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Jumat, 17 Juli 2009

Overtrading

I could not resist to trade the volatile NY first hour on this Friday. It took an eternity to break a descending trendline on the hourly and then price got a pace to go up. Too many trades... tight stop behind the price gave many exits and re-entries. I am stopping at this point.

5 trades

My 5 trades for today. Good entries at swing points on the second and third, although, between them, I hesitated on the clear breakout at 132,30 and missed the move down.