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Wednesday 19 February 2014

It's been some time since I posted last time. We have moved to Santa Cruz de Tenerife for 3 months to survive the winter which is horrible back there at home, and try living in Spain and see how we like it. So it took me out from trading for a week as I were setting things up, getting internet access and things, organized VPS server. But I did trade demo for a while.
Eventually I have skimmed down on my trading tools going back to bare minimum to reduce demand on internet throughput and I wasn't using all things anyway.
Effectively I have started to trade live only last week. I did so far 4 trades during 4 days in FDAX.

First trade I took immediately went against me running level's stops, I did chicken out and moved take profit to entry, reasoning if it comes back I will get out. It did come back, took me out for zero and then run to my planned target. It was a classic stop run reversal and I should have held.



My second trade was bit late, into lunch time. Market already made a trend leg up, it was fast and I did not enter on break out entries. It did come to the high with force and entry looked good, but was bit premature. It fell back against me and held there for quite some time nearly stopping me out few time. Then some bulls came in, made a run up, at some point bringing me up to 20 tick profit. I failed to act, expecting a sustained break. But it turned to be a stop run. I was waiting on a retest of entry and some reaction but it fell like a rock and stopped me out for -15 ticks.


Yesterday we had some movement in European session but much wasn't expected due to lack of US flows. I managed to get an excellent entry, but got out thinking on another run down. Exit was bit too late, I should have gotten out on a stall of an impulse up and then re-entered at a better price once it stops moving down. But I did not act on a second part. Ended up with +8 ticks but trade eventually gave whole target of 60.

Today was a quite touch start. It managed some sort of a down move but with a lot of buying back effectively turning it into a volatile range. I stood out of market just watching. After hours of waiting and end of a lunch time, it managed to come back to the upper range level and printed a breakout pattern, consolidating there. I took a trade, it only went 3 ticks against me but it stood there for a while unable to break it. I was thinking of getting out as it was getting too long of no action. But then it broke up, took out yesterday high. Then it started to pullback and I acted fast getting out. It did ended up being a stop run reversal. Then it gave another setup, short now, but I wasn't keen on taking shorts plus US session was nearing. This second possible trade could be the best trade of the day.
End result: +29 ticks.

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