Friday, March 5, 2010

Control Needed

I guess I have not been able to control my trading addiction just yet. Shorted GBP/USD on a mixed signal.
D1: Down
H4: Down, but MACD crossed up & SAR dot also indicating uptrend.
H1: Down.
RSI: Oversold

I was too eager to ride the trend early whereas the trend is not clear. Luckily the trade is closed without loss.

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