Thursday, April 15, 2010

Two wrong trades saved by a good trade

Longed EUR/USD and GBP/USD just before the Euro session. The GBP/USD were showing uptrend in H1, H4 and D1 although EUR/USD were mixed. Other benchmark also were showing exhaustion of the USD weakness but I still entered the long trades. Another poor judgement here. EUR/USD hit SL with 35 pips while GBP/USD closed manually with 34 pips loss. Having the enthusiasm, I shorted EUR/USD a minute after the first trade hit SL. Luckily it hit PT of 55 pips and managed to break even earlier loss.

If I only waited another 15 minutes to enter the trade...imagine the result.

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