Long USD Index
Updated
Disclosure: RM Long. Price not disclosed. Entered on 08Sept17.
Shorts being squeezed. Seems a crowded USD bear trade with stretched indicators and price at important price zone. Already added 25% original size in 36hr consolidating flag breakout. Looking to build into this again if opportunity presents, conscience not to damage the R:R profile of the original trade too much.
Shorts being squeezed. Seems a crowded USD bear trade with stretched indicators and price at important price zone. Already added 25% original size in 36hr consolidating flag breakout. Looking to build into this again if opportunity presents, conscience not to damage the R:R profile of the original trade too much.
Trade active
I'm still in this. Close to b/e.GBPUSD having a massive +% day putting pressure on this index.
In hindsight and what felt right at the time, I should have taken some off at the intersection of the Blue Falling Trend Line and the Grey Monthly Open/Close Resistance at 11868. But I was greedy and held.
Plan now is to hold. Stops will preserve my capital for another day if hit. If the index catches abid again I will consider adding in the 11834-44 range.
Order cancelled
Position closed for small loss due to slippage. I could have protected more of the profits that I was shown. Instead my ego got in the way after seeing the trade go into profit from the outset and I managed to let a profit turn into a loss.
I am disappointed with the outcome. I made mistakes here.
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