DislikedShorted EURUSD. Had to rescue the trade a bit. Exited with a small loss due to 1. Poor timing on entry, 2. exited too soon. Generally a good lesson for my first live trade
Dust myself off and look forward to a new battle.
Thanks, fti.
Regards,
KingIgnored
the market took the rod to me today...he he
increased my MM and then bottled out when price moved against me about 7 pips...
didnt dare rescue as too much of account would have been exposed plus i took trade based on some new knowledge i got over the weekend....my book the major works of RN elliott...
and i decided we were possibly in wave A of correction on euro and went long...
rigidity kills...plus that elliott wave stuff cant be grasped in a weekend, but it does appear that there are waves and corrections..but im no good at identifying what is what.
so i pulled plug on the trade....as it was more of a pre determined gamble...if price moved my way account woulud build quickly and if it didnt i would pull the plug quickly... a little scorpion of mine was allowed to play today...that scorpion is now been surpressed.
we live and learn ...so good trading.
ps im sticking to cable now...this fiber is just to dangerous....i just dont trust myself with it at the moment..im breakdancing with it...but it wants to tango.