New trade:
One MYMH5 contract sold at a price of 42087.
SL = 43195
Total MYMH5 position is now short 1 contract.
Stop-Loss for the entire position is now at 43195.
TMT
SHORT Micro E-mini DJIA Mar25
Reply
LONG Corn Mar25
Position add:
One ZCH5 contract bought at a price of 474.
SL = 460
Total ZCH5 position is now long 3 contracts.
Stop-Loss for the entire position is now at 460.
TMT
SHORT Micro GBP/USD Mar25
Position add:
Seven M6BH5 contracts sold at a price of 1.2154.
SL = 1.2376
Total M6BH5 position is now short 22 contracts.
Stop-Loss for the entire position is now at 1.2376.
TMT
SHORT Micro EUR/USD Mar25
New trade:
Four M6EH5 contracts sold at a price of 1.0241.
SL = 1.0407
Total M6EH5 position is now short 4 contracts.
Stop-Loss for the entire position is now at 1.0407.
TMT
SHORT 5-Year T-Note Mar25
Position add:
One ZFH5 contract sold at a price of 105.515625.
SL = 106.171875
Total ZFH5 position is now short 2 contracts.
Stop-Loss for the entire position is now at 106.171875.
TMT
Stops Trigger For a Reason
I had been thinking about my recent short in Micro AUD/USD Mar25 (M6AH5). I had steadily added to my position as the Aussie dollar trended nicely lower.
Five days ago, the Washington Post reported that Trump’s aides were exploring a narrower tariff plan than expected. This caused the AUD to strengthen abruptly. Unfortunately, the price hit my stop and I was stopped out.
A profitable position had turned into a loss. While I was not feeling downright miserable, I was certainly dejected. This was especially since Donald Trump had refuted the report, and the AUD started its slide again.
Nonetheless, I have to put this loss in perspective – the article could have well been accurate, and the Aussie dollar continues its ascent in the alternate scenario. Had I not have the stop in place, I would have lost much more.
Unexpected twists can and do occur. It is par for the course when it comes to trading the market. Further, I had to reset my mind and start a fresh short position again as my system gave the SELL signal, which I dutifully complied (see grey text on chart).
So the lesson here is: always expect the unexpected, and manage your risk well.
TMT
SHORT Micro AUD/USD Mar25
New trade:
Nine M6AH5 contracts sold at a price of 0.6173.
SL = 0.6275
Total M6AH5 position is now short 9 contracts.
Stop-Loss for the entire position is now at 0.6275.
TMT
LONG Micro WTI Crude Oil Mar25
Position add:
Three MCLH5 contracts bought at a price of 75.86.
SL = 73.02
Total MCLH5 position is now long 6 contracts.
Stop-Loss for the entire position is now at 73.02.
TMT
LONG Micro WTI Crude Oil Mar25
New trade:
Three MCLH5 contracts bought at a price of 74.44.
SL = 71.60
Total MCLH5 position is now long 3 contracts.
Stop-Loss for the entire position is now at 71.60.
TMT
SHORT Micro GBP/USD Mar25
Position add:
Seven M6BH5 contracts sold at a price of 1.2265.
SL = 1.2487
Total M6BH5 position is now short 15 contracts.
Stop-Loss for the entire position is now at 1.2487.
TMT
The Mechanical Trader 