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I Wasn't Patient Enough

Written by Hugh, on October 20th, 2008

I got stopped out on this trade.  I was looking for a bounce off the trendline on 10/20, but I didn’t wait for a confirming candle to take the trade. The target was the 50% fib retracement on the 1 hour, which coincided with the central pivot.

Price then proceeded to slip through the trendine, stopping me out.

Long 1 EURAUD @ 9291
Stop @ 9205 (-86)
Target @ (+249)


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Category: My Trading   Tags: ,

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