Monday, May 11, 2015

This week's trading

I will update my chart and the end of the week.  I doubt I will do more day trading this week, but may enter more trades.  I'm eyeing short EUR/USD, its just a question of when, I think.

5/11/15
More day trading again.  Don't like it, but opportunities present themselves, I have to take them.  The only one I regret last week was betting on UK elections.  Even though all polls for weeks had said the same thing, I jumped in to the trade with little research in to the situation; it was a gamble, pure and simple, and I don't want to do that.
Today, downward momentum seemed to have stalled in EUR/USD, so I used heavy leverage to bet on a snapback, which happened.  I quickly exited to take profits.

Long June '15 6E (EUR/USD) @ 1.1146, closed at 1.1155, gain of 5%.

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