Live Trade Shorting Euro

I have been watching this trendline (yellow) in the Euro today.  My bet is that this is a bear flag and my targets are the green lines.  They represent R1 and R2.

Today was a break-even day.  I am going to concentrate on a bit longer timeframes for my setups....namely the 15 minute charts to slow things down a bit.

One Good Trade

Woke up in the middle of the night to see this trade on the Euro developing.  I entered short on the one minute chart after the 5 minute closed below the yellow line, and couldn't climb above it.  Would have been nice to ride it down to at least the measured move. 

The rest of the day was horrible.  I should have quit after I obviously grabbed a chunk of the main move.  But I traded thre N.Y. session anyway.

Range Trading

So I decided  could trade anywhere....even in a range....just be nimble and cut losses quickly.  Wrong idea.  Came out with a moderate loss today but I shouldn't have been trading in this crap.

First circle all long attempts with last try a winner.  Second circle all short attempts, covered 1/2 on last attempt...stopped out B.E. remainder.

One good point....I cut my losses.  Thankfully cause that saved my ass.

Slightly Ahead

Not too pleased with my Euro trades today.  I made a little bit of money though.....  R 0.25.  It is TOUGH cutting losses.  And my first trade I cut my win.  I have yet to go a day this week without being a deer caught in the headlights at least once.  Same goal next week.....small losses.

All trades close to B.E. except last trade....long.

Groundhog Day

Euro finally broke a range set August 19.  Break even again today.  I got back from the docs and rushed the first trade only to get in WAY late and bail.  It went up without me.  I bailed on all the setups (6 times in all) except the last short trade which was a decent winner.  The real story is the trend lines today.  

I need to be more patient and only take the BEST setups. 

Break Even Times Two

Long Aussie for B.E.  and short Euro for B.E.  I could have waited for Euro to put in a lower swing high before lowering my stop.....but I didn't.  That was poor trade management given the setup.

Small Losses

Small losses was my goal today.  I accomplished that.  The first clump of arrows you see is me getting short and bailing because the trades came back on me.  Blue line entry area, red line initial stop, and green line R 1.0 area.  All short trades on the chart.

Trades: -3, -1, -2, -1, -2, -2, B.E., and +18 pips.  Came ahead +R 0.8 in the end.  Tomorrow I will try to be patient with entries  :).