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Jumat, 16 April 2010

Thrills

On the first trade, I was short and around break even when, at 13:06:05 precisely, sudden news came out from NY and price moved fastly against me. My stop was at -5 pips but was filled with slippage, at -12. Surprised, it took me 12 seconds to be convinced about the strength of the move and re-enter long, just in time to grab 22 pips and breath again. Then I had some smaller gains, as the big guys were taking profits...VERY risky and very consuming..

Forex is often a lot more risky than the worst, suckers oriented, casino game.. Without this slipped stop, I would be served a -60 pips loss, in no time...Ended the day with a +26.

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