Thursday, March 25, 2010

I Am Totally and Completely Forked...


Like from every direction!

I had a good run up with my standard brokerage account and Roth IRA (as in +1.92% and +1.27% respectively), but I'm wishing I hadn't gotten into my long GBP/USD position, which is starting to bring more pain than plaisir. Whatever happened to my Inner Fraidiness? A Tall European Man gave me an Ice Ice Baby look that could melt any woman's portfolio and it went out the window.

-348 pips and I got into another lot at 1.4828... I'm looking to target 1.5050 before the US GDP announcement tomorrow. No smirking, please. It's a crazy price, but sometimes crazy prices work! It's either that, or I'm dying young and Hermes Kelly-less. And I'm still chaste, for God's sake! I'll probably get straight to Heaven then.

I'm thinking maybe I should get the pork out of here because this is the trade that could mark the end of ForexDiva, but I got into this trade with a Daily Chart setup, so I need to be able to withstand this fluctuation. My philosophy is since there's been a week's worth of selling, there must be some stops above the 1.5050 area. Moreover, there's a clear support level at about 1.4788. My risk is, in theory, low. And I've been lower than low this week.

My Big Problemo is that I've been seeing only what I've wanted to see with these charts. I have a bias now and a TETSOB as well. And that's very, very off-putting in trading.

I don't know if I can still trade my way out of this, but I'm going to give it my heart and soul because this is what capitalism is all about. You win some and you lose some, but at the end of the day, it's your responsibility.

I lowered my standards by opening my trading legs at any level and now I must think, think, think rather than hiding behind my usual coral reef. Coral is my Chinese name by the way. Seriously!

Please let the market get to 1.5050... please, please, please...

If I blow up my account, this is the end of my trading. I don't think I'll be able to handle the humiliation...

All my work has amounted to A Colossal Failure of Common Sense!


No comments: