Wednesday, July 30, 2008

Trade Journal 29 Jul 08 - Itchy Fingers

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

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