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Jumat, 11 September 2009

Too many trades...

Today's session. I close a trade prematurely and open a new in the same direction. Result : too much on commissions and increased risk. 39 pips on this.

Kamis, 10 September 2009

Going down

Price continued down after the correction (see previous post) and gave me the opportunity to cover the loss. A thrilling winning day today.

Mistake of the month

I entered long on this, while price was making a round top. Several signs were there to show that price was reversing : lower highs, moving averages sloping down, descending triangle formation, CCI, you name it. I refused to close. When the strong support was finally broken, I was looking at the chart helpless, petrified from my stupidity.. Price went to -30, then I was lucky to close the drama at -11, at the 50% correction of the move down...

When I started forex 4 years ago, I used to commit such a crime once a day. Now, it's once a month. That means evolution of the human kind...

Rabu, 09 September 2009

Afternoon session

Busy days, had to drop the morning session for some trades in the afternoon.