My views on future trades, past trades, the market and lessons learnt

Thursday, August 10, 2006

UK Trade and a Eur Short

UK was a scratch

I then got into a short at 2870 on the Eur there was EUR Session long in place with a target 2880. I still went short at 77, 30 secs later it broker out and went up so I short more breaks out goes up again it goes to Rest at 2905ish and I short some more. Then came to 2870 then to 90 to 70 to 90 I got fed up and got out with about $300 profit. Had a chance to get out with $700 but got a bit greedy and didn't read the market well. There is also a huge euro long bias

Also EUR Session worked on the Gbp and Eur today. NY there was no trade.

Lesson: Lack of volume --> dont follow your targets just get out whereever.