FXCM Trade on Mar 13, 2015 15:44 from Driver42_BOWS: Tradervue User Stock Trades.

Long 2.58 stop 2.54
Bought into this as the price broke over recent highs on the fourth tap, it had been making higher lows for about 2 hours.
Price then went up through 50 ma on good volume then turned around and stopped me out in the next candle.
I went in too big on this. I used up the whole allocation for the trade before I calculated the max loss that I wanted to take. I should have gone in with about a third of my position size.
Thankfully I had a very tight stop

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-13 15:44:20	FXCM	buy	$2.580	long
2015-03-13 15:46:34	FXCM	sell	$2.540	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FXCM&trade=2061517&end=20150412&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FXCM&trade=2061517&end=20150313160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FXCM&trade=2061517&end=20150313160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2015-03-15 22:26:51

yo man there is like 2 minutes left in the day what is the point of this

FXCM Trade on Mar 13, 2015 15:44 from Driver42_BOWS: Tradervue User Stock Trades.

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