I grabbed 5,5 pips and closed feeling the reversal coming. It came after a few minutes. Conclusion : I am late to get in the trade.
1 comment:
Akhtar
said...
Precaution is always better than cure which is why I feel you did really well with closing the trade, it’s often that we don’t go with what we see just because of greed and always end up with disappointments, so that’s why I feel it’s very good to take strong decision where we can secure our account instead of having to risk it. Also, I am currently doing scalping with OctaFX broker using their small spread of 0.2 pips for all major pairs, so I often close trades only with few pips.
"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
I got a few pips and then I left monitors to take care of my daughters. When I came back, price was 70 pips down...
Risk Disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.
1 comment:
Precaution is always better than cure which is why I feel you did really well with closing the trade, it’s often that we don’t go with what we see just because of greed and always end up with disappointments, so that’s why I feel it’s very good to take strong decision where we can secure our account instead of having to risk it. Also, I am currently doing scalping with OctaFX broker using their small spread of 0.2 pips for all major pairs, so I often close trades only with few pips.
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