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What I Missed - 02/09/10
Published on Tuesday February 9th, 2010 at 10:39AM by keicadelina
Grrrr, another bad trading day for me... I got stopped out on my AUDUSD short trade. I was hoping to catch the bounce from the top daily ATR / 38.2% Fib / minor resistance level. Unfortunately, it didn't work out. Maybe I set my stop too tight...?Anyway, I was busy watching that pair that I missed the upward break of the USDJPY symmetrical triangle on the 1-hour chart. Well, again, it's easy to say that this is a missed trade in retrospect but I don't think I would've had the right strategy for this one. Earlier, I thought the pair would break to the downside so, if I had gone for this trade, I probably would've set a short order at the bottom of the triangle.

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