Wednesday 14 July 2010

EURJPY - 5 Minute Chart - 8pip LOSS

This was mega stupid trade, what am I trying to prove by pressing self destruct button ?

Selling Bottoms for 5 pips ?

Stupid, even tho my target was hit, I got spooked and closed the trade at -9.

Chart was showing slight divergence as well.

Also USD news hit a couple of minutes after this trade and price spiked 30 points, another reason not to trade during news events, even the ones that don't affect your currency.



See chart below :-



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