Update 03-24-08 8pm:
There is a good reason why you have a rule not to enter a trade you just exited. And its precisely to protect you from trades like this one. I had made a nice profit with my previous trade on this pair earlier today. But I entered the same trade again, and ended up losing all the profits and more.
Total Pips: -300
Total Loss: $295.32
The Trade:
I entered this trade once again. The signal based on OzFX system still looks valid, and I feel I can make some more pips from this pair. So I am going short once again.
Here is the chart. All reason for entering the trade is similar to my previous post, including the chart.
Entry & Exit:
Lots: 3
Entry (Short): 1.5680
Stop Loss: 1.5780
TP1: 1.5630
TP2: 1.5580
0 comments:
Post a Comment