Saturday 19 January 2013

16/01/2013 NZD/JPY long (loss)


Another trade based off the 3 time frame strategy (see explanation here). Entered long with 0.5% risk, aiming for 3:1 RR. Here is the entry chart (click to enlarge)






and here is the exit chart which shows price going down and stopping me out for a loss





In hindsight maybe I should have waited for a stronger close above the trendline and 200 ema. 

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