"Just Oil"

probably some kind of news. got up to see e/u trade closed at loss. and gbp/usd ema's crossed against my position so closed it too at loss. left short e/j and chf/usd running. so far. no new signal but watching gbp/usd for possible buy.

that's being well in profit on all trades. everything can happen...

if other 2 shorts ema's cross against me before stop loss reached I will close too.

3 of my 4 trades were stopped out yesterday after the news of the EU-summit results...it's always more prudent to use stops when important economic news is due to come out. In this case i did good to put the stops closely to limit the loses

I also limited loss on e/u by moving stop after taking profit. i think of this as anti whipsaw technique. lost only 0.5% instead of 1%. I was not following news. but this kind of move happens only after some important news. let's see how things will turn.
I am looking few more pairs for entries. a couple for trend trades and 2 as speculative depending how things turn. but it will be seen only next week.

if things go other direction and there will be signals I will go long. from what I see few big trends might make the whole profit. but I gotta leave more to run at the end. gbp/aud. excellent trade but too little left. aud/jpy will try to avoid same mistake.
eur/aud was short but closed when price was 50 pips away from stop loss. never was triggered and where the price is now. a lot of pips. few mistakes. must avoid them now.

these weeks market is mad. yesterday I had several > 20 pips fast moves and reversals in secs. there are many market information, meetings regardless from pllanned news.

FAP TURBO is an asian scalper and trades when all markets closed. it is also having %30 DD these weeks. means market moving > 30 pips when all markets closed.

E/U is at a very ctritical level . this is the bottom of 'narrowing mountians'. if it break down then down to 1.1500

those are the desecions weeks.

take a look at the price at Euro session is Down at US session its Up. this is currency war. who will have the weak currencies and who will make export.

US says to EURO thats my turn. Euro says not now I need weaker Euro to bailout.

we will see who will win.

WWIII. this time no weapons. currencies.

Einstein said 'dont know with which weapons WWIII will be done, but I know WWIV will be done with sticks and stones'😀

on the top of those, I watch Bloomberg everyday.

many fund managers have different opininons. some are short on EU and some are long. hundred billions of Dollars.🙄
some will loose very bad.

all entries were good according to strategy outside of my second e/u short. should not have taken it.
however 2 trades running and break out might happen. I can get some nice % on them and I will be looking for new trades next week either demo or already live. there have been quite a few signals to look for long trades.

this has nothing to do with the strategy. this is the desecion of world big dogs. currency war. strategies does not work here.

after a painfull week it returned from the monthly very strong support.

in simple words: sh*t happens' but trends do last. watch my 2 other trades. more to follow.

I can call ( from point of market view ) same as usual. little fast little slow always do the same thing.

it gives then take it back, or it takes then give it back if you are still there.

same game, new players.

the most important is capital preservation to be there when next big move happens.

oil up
S&P up
DJ Up
ND Up

they all up. happy to have cheaper USD.

there may be use of some st. like below.

until achiving dail/weekly/monhly goal trader can close trades with 1/1 ratio. when goal achived running trades to high pips with trailing stop.

I have no goal. My goal is to get on the trend and ride it. need to improve trade management. to leave at least 30-40% after initial profit taking to ride for bigger profits.

Steve, to be profitable you gotta do same thing again and again. thing that has edge. if after some losses we change set ups and everything nothing gonna work. This was news event. sh*t happens, this is why we have stop loss.

I am not saying about changing something. just thinking about MM. not for you. in general.

Regarding trade money management. I made few mistakes. like closing 2 trades completely before stop hit., especially eur/aud. big tarde and closed too much of trades leaving too little. will remember this.