Thursday, March 5, 2009

Who Moved MY Cheese??

I find myself asking the same question as the bestselling book. I've seen multiple points disappear on almost every trade I've taken of late. Today, I entered the EUR/USD three times. 12,9 & 13 points were available on the 1st, 2nd & 3rd attempts respectively. My grand total was 4. 4 out of 34 available points lol.

So now we have chop, even on the 1min chart, coming out of this pattern. I'll need to go for smaller scalp moves into micro-support/resistance , keeping the entries tight and being willing to re-enter as part of a multiple-entry trade.

Luckily, up until now, entries have been my strong point and I'm able to identify the micro support/resistance zones...

All that's left is for me to move with the cheese.

No comments: