07-09-08 Trading Journal Update
Manul close position with 22 pips loss.
Reason:
1. Downtrend triangle pattern been broke.
2. price is pushing higher and higher. Looks like it is going to go up.
3. Channel still in consideration if 15750 didnt break
4. New pattern found in 4H. Looks like double bottome.
Lesson:
1. Target must move to the open once timing stop reached 4-8hrs to eliminate the loss.
2. Use other pairs to make entry timming better. (EURGBP)
Manul close position with 22 pips loss.
Reason:
1. Downtrend triangle pattern been broke.
2. price is pushing higher and higher. Looks like it is going to go up.
3. Channel still in consideration if 15750 didnt break
4. New pattern found in 4H. Looks like double bottome.
Lesson:
1. Target must move to the open once timing stop reached 4-8hrs to eliminate the loss.
2. Use other pairs to make entry timming better. (EURGBP)