[patrader]

15m 6E chart

[thalestrader]

Well I've been out for the last two hours, and I am happy to see I am no longer in that EURJPY long.

I have enough left for one more whack before I'd have to pony up another $25 to sit at the craps table at FXCMarkets.

It really does have an October 2008 feel about things right now. Might be close to time to put the bull suit back in the closet and put both arms back n the bear suit.

Best Wishes,

Thales

[Cory2679]

Originally Posted by thalestrader »

Operation Insane Rodeo Clown (OIRC)

This style of buy-and-hold and don't touch makes me nervous.

With the normal management, both hits the account has taken on the EJ offered what I see as profitable stop-and-reverse opportunties...not only would it have reduced the loss, but would have been net profitable both times.

As you know, I've been considering the 'place orders and let it do its thing' approach, but for the time being I'll probably stick the the 'normal' way of managing trades.

I understand this is basically an 'experiment,' anyway. Just my

EDIT: Well, I don't know that the first trade would have been net profitable...now that I look at it again, on the short, the second half would have probably gotten BE...but still a better outcome overall.

[patrader]

6B Daily chart

[patrader]

ES Daily chart

[patrader]

6E Daily chart

[DugDug]

nervously hanging on to shorts in ZN. sold at 28.5, sold at 23.5 looking to sell again if it stops and starts to fall again from here. Stops at the top line.
(while I know I am picking the top in the recent trend, a few signs have made it a reasonable time for me to do so)
Goes directly back to the take profits discussion.... damm I should have bought back, taken profits in the mid teens. Oh well. this was not part of the plan on this one. (plus I went to lunch - giving myself a weekly Friday treat... man it was good )

Thalestrader... do you happen to have a summary of your ideas in a previous thread. .... just to save me searching through countless posts?

[thalestrader]

Originally Posted by Cory2679 »

This style of buy-and-hold and don't touch makes me nervous.

With the normal management, both hits the account has taken on the EJ offered what I see as profitable stop-and-reverse opportunties...not only would it have reduced the loss, but would have been net profitable both times.

As you know, I've been considering the 'place orders and let it do its thing' approach, but for the time being I'll probably stick the the 'normal' way of managing trades.

I understand this is basically an 'experiment,' anyway. Just my

Also, the first entry was far to premature for the expectations I set for the trade. I knew as much to expect at least one new low.

The second entry was too late to initiate the position (or at least not as favorable a position as I would have liked. The ideal buy point, had I been following properly, would have been a buy stop 125.35 or 125.65. Had I been paying attention, rather than slacking off sleeping, I would have liked to have bought at 125.35, added at 125.65, and raised the stop to 125.80 on the break above 126.25.

So, the results so far have more, in fact, everything to do with poor execution of plan on my part than on the plan itself.

For what its worth, my daughter told me to do just as you said I should do on the first trade - stop and reverse. But, I guess it just didn't matter enough to me. Perhaps I shall have to take this more seriously, and only initiate positions when I can do so as I would do in an account that mattered to me. In other words, I guess I should trade it as though my equity depends upon it, and not as though its just a $25 chip I found on the casino floor for a free drop in the slots.

Best Wishes,

Thales