Took abit of time off. This taken on the 7th april. Well back to the drawing board ( This was in the demo). Entry was slightly above the 61.8% fibo. Lost 155 pips. Wrong analysis. Lesson learnt: Define Risk ( i.e i am willing to lose 100 pips per trade.) Hence this trade i would not have taken as the RISK is too much to handle.
Wednesday, April 7, 2010
15th trade
Took abit of time off. This taken on the 7th april. Well back to the drawing board ( This was in the demo). Entry was slightly above the 61.8% fibo. Lost 155 pips. Wrong analysis. Lesson learnt: Define Risk ( i.e i am willing to lose 100 pips per trade.) Hence this trade i would not have taken as the RISK is too much to handle.
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