Tuesday, July 22, 2008

U/J Stopped

I was stopped out of two of the positions for a 1% loss. The remaining position will bring the total loss up to about 1.6% if/when stopped out.

Verge of S/L...

...chart shows the breakout on the daily. This may fall back or it may accelerate.


USD is posting gains across the board. The stock market is not down like I had wanted it to be but it's also not posting big gains. Banks are rallying.


U/J Short...more

Looking at it now, it certainly looks like I got in far too early, even with my scaled entries. I should have held back and waited for a price that allowed my S/L to be relatively close and my T/P to be 2-3x that.We'll hangout and watch this.

I know the other limit sell has been hit, which is good...but the first entry was larger than it should have been.

A S/L will run me about a 1.5% account loss.

U/J Short...

...Continue to watch, I'm a little worried about my S/L being a bit too short but won't hesitate to re-enter if I'm taken out and my technicals are still clear.

Down about 50pips right now & I believe my second limit sell has been activated.