Thursday, October 25, 2007
Forex trading 10/25/07
Today I was all over the place trading not so good market to trade. But I guess that I was showing myself the power and strength that I can take normal stops without moving it and averaging. So with all this action and a loss of -10 pips for all I'm happy trader when I know that I can trade good winning or losing. Good trading is when you follow rules and don't get lost mentally.
I could wait for a proper stop of -12 not jumping out at -8 and get out on b/e or in a win because eur/usd is now about 15 pips up from entry without violating -12 stop level. How about that I was entering in the direction of the market in that moment, thats big plus for me also.
No breakout to the upside so honorable exit of +2
Well I should exit second trade when it was first in +15 profit and not allowing it to come all the way back.
-15
+13
No bounce back, it's slow downtrend. Happy to take -3 loss when I was at the moment -11 pips down.
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