mon, july, 25, 2011 GBP/USD

I went long after a test in a rising market on a line of support with my stop just below the test. The next bar was a clear ND showing that there was no result from the test a sign of weakness, so I decided to close the position. 
Initial Risk: -18  Result: -10

MTM (pg.159) - "If the market drifts sideways and does not respond to the sign of strength, then we must assume the market is still showing residual weakness. A successful test Is a sign of strength that shows that selling (supply) has disappeared from the market"

MTM (pg. 35) - "Any  testing that does not respond immediatly with higher prices, can be considered an indication of weakness"

tuesday july, 26, 2011 usd/cad

Another loss today. Again stopped out to the pip on what I still think was a good trade.

Initial risk: 17 pips      outcome: -17 pips

tuesday july, 26, 2011 usd/chf

took a loss on usd/chf on a short. The market was shaken out right after I entered.
initial risk: -29  outcome: -29

mon, July, 25, 2011 usd/chf First journal entery

I took a successful short on usd/chf based on a 1h chart. The background was extremely weak and the trend was down. Price had gaped down through support over the weekend, and after the market opened there was completely no effort to push up. I took the entry right after an UT into the previous support, and i put my SL just above the high of the UT. The reason for closing the position was because of the potential selling climax that had formed.

Initial Risk - 29 pips     

outcome - + 46 pips