Missed Trade: AUDJPY Canceled Trade

Published on Wednesday July 7th, 2010 at 10:31PM by keicadelina

ARRRRRGH! Imagine my frustration when I saw AUDJPY make a strong break above the neckline of those double bottoms. I had that trade idea a few days ago (http://www.meetpips.com/members/kiloandstitch/trade_entries/30194) but I canceled it when the pair seemed unable to break past 75.00. And now...

I should've left that order open :( Probably the right time to cancel would be when the price made a new low or something. Oh well.
  • 2 comments
  • Go to defender_000's profile

    On Wednesday July 7th, 2010 at 11:31PM by defender_000

    Even though you cancelled it this was a great trade idea Kei and would have worked out perfectly. your right price was unable to break past 75.00,and I actually thought another test of the double bottom was possible as it failed on two tests of 75.00,but once it did it broke sharply,especially with the unemployment report. Yeah that would have been a good strategy to cancel if there was a new low and the double bottom was broken. Good luck next time!
  • Go to keicadelina's profile

    On Thursday July 8th, 2010 at 12:09AM by keicadelina

    Thanks for those kind words Shawn D. That certainly helped ease the frustration, haha :)

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