Missed Trades (3/17/2010) - Just didn't get triggered

Published on Wednesday March 17th, 2010 at 08:47PM by virgiliolayug

I wouldn't really call these missed trades, since I did see the setups. The only problem was that I didn't get triggered on these trades as I was waiting for the perfect entry and just didn't get it.The first one I spotted was on the cable. Before the start of the european session, price was hovering just above the 1.5200 handle. I was simply waiting for a retest of this price area, which had held as a strong resistance point in the past. Unfortunately for me, price only hit 1.5210, and I never got triggered. Although I would have only played this for a scalp, the pair did jump following some good data from the UK. So if I had left some of my position (assuming I got triggered) I would have caught a nice move. GBPUSD

The other trade setup was I was waiting for was on the EURJPY. I saw this one a little late, as the pair had already tested the upper bound daily ATR at 125.05. Price was just hovering below the 125.00 mark, and I really wanted to get a nice entry at around 125.10 to 125.15 - the weekly open price + last week's highs. After dropping initially, price retraced back up to 124.95... and that was it! I just didn't have luck (and the markets) on my side. EURJPY

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