Missed Trade: Yesterday's High, Today's Low

Published on Wednesday July 14th, 2010 at 09:42AM by keicadelina

I was uneasy about going long Cable before the release of the UK claimant count change report so I decided to stay on the sidelines for a while. I did notice the price hovering around yesterday's high (1.5191) and I should've taken the opportunity to go long then. I just took a short nap and, when I came back, the price already zoomed up by almost 200 pips!

I decided to just wait for the release of the jobs report then go for the breakout to the upside if the actual results beat consensus. And they did! However, the price seems to have difficulty breaking above the top weekly ATR (again).
  • 2 comments
  • Go to RoCkstaR's profile

    On Wednesday July 14th, 2010 at 10:25AM by RoCkstaR -

    Do u ever trade or u only miss the trades?in last 30 days no trade frm ur side. only missing the trades....[Strange :s ]
  • Go to keicadelina's profile

    On Wednesday July 14th, 2010 at 10:43AM by keicadelina -

    Oh I placed my live trades under another account name (kiloandstitch) because I didn't want the live trade stats to overlap with the demo ones. I plan to move them back to this account name (probably under a new system so I can keep track of my live trade stats) but I just can't seem to find the time. So, for now, please check my other account for my trades: http://meetpips.com/members/kiloandstitch

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