Trade Closed: EUR/USD Daily Chart

Published on Friday January 6th, 2012 at 09:33PM by Evermore

Fig. 1-1

Well, that went pretty bad. My trade started to go nice by the 3rd. day, but suddenly it started to resume the original trend. The trade stopped out @ 1.2898 (red line).

Things to Consider: I think my biggest mistake was not to move my SL to BE when I had the obvious chance, allowing a winning trade to turn into a losing one. Although I moved my original SL to minimize the loss, I think my feelings of hope got the worst of me to finally end with a loss.

On the other hand I feel great because I made a good analysis based on the tools I normally use to take my trades and proceeded to execute my trade accordingly.

 

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