Monday, May 22, 2006

My First Trade on the EUR/USD

Well what can I say about this trade. I should have never entered it to start with. I sold 3.5 lots 1.2780 with my stoploss at 1.2790 with my take profit at 1.2770 and once again as in my previous post I lot my fear and emotion take over I exited the trade once it came into a small 3 pip gain. This is something that I need to work on. Below is my chart of this trade:
EUR/USD small stepsAs you can see my take profit would have been hit if only I didn't intervene in the trade. I exited with a profit of USD$105.

1 comment:

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