Succesful G/Y Short @ 140.65

Posted on May 7, 2010 by Hyouma Sahaku

Closed out the 140.65 short with 50 pips.

This week has been a little chaotic so I am going to stop trading. I am sitting on +37 pips. That is well below my target but this isn’t my kind of market. I believe the markets going crazy because:

1. UK elections are on this week in fact today the UK finds out who has won.
2. NFP week (NFP week is always a little crazy)

Definitely not my kind of market. So I ended the week with three trades activated:

Scalp line short @ 142.93 = Failed trade -9 pips
Constant line short @ 141.85 = Missed trade 0 pips
Constant line short @ 140.65 = Successful trade +46 pips

I am kicking myself for skipping the 141.85 short because it was way beyond its average daily range and out of session but it was the right choice. This time it worked against me but I can recall many times when it worked for me.

Anyway that pretty much wraps up trading for this week +37 pips but just by a hair’s breadth.

Hope we get a better week next week.

Succesful G/Y Short @ 140.65


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