A day in the life of a real trader

[SquealTrader]

Ok a nice pop lower has presented this classic short opportunity for the euro. I'm short now with tight stop and tight profit so lets see how this euro reacts

 

[SquealTrader]

Ok 1st clip taken off at T1. Stop now at scratch so risk free from here on out. Roll on T2.

 

[SquealTrader]

A very decent retrace off the 136 handle just after i took profit. 2nd clip stopped at scratch.

 

[SquealTrader]

Morning, there's a lot of confusion in the markets as to why bonds and equities seem to be positively correlated over the last few weeks. Maybe this is a sign of low confidence in the economic recovery and everyone is loading up on government debt as they foresee a crash in the future? who knows - and who cares. all I know is that trend is your friend until the bend in the end. Lets see if i can get filled on this Bund long strategy today. gdp and jobless claims out at 13:30 followed by pending home sales at 15:00. im going to wait to see what equities do in the morning before committing to an entry. I'll post my entry ideas later in the day. good luck all.

 

[SquealTrader]

Just been entered short Euro here

 

[SquealTrader]

Stopped out at 13620

 

[SquealTrader]

Ok just been entered long Bund at 14685

 

[SquealTrader]

T1 obtained on Bund. 1st clip has been banked. Stop now at scratch.

 

[SquealTrader]

2nd clip stopped at scratch again

 

[SquealTrader]

its been a typical slow end of month day today. no trades however i have my eye on this euro short up at 13638. Stop above R2 pivot. Lets see if we get entered...

 

[SquealTrader]

its been a typical slow end of month day today. no trades however i have my eye on this euro short up at 13638. Stop above R2 pivot. Lets see if we get entered...

ok am in

 

[SquealTrader]

ok am in

im managing my trade quite close on this euro. a big support level here at 13627 so have moved my stop to scratch as i will def not want to be in this short if price gets back up to 13638. Euro has been tough for me this week so would rather keep my risk as small as poss.

 

[SquealTrader]

ive exited my euro position with 7 ticks. I have lost patience with it. Cable back up to making new highs so figured id close out early. Did i ever mention to never short the euro?

 

[SquealTrader]

Yep nuff said. glad i closed out early. this is probably down to position closing before end of month. I have no interest in being involved in any of this. Have a great weekend.

 

[SquealTrader]

Good morning

1st day of the new month. Looking back at equities performance in May i feel sorry for all the traders who took "Sell in May, Go away" to heart. I'm sure there are many traders who feel the S&P is overbought at these levels but until the bears actually wake up and show interest i will be positioning for long entries all the way. We ISM numbers out at 15:00 so doubt i'll be too keen on entering before the data.

 

[SquealTrader]

just been entered short this euro at 13626. all eyes will be on Drahgi on Thursday so cannot see too much movement before then however regardless what he decides should see this euro firmly below 136

 

[SquealTrader]

Price now at entry re my SP trade i posted this morning. ISM data due in 10 mins so am not taking on this trade till after the data. Frustrating because i really like this level to get in long at. Oh well...

 

[SquealTrader]

Ive also closed out my euro trade early for 13 ticks before the data. as a rule i never like to have positions open through big data.

 

[SquealTrader]

i admit i have this obsession with shorting this euro. Have just shorted up here at 13650. stop above R2. This euro rally has been pure euro strength. not $ weakness. Poxy euro. go down.

 

[SquealTrader]

Took its sweet time but finally at T1. stop at scratch.