Wednesday, June 24, 2009

False breakout

I waited an eternity in the range to break, I took a direction and had 5-6 on hand but wanted more : price made a number of lower highs and gave me a loss... The pips came later, by taking the correct breakout.

1 comment:

Gatty said...

This is why we need to be very careful with how we work, as trading can be very easy in certain times, but then it could be very hard to handle up things. I always have my safe side which is a lot easier with broker like OctaFX, it’s awesome with having highly supportive conditions and features including low spreads from 0.1 pips for all major pairs while we also get 50% cash back on all trades, it gives me extra comfort and I am able to work nicely.