Missed the first move down on this, then i managed to follow the price and get some pips. Two problems here : First, I don't trust the trend much, so I close early and re-enter, missing a substancial part of the move. Second, I try to anticipate the reversal point and that is very risky on a strong trend like this one of today.
Wednesday, October 28, 2009
A clear trend
Missed the first move down on this, then i managed to follow the price and get some pips. Two problems here : First, I don't trust the trend much, so I close early and re-enter, missing a substancial part of the move. Second, I try to anticipate the reversal point and that is very risky on a strong trend like this one of today.
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There is really nothing better in Forex than clear trend, it’s something that’s always likely to gain us huge rewards, if we are working with clear trend then we could make serious profits without any trouble whatsoever. I always follow the trend, but we got to make sure we keep good money management intact in order to gain most, I get great advantage which is to do with OctaFX broker and their powerful 50% bonus on deposit, and it’s superb!
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