Thursday, March 15, 2007

03/12/07

I entered with 1/4 of position slowly checking water after big loss and not trading for about a week. I got about 11 pips equals about 3 pip of a standard L 5X lot.

Entering and exiting reversals requires instinct and experience and lots of screen time. Trading reversals is fear based trading, but if that's only way to make a good trade so be it.

I wasn't by the screen from the start, but it look ridiculous to profit in the end of trend on reversal in such strong market.

Here is a reason to enter the reversal in first place.

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