Tuesday, February 03, 2009

Fortune Favours the Bold

Traded EuroFX Futures in the overnight session.....

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Two scalps as highlighted by the red arrows:
First short was @1.3055, stop@1.3061, closed @1.305
Second short was @1.3006, stop@1.3014, closed @1.299

First short was a pullback play after a 40pt run-up.
Second short was a volatility squeeze breakdown below VWAP. Closed the second short too soon, which was a mistake, because the breakdown confirmed the downtrend, I should have been more brave and ride the trend down until it was no longer my friend.

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