Not doing so well this month…
2:01 ET – S(5) NZD/USD @ 7449, Stop @ 7466, Target 4 @ 7417, TS 1 @ 30 pips.
Got into the trade because it looked like it would bounce off an existing resistance level. There was also a MACD Dive on the 1 Hr chart.
2:05 ET – Stopped out.
15 min
1 hr
Trade Totals: -17 pips X 5 = -85 pips (-$8.50 or -$850 in full sized account)
Follow up: Price raced through my stop in about 4 minutes. Then price proceeded to head down to the tune of about 130 pips. I just missed the move and fell for the shake out. I should have gotten back into the trade because the spike hit a major resistance point on the daily chart.
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