Friday, July 15, 2011

Mixed direction

It felt like lot's was going on so it wasn't easy to get direction and have simple trades. After few losses I noticed that I want to make it up with big reversal trade. So I asked myself why not instead to make it up with scalps? Somehow I felt laziness, no not scalping (work). It was quite surprise how I consider scalping as work (that I'm sometimes lazy to do) and looking for reversal trade that I will hold as shortcut to avoid work.

In gbp/usd it was close to break of yesterday's low. I was very fortunate to not get stopped on third trade so I covered my previous losses. It was close to break down but it didn't so I closed in profit after giving it chance for downside.

+10 pips

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