[Gabe2004]

One of my longest trades ever closed at a loss.
8 pips only.

I am sure the Mr/Mrs Market are ganging up on me

Gabe

[forrestang]

Originally Posted by Gabe2004 »

One of my longest trades ever closed at a loss.
8 pips only.

I am sure the Mr/Mrs Market are ganging up on me

Gabe

I had my worst loosing FX trade EVAAAAR last night. I entered short the G/J last night at 147.85. Target was 147.25. After entry it rallied unfomfortably high above my entry. No problem, just waiting for a pull back to adjust stop.

I planned on moving stop to BE once it crossed my entry which it did as the trade wasn't working out. Was goign to get it at BE and head to sleep.

Instead of setting my stop to 147.85, I set it to 148.85 like a retard. What a stupid error. Went all the way to my stop while I was sleep.

Then I woke up late and missed my early am trade. So shitty day all round for me.

[Gabe2004]

Originally Posted by thalestrader »

Hi Folks,

Current view of the USDCAD.

Best Wishes,

Thales

I have posted a question in the chart.

Thank you in advance for an explanation

Gabe

[Gabe2004]

Originally Posted by Gabe2004 »

One of my longest trades ever closed at a loss.
8 pips only.

I am sure the Mr/Mrs Market are ganging up on me

Gabe

Some thoughts after the trade.

Gabe

[Dinerotrader]

Originally Posted by Gabe2004 »

I have posted a question in the chart.
Thank you in advance for an explanation
Gabe

I know you didn't ask me but here is what I would answer (since I asked myself this same question when he posted the trade).

At the time frame he is charting, the swing sizes are larger than the levels you noted. Notice that the "H swing" you noted is similar in size compared to the oscilations the stayed in the channel during the last large swing down. My guess is Thales would say that the levels you noted are minor high/lows but the scale he is looking for the entry would be based on intermediate high/lows.

[Dinerotrader]

Originally Posted by forrestang »

Instead of setting my stop to 147.85, I set it to 148.85 like a retard. What a stupid error.

Yup, I've done that before.

[Gabe2004]

Originally Posted by Dinerotrader »

I know you didn't ask me but here is what I would answer (since I asked myself this same question when he posted the trade).

Thank you for your input and I think that even if we ask a specific person a question, others could and should chip in just to see different points of view.

Gabe

[forrestang]

Originally Posted by Gabe2004 »

Thank you for your input and I think that even if we ask a specific person a question, others could and should chip in just to see different points of view.

Gabe

I second Dino's thoughts. I think the swing you pointed out was just a minor inflection on the scale Thales was viewing.