Monday, 7 June 2010

:-(

Well, not a good trading day so far today I'm affraid. Had a close win, but got stopped out before it continued in my direction. It's frustrating when that happens, but you learn to accept it as part of trading. Sometimes the stops are just too close to the price, but stops are an important way to limit your losses, so it has to be done.
Sterling found support at 1.44 and headed up. The daily trend is still down, so I'm watching carefully for any signs of reversal to the downside this afternoon. Looks like there's a triangle formation forming on the 5 min chart, which could be a sign that it's going to continue up. We'll see!

No comments:

Post a Comment