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I'm a little upset with my self this morning. I was waiting for the perfect set up to go short and it didn't happen so I sat on my hands and watch the euro move down. I have two entry's and decided not take the secondary one so I sat and watched a perfect trade. Well any way today the 1.3250 area is holding, I will be looking for shorts back down to 1.310 unless we start to base. Then I will switch to longs and look for a retest of 1.3270 and possible break.
My trades were still a little rusty and not very confident. I need to cut trades that are counter trend quick and give space to the ones with the trend. I still have a contract on the go I'm hoping to see 1.3350 area. Prep has been good excution has been bad but still making a little.
I'm back from the flu and I'm feeling good today. The Euro has retest 1.3285 and cannot break it. We should see it retest Marco bias and possibly retest the lows of 1.3. There is a possibility that we bounce off 1.3215 and retest 1.3285.
Longs: I will be waiting for failed continuations at 1.3215 or at 1.3170 to confirm the up move.
Shorts: I will wait for a move off of 1.3215 and a failed continuation around 1.3250.
In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.
A) What are the top five benefits you have seen as a result of regularly posting in this journal?
B) What are the top five problem areas you have identified as a result of regularly posting in this journal?
C) Were you initially reluctant to start this trading journal? If yes, why?
D) How do you feel, overall, about your journaling experience?
E) Would you recommend to others that they should also start a trading journal?
Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.
The Euro is stretched down and because of the bank holidays in Europe we should be in a trading range of 1.3110 to 1.3030. Trades off these zones only.
Today was a good day on the YM I had 3 trades for 71 pts. I had 2 trades on the Euro 1 lost and one winner +11. I also posted 2 trade from last week on the YM.
Today I had two bad trades and got out of a hugh move. I preped the next down level to be 12650 but got out early. The YM never pulled back far enough to sell again . Euro trade I went to sell and bought, then I put on a fade of bid to offer, they seem to never work.