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You are here: Home / Forex / Forex – January 17 Friday EU Long -20

Forex – January 17 Friday EU Long -20

by 1 Comment

17-1-13-EU-longTook this long trade on the EU late afternoon on a Friday (2.45pm GMT) – probably my first mistake.

Significant level was 1.3571 which was set by overall range low on 6 Jan and provided support on the following days.

Was unsure whether this was a ‘strong’ level or not – second mistake (uncertainty)?

Stop run created plus confirmation candle up, entry point was 1.3580 about 15 pips from the low which is the minimum required for a pullback entry, so not the best entry – lacked patience.

Anyway, trade went against me -20 pips.

Currently, 5 trades this month, 2 win (+80), 2 break even (0), 1 loss (-20)

 

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Filed Under: Forex, Trading Diary

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Comments

  1. kevsta says

    January 18, 2014 at 9:12 am

    Its good that you see where the mistakes were made, we don’t generally learn much from our winners, .. too busy feeling pleased with ourselves.. but that’s never a good time to be talking trades really. they can work, but if it just runs out of steam and dribbles sideways, then the weekend arrives. Tues-Thurs are the most reliable days.

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