I've been trading a small live account for over a year now, one of my 2012 trading goals are to maintain an on-line trade journal. I have never been an active member of any message board so this projects' main goal is to learn what questions I need to ask in order to maintain a clear concise trade journal that will identify pitfalls and success in my trading plan.
I had been watching the Daily Euro chart for conformation of what I'm calling the start of wave 3.
Went short at 1.3719 set s/l at the top of wave 2 1.4251 took a really small lot size that was 1.5% of total account at that s/l point.
Took 50% of the position off 1.3250 (it just happened that I was able to get back online at that time) left the s/l in place.
Went short when support of 1.3170 was broken set s/l at the upper limit of the bounce at 1.3550 for both active positions keeping my stop loss at 1.5% account balance.
Went short at 1.3719 set s/l at the top of wave 2 1.4251 took a really small lot size that was 1.5% of total account at that s/l point.
Took 50% of the position off 1.3250 (it just happened that I was able to get back online at that time) left the s/l in place.
Went short when support of 1.3170 was broken set s/l at the upper limit of the bounce at 1.3550 for both active positions keeping my stop loss at 1.5% account balance.
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