread last Friday...

Usd/Cad shorts stopped out after Cad employment/unemployment