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.
"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:
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.
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