took short eurjpy shortly after london open with 40 pip SL. got stopped out as ZEW came out. if my stop was only about 2 pips larger, it would survive. got in short two positions at about the same price i got stopped out because i had a strong conviction that prices are going lower. my stop on each of these positions only about 10 pips each (my irrational logic was that normally i would risk 50 pips on a position but got stopped out at 40
). closed one of them with profit of about 42 pips recovering my loss and letting the second one ride with a stop loss at break even. currently up about 50 pips on that one and expect another 60-70 pips on a top. reason for that is the price rejecting ema 200 and also daily pinbar candle. i didnt expect such a positive ZEW numbers and surprised that it retraced so much.
- #10,345
- Feb 19, 2013 8:45am Feb 19, 2013 8:45am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #10,346
- Feb 19, 2013 8:51am Feb 19, 2013 8:51am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #10,354
- Feb 19, 2013 11:54pm Feb 19, 2013 11:54pm
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #10,356
- Feb 20, 2013 12:46am Feb 20, 2013 12:46am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits