Tuesday, June 29, 2010

AUD/JPY trade that went wrong

Had a chance to break my losing streak but the trade ended up break even. Shorted GBP/USD at GMT6:01 and exited at GMT6:58 with no win. The trade had went to over 20 pips at one point and I thought to myself, lets just take this but I never listen. Adjusted the SL to BE and let it run and it hit BE less than an hour later. Later in the day, longed AUD/JPY even though all technical indicators are still very bearish. I was anticipating a reversal after seeing the pairs dropping since early morning. I think I have lost all common sense to trading. I was too emotional and I need a break.

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