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Thursday, April 22, 2010

41st trade


USDCHF entry @ 1.0703, TP @ 1.0569 and SL @ 1.0770, taken on 22nd april @ 1045 hrs.
Well another loss trade, this cost about 67 pips. Guess i need to re-look at what i am doing wrong.
Everything was good. Entry between 61.8 and 76.4 fibo. One thing i forgot was to put to BE when it reached 1.0682. If i had done that it would be a BE trade. Also there was conflicting signals.
So lesson learnt, always BE the trade when it reached the specified price and most importantly Do not enter when there are conflicting signals.

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