Sunday 9 June 2013

04/06/2013 EUR/NZD short (loss)



Here is my entry chart for this FTB short trade (click to enlarge). Risk was 1% of the account.




and here is the exit chart showing price moving up and taking out my stop loss, which I had moved down for a reduced loss. Loss was less that 0.5% off account. Had I left it alone I would have lost 1%. Note: The exit chart shows the H1 timeframe while entry was off the H4.



Analysis: At this point I don't see much wrong with the setup. It doesn't look like the greatest setup visually, but it doesn't look bad either. Right now I just accept it was one of those trades that was worth a shot but failed. 



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