Monday, May 21, 2012

Belated update: $AUDUSD stopped out -10 pips

Here's a belated update of my AUDUSD short from 0.9945 last week. 
$AUDUSD 15 min chart as of 5/18/2012
  • I was stopped out pretty quickly for a -10 pip loss, since I lowered my stop way before I was supposed to.
  • Not sure why I lowered the stop, since it was already pretty tight at -25 pips.  But I suspect there was bad mental spillover from my ES daytrading gone bad
  • The trade has gone as much as +150 pips, which would have been about a 6R return.
  • It's time to take a little break from trading to revisit my plans.

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