Wednesday 6 March 2013

28/02/2013 GBP/USD Short (loss)


This was a trade based on the three timeframe strategy (explained here) which has been getting me very good results this year. This one was a loss though. Here is the entry chart (click to enlarge)






And here is the exit chart. Obviously price took out my stop loss and I made a loss.





In hindsight what I should've done was wait for a stronger close below the trend line/200ema.  

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