Took tiny profit with $gold. Now briefly short $EURUSD

Gold extended rally and went beyond Feb 21 top. I bought at black 4 in the chart ($1135), held over the night. But it triggered my stop at $1140. Tiny 0.21% gain. Now I think purple .1 is finishing, and it should draw a zigzag or some kind of correction towards $1110, where I will be more serious establishing mid term long position.

20100303-xauusd-120min

You know I have been short term bullish EURUSD, but I just entered a short position at 1.3685 for scalping towards purple .2 in the chart below. Stop loss is set at 1.3740. The chart just looked interesting. The purple .1 wave is not impulse but overcame the .D. So it shows both strength and weakness. I think it’s weak in super short term and strong in longer span. I thought it’s worth playing with the tiny profits I got these 2 days. I will be more serious in trading and will establish a long position after purple .2 is observed.

20100303-eurusd-30min

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Current risk exposure:

"","","","","$29,058.30","","","","","","","","","","","","","","","","","","","","41.95%","","","2.00%","","","","","","","","","","","","","","","","","","","","","","","","","","","",""
Rational Move always use stop loss orders, and this is the worse case potential loss over the capital for the currently open positions. This is unrealized loss is less or equal to the risk exposure.

Capital growth

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Total returns

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(Aug 10, 2009)
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This is a normalized value: the return on each trade is normalized against the capital just before the trade execution. This way, it is eliminating the effect by the capital change from deposits and withdrawals. The calculation thus reflects the trading performance of each trade. The value does not contain unrealized profits and losses. RM's trading strategy never risks more than 5% of the present capital. Not including subtraction by tax.

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