Sunday, January 18, 2009

EUR/USD- 16th January 2009.

Early entry on this one so had to sit through some serious heat! In fact, it surpassed my stop by a tick but was aware that I was just early so I waited for the action to slow before making a decision: if it slows and doesn't start to turn around immediately then it's likely I'm just this case it dropped off really quickly. I basically shorted the open of a shooting star and had to sit through the tail!! I much prefer to short near the highs of the Note to self: Plan to wait for the crazy activity that usually indicates the flush at the end of a trend move.

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