"Take Risks: If you win, you will be happy; if you lose, you will be wise. Nothing ventured, nothing gained."

Wednesday, December 23, 2009

23 Dec - Eur/Usd on New Home Sales

Bearish US New Home Sales. Price spiked 40 pips on Eur/Usd after announcement. Short for retracement, stochastic turning and price has been settled down a little. after about 10 minutes into the trade, bear couldnt make it down, so i thought of closing on break even, becuz in such cases bull usually will bash thru a weak bear when times up, but a part of me tells dont waste ur time closing breakeven. and i learned my lesson on the importance of breakeven trades when the second bullish candles appeared that bite the hell out of my s/l. (-20 pips)


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