I have lost another trade. I must admit, I didn't see that coming. I think someone warned me of such an occurrence earlier. I accept full responsibility for the losses.
So, i've now lost over 120 pips in less than 2 days. This is no simple loss given that I compounded my volume at the start of the week to 6.3 standard lots.
Trade 2 for Nov 09, 2010
Long Entry @ 1.39107
SL @ 1.382 (87.7 pips)
TP @ 1.41107 (200 pips)
Exit strategy: If price closes below the previous support at 1.384
Whoa, what a start to this week!!!??? But im pretty pretty confident about my open position (dont quote me)
So, i've now lost over 120 pips in less than 2 days. This is no simple loss given that I compounded my volume at the start of the week to 6.3 standard lots.
Trade 2 for Nov 09, 2010
Long Entry @ 1.39107
SL @ 1.382 (87.7 pips)
TP @ 1.41107 (200 pips)
Exit strategy: If price closes below the previous support at 1.384
Whoa, what a start to this week!!!??? But im pretty pretty confident about my open position (dont quote me)