Thursday, May 8, 2008

First scratch than greed

I had trade in eur/usd hoping for spike down before the news. Spike was up so I was out at b/e.

Than later I had pure greed trade in gbp/usd. Just because some momentum started down after some news event I entered with full size at the bottom of the wave. I was getting -15 in next 10 seconds. So I was regretting my fullish greed to jump in with full size without thinking and was very happy when it came back down. I waited for a moment will it break down with speed, when it ticked back up I got out for about +2 pips.

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