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Just A Reminder...

Dear All,

I personally urges you to scrutinize any "super "trading system by providing fast rich method or all-in-one signal to realize your dream, before paying fee to them. As we all undertand, the way to fortune is a painstaking process, much due to your hard efforts and practice, do you think people now can produce any super machine better than human brain? Please do not fall victime of "impulsive buying", cool down yourself for some days first before giving your most precious asset: "Money".

Tuesday, August 19, 2008

Loss 32 pips on double EURUSD entry

I loss 32 pips on two different entries with the EURUSD. As you can see from the above chart (5-min chart) my entry were both made just below the 38.2% retracement but all the prices never made it below the 0% level and hit my stop loss at the 61.8% retracement level. The Euro then made its way up passing the 100% mark after the release of the news from Eurozone. I will monitor the market again after the US news due 8:30 am New York.

Never give up on your trading defeat. Keep on trading and look for the right opportunity. I am now looking at it....;)
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