Mad Cows Trading Journal: EURUSD

[StupidCow]

May have put the squeeze on just a wee bit too tight on that one.

 

[StupidCow]

Bearish harmonic emerges: X = 4365, A = 4350, B = 4357, C = 4350, D = 4369 at 127% of XA.

 

[StupidCow]

EURUSD
Short
4370
XXXX
XXXX

 

[StupidCow]

EURUSD
Short
4370
XXXX
4360

 

[StupidCow]

Looking for 50% retracement of CD leg.

 

[StupidCow]

May be going higher before going lower, first.

 

[StupidCow]

I'm not looking forward to a point D of 161.8% of the last harmonic, that would introduce too much risk at this late stage in my trading session, given very little net positive pips today.

 

[StupidCow]

3 minutes to the next hourly bar.

 

[StupidCow]

EURUSD
Short
4370
XXXX (Manual)
4360

 

[StupidCow]

Spreads are widening - they are attempting to keep people out temporarily. Usually indicative of a move pending.

 

[StupidCow]

Price hovering around point D at 127% of XA. A very tiny M1 triple top, but it looks very weak.

 

[StupidCow]

Can't insert the Stop level right this moment, due to high volatility on the spreads. So, I will keep mine concealed for now.

 

[StupidCow]

EURUSD
Short
-5

 

[StupidCow]

An awkward situation. Because of the lack of capital in reserve today, I could not allow the last few trades to exceed in losses the previous trade's gain. So, I had to stop it at -5. That's just a rule that I follow when I don't have reserves for the day.

 

[StupidCow]

EURUSD
Short
4368 (point D at 127% of XA)
XXXX (Manual)
4360 (50% retracement of CD)

 

[StupidCow]

Basically, the same trade with a 3 pips price disadvantage.

 

[StupidCow]

EURUSD
Short
+9.8

 

[StupidCow]

That's what happens when you get that pent-up frustration of the market at an extruded point D. She snaps like a wild hawk. I love those D moves when they happen.

 

[StupidCow]

+12% of daily total.

 

[StupidCow]

Scanning...