Thursday, June 19, 2008

False breakout

Trying to catch the breakout is the more risky of all trades I believe, especially after London closing... I was late to close this and risked 12 pips. Closed finally at -4,8p.

Enough for today, 2 trades, 1 winner, 1 loser, slightly losing day. I am tired, i have to stop. Better see the Euro..

1 comment:

Talreja said...

The biggest problem for a new comer is to find the difference between real and false breakout and once who are not able to spot this correctly, it’s horrible for them to get any success. I am a scalper so for me this is handy if I am able to spot it correctly, but thanks to OctaFX broker even if I don’t I can still be fine due to cash back offer of 50% on every trade that I get with them and this works as great benefit for me.