I have decided to cancel some of my pending short trades today on Gbp, Eur, Usd and Jpy combinations because of where my account was at and the key levels of support and resistence which if bounced back again while triggereing another set of trades would decrease my profitability.
Plus, I have plenty of open trades in that direction and so any continued move down farther I would not be missing in the 1st place.
Also we have impact news for Gbp coming out which if positive could send the trade against me real quick, and right now I want to keep my gains that I have made.
Plus, I have plenty of open trades in that direction and so any continued move down farther I would not be missing in the 1st place.
Also we have impact news for Gbp coming out which if positive could send the trade against me real quick, and right now I want to keep my gains that I have made.
"Keep your eyes on the helpers" - Mr. Rogers