There and back again

9 January 2012 (16:38) | Journal | By: Colin McGinley

After a journey of 2274 pips (and back again), taking place over 16 months, my longest surviving millipede trade hit its break even stop yesterday evening.

The trade was a long EUR/USD entered 23:34 EST, 9th September, 2010 at 1.26653. It was entered into my trading ledger as a completed trade 18:24 EST, 8th January, 2012 at 1.26654. It netted an outrageous 0.1 pips.

In the months of November and December 2011 my trading foo completely escaped me. I attempted 24 trades on EUR/USD, mainly during the month of November and early December before taking a break in frustration. 13 trades hit BE while the other 11 hit my 50 pip SL.

I thus currently only have my prior two millipede short trades on EUR/USD right now. The first was entered on 29th August at 1.4508; the second on the 30th October at 1.4053.

While I did take a complete two week break from trading over the Christmas and New Year holidays, I have not been idle. I hope to get back to more regular posting in the next week or so and will cover what I’ve been up to then.

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