DislikedLast week Friday I gave this trade call. I got posts from concerned and good hearted traders trying to dissuade me from taking the trade yet I knew exactly what I was doing and left the pending BUY order at 1.4047 my order got triggered and I saw a maximum draw down of 27pips. Categorically, I stated that this 27pip draw down never would have occurred if I had drawn my channel on 4hr tf. See chart attached.
Now the trade is still about 40pips green, price came 16pips shy of my TP. I'll wait patiently and have my TP hit.
I'll mention this yet...Ignored
Has not much to do with pure FOREX ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts