Wednesday 19 January 2011

Trade over

Disappointing. Out with small profit on each of the two positions. Looking to buy again IF we see good bars on the the top thick reaction line. Price has held on the dashed- red warning line which ironically is the .618Fib RT (so far).
You may well ask why did i close my two longs when they had break even stops? The answer is that i have a intense inability to take losses or 'square' trades. As i write we now have a failure to make a new high above 1.35 so we have double tops in the 1 min TF so price is looking weak and i will remain out of this market until price stops ranging sideways.

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