
Saw a triple bottom at 30m EURUSD chart, and looking for a chance to short it if it were to break the triple bottom support. Entered the trade as soon as the black candle piercing the bottom closed, with a 15-pip SL.
No surprise, I was stopped out very soon after that :P
Lessons learnt: always wait for retracement, play safe! Also, looking at Slow Stochastic, it didn't show a clear signal of turning down. Instead, it was in the middle of nowhere, and perhaps showing signs of turning up! To be honest, i didn't do enough study on this before entry. Only a brief look at chart, and the itch of getting into a trade got the better of me.
First trade, a losing one :)
~~
No comments:
Post a Comment