Friday, October 2, 2009

Mr. Yen Again

I didn't post yesterday cause nothing good happened. Dow down 210 points and PMI took it on the chin. Came back today tho and had a keybar up which if triggers could get us closer to getting out. I got into a yen trade late last night and stayed up till 3 am to manage it. I eeked out a 2 tick winner that came from a 450 buck drawdown. Not the trade of the year by far but at least it didn't hurt me. I have been trading keybars and fibwits off of the daily charts and although you have massive stops I roll to b/e as quickly as I can and follow the market accordingly. For some reason this seems to have calmed me down a little and I don't get that nervous feeling in my gut like I do when I scalp. I will try to trade more setups on the daily chart next week and see how things work out.

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