Entered short at local resistance break, closed because I felt uncomfortable, thinking the reverse was imminent. It was, indeed.. Wise decision -:).
Tuesday, May 27, 2008
Another 6,5
Entered short at local resistance break, closed because I felt uncomfortable, thinking the reverse was imminent. It was, indeed.. Wise decision -:).
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It is always wise to grab out pips when you can especially in the ever so unpredictable market while what else we need to be careful about is that we do over trading which is often the risk when we trade with low targets, so we need to be very sure about everything. I enjoy doing trading with low targets thanks to OctaFX broker with their small spread of 0.2 pips for all major pairs while they also have stop out level of just 15%, so that’s handy too.
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