September 20th - 2010

It was a day of missed opportunities. First in the Pound.....saw a fibwit on the 1 hour chart 2 minutes into the new candle but it had triggered already so I left it alone. Of course it went 250 bucks per contract easily. Next a 15 min fibwit in the swissy....missed totally. No problem tho cause I traded the 1 hour fibwit instead on the swiss franc. I was brought into the trade and did not use bracket orders on purpose cause with the new account size I want to scale out of positions. I entered a limit to get out and that was ok...my order was sitting there but when I entered the stop loss order I was taken out immediately at a break even trade. Hmmmm forgot to do something right. Of course the trade moved 25 ticks in my direction before reversing. I will get it right but will be dealing with some growing pains till I get comfortable.