Congrats BULL. Did you stay away from the GU. If so why? Thanks
).... Why look ok: The box range is 52 pips, then it's ok; the R:R also look ok, Stop Loss in 22 pipsn then near to be 1:1, and EU & UCHF are going in the same direction (EU was going down in armony with cable and UCHF was going in a up trend). After all of this points, I take the trade, and as you can see was a Loss Trade. 
Waiting for a pullback has saved the day today on the GBP and EUR. The EUR penetrated the box by about 15 pips, and went way back up over 50 points, and the GBP also went about 15 pips into the box, and then reversed upwards from there by 99 points. Anyone that had taken these as straight breakouts without waiting for a reversal almost assuredly would have been stopped out. As it is, on these two, they're coming back down., But, with the credit crisis in the U.S., maybe it's a good day to just pass on trading. No one knows what senators (who get campaign bribes from the same banks that failed) will do to get us out of the mess that THEY got us into.
