I could enter much earlier on the third trade, the previous strong uptrend gave me the (false) conviction that it was a small correction down and that should end soon. We should trade the nice price moves here, not our convictions..
Tuesday, June 30, 2009
Late entry
I could enter much earlier on the third trade, the previous strong uptrend gave me the (false) conviction that it was a small correction down and that should end soon. We should trade the nice price moves here, not our convictions..
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It’s important that we are careful with these things because late entry can often be wrong or many people go ahead out of frustration, so got to be very wise on that font. I believe it’s better that we stay away if we think we have missed the boat since Forex is an open world with plenty of opportunities arriving in relatively quick time. I do that only and through OctaFX broker, it’s easier using massive rebate scheme to give me good amount back.
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