Disclaimer: Updating on 3/8
GBP was still on it’s strong push up, but that was the only currency that I really liked in either direction when doing my morning analysis. But, it was so good, that I really wanted to find something to pair against it. I (think I) looked at the JPY RSW chart and saw that USD was weak over the last few hours, so I looked at the GBP/USD chart.
Looking at the hourly chart, price almost looked extended, but it was in the middle of a nice pullback that looked promising. I set an entry order on the confirmation of the return to the upside (not at the top before the pullback) and waited.
Entry – 1.39655
Exit – 1.40055
I was triggered into the trade, and for the next several hours, price mostly danced around my entry. We were heading up to Gaylord the next morning, so I hoped something would happen by then — namely my take profit being hit, but it didn’t. That said, overnight and through Friday morning, price did push up and got close to 1R, which is when I moved my stop to break even.
We got in the car and headed up, and I had to make a decision. I let the trade run throughout the day, planning on closing it when it got near the end of the trading day/week. We were on the road (I was driving) when that happened, and I was well in profit, so a few minutes before the close I walked my girlfriend through closing me out of the trade — which she did — for a nice profit.
Unfortunately, though, something happened when she closed the trade, and I never double-checked to make sure everything was good, so come Tuesday morning, when I looked into my trading account I saw that I was down another position size.
At some point in trying to close the trade on Friday, an entry order Short was left out there which was triggered on Sunday or Monday…. Live and learn, I just have to think to double-check everything if I’m not the on physically pushing the buttons (and I should always be the one physically pushing the buttons)..