Stupid me .. itchy fingers, trigger happy. Never follow the setup rules for the strategy and never wait for reversal signs. Longed the EUR too early and ended with a 21 pip loss. Deserved to lose money on this trade. Thought the EUR would rebound after a sharp drop of more than 100 pips, but it dropped further after I made the entry and took me out at my stop loss.
Entry: Long at 1.5616 with SL at 1.5695
Result: -21 pips
Wednesday, July 30, 2008
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