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Trade: Sep. 15, 2010 GBPUSD London Trade

Here is my trade for today.  If I had taken the first signal, I would have been OK.  However I didn’t and this is what happened:

The final result was a -2.0% loss.

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August 18, 2010 - GBPUSD London Trade

Hello Traders,

This is my trade for Wednesday August 18th. It is a classic London Trade on the GBPUSD. Price looked like it was forming a bottom at the beginning of the London Session. In addition, there were two long wicks at the bottom, possibly hinting that price will go up. Here is what happened:

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It's Sunday Night...

losing-forex-trade

This is a much better trade analysis that my previous post. This is my trade in the British Pound/US Dollar. Even though it was a losing trade, I feel much better about it because I did a better job of documenting how the trade went down. This will be very valuable later when I need to figure out patterns in my losing trades. [...]