Friday 11 June 2010

Wrong Timing, Wrong Pair...


Well, got bored with the Pharma stocks options and cashed out 2/3 with a slight loss (500$)... Still long with 1/3. Used the cash to have margin available for FX.

Stupid thing is, I chose the wrong pair to play a bounce (and also the wrong point in time). EURUSD had been at 1.193 and EURCHF at 1.3750-65. Then EURCHF gaped up to 1.39 and came back to 1.3820, I thought it must be the SNB showing that they don't want the pair below  1.40 for long. I was wrong however and stuck in a shitty risk reward trade for 3 days while EURSD bounced to 1.21 *rolleyes*.

 Btw just noticing (looking at screen captures below) that my broker just resets all open times for trades to 23.00CET instead of showing actual entry date. Pain in the ass. They show it correctly if you go to the menu and choose "show all my trades from date x to y..."

Anyway, I'm annoyed I didn't wait for EURCHF 1.39 and enter at 1.3760 instead of entering at 1.38182 and exiting at 1.38523... 

So, net I'm down 200$ from my last FX trade. 



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