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April 13, 2010 – GBPCHF Trade

Written by Hugh, on April 13th, 2010

This is my next trade.  Here is the chart:

Click above to enlarge

Again, I got scared out of the position and sold out almost at the bottom of the retracement.  This is the 5 minute chart action:

Click above to enlarge

Price then went up and barely hit the target.  I lost -6.6% on the early exit.  This was another result of watching  price action too closely.  I regret exiting too early, but price got awfully close to missing the target and may have actually missed the target and led to a large drawdown.

Well, what is done is done.  On to the next trade!




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Category: My Trading   Tags: ,

This post was written by . His goal is to become a professional trader.
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