Closed EU & GU longs for -11%

17.20 bst

The Monday blues again …

Closed EURUSD long at 1.2980, -10 pips. This pair needs to break 1.3000 decisively.

Closed GBPUSD long at 1.5290, -62 pips, -10.1%. Stop loss.

The old traders’ wisdom of staying away from markets after a big loss OR a big win seems more true the longer I trade. I might seriously consider following that advice in future.

It is some consolation that my system has also been stopped out of the long GU trade but it still remains long EU. The inability of EU to break 1.3000 is a very bearish sign.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s