Friday, March 5, 2010

Two Trades on 4 March 2010.

Entered short USD/CAD few hours before the US Unemployment Claims and GBP Official Bank Rate report released. Another misjudgement in trading setup. It was moving in my direction before it reversed and closed at EP. Before that I also entered long GBP/USD after the Official Bank Rate announced with no rate hikes or additional QE measured.
I entered those two trades even though the signals were rather mixed. Suffered loss of 77 pips from this trade, thus effectively erasing the two gains I made earlier.
Focus, focus, focus and control, control, control.

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