On the first trade, I went for the first reaction at the previous (hourly) low. The trade went to +12 and closed there, because a re-test of the low was very probable, as it happened finally. New reaction at the low and then a smooth and quite breakout followed and I had some additional pips in the strong direction. Totaling 30 pips and stopping for the day.
Monday, June 15, 2009
Previous low
On the first trade, I went for the first reaction at the previous (hourly) low. The trade went to +12 and closed there, because a re-test of the low was very probable, as it happened finally. New reaction at the low and then a smooth and quite breakout followed and I had some additional pips in the strong direction. Totaling 30 pips and stopping for the day.
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I think stopping at certain point is vital, as we will never ever be able to succeed if we are unable to stop, it’s too common with people not knowing when to stop and that too often is the reason why they end up failing flat on their heads. I have learned to control myself better which is easier to do with broker like OctaFX, as they are very special having many demo contests for us to participate on, so apart from learning well, we can also earns (win prizes).
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