17 Apr 2009
Mistake!
First instead of a up candle, it went down. I have 1 position caught at 1.4977. This was silly as it was entered after EMA21 cuts EM55 transition. I should have waited for the transition to complete and that will set the trend - down!
The market will continue to move side way, only giving signs of direction after the band of 1.487 and 1.495.
With the paper loss at hand (which I try to close the position but has not done so last night), the gain is 2.2%.
Target - close this open trade and increase the capital by at least 2% from current balance as at 0900hrs.
First instead of a up candle, it went down. I have 1 position caught at 1.4977. This was silly as it was entered after EMA21 cuts EM55 transition. I should have waited for the transition to complete and that will set the trend - down!
The market will continue to move side way, only giving signs of direction after the band of 1.487 and 1.495.
With the paper loss at hand (which I try to close the position but has not done so last night), the gain is 2.2%.
Target - close this open trade and increase the capital by at least 2% from current balance as at 0900hrs.
posted by Ernest Seng at 8:57 AM
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