Thursday, June 17, 2010

GBPUSD#8 - Stopped Out



I entered this trade as planned. Shorted it when it closed outside the cloud again. But a quick and sharp reversal happened soon after that.

When I got stopped out, it was actually a nice reversal pattern formed, but didn't go for it as I thought I should not react so impulsively.

One thing about the entry was, the Chikou did not break and close below the cloud. So it wasn't a very safe entry in fact.

~~

No comments:

Post a Comment