Trades 21 July ’10

07:55  hesitated on the early false move, waiting for hourly bar confirmation. Then crash.  Stupidly jumped in. Idiot.

Short 1.5204, stop 1.5320.

Closed half at 1.5250 – 46 p.

Stop hit other half  - 116 p.

08:35  Short 1.5298, stop 1.5320, half position

Stop hit 1.5320 – 22 p.

08:55  Breakout trade

Long 1.5325, stop 1.5280, half position

09:15 Closed and reversed 1.5285 – 40 p.

The big spike appears to have by some bank trader pushing the wrong button. Therefore ignoring the spike, and treating the spike high (1.5335) as the false move. Back to full positions.

Short 1.5286, stop 1.5340, target 1.5170, T/S 37 p.

10:50 Adding to position on break of support order at 1.5255.

11:35 Short 1.5255, stop 1.5315, target 1.5170, T/S 37 p.

13:40 Average price now 1.5276, stops moved to 1.5270, not Trailing stop until I see reaction to 5200 level, double position on, with risk covered, good position to be in after stupid beginning.

15:40 Closed both positions at 1.5215  + 40 p.  + 71 p.

Cable struggling to break the 5200 level and at daily atr.

16:15  5200 level break of support, with days trend.

Short 1.5194, stop 1.5225, target 1.5130, T/S 37 p.

19:30 target hit  1.5133  + 61 p.

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