EUR/USD unlucky third time. Trade taken and stopped out
Seems like there is no luck for me trading EUR/USD . It’s third time price hit the stop and rushed the opposite way. This time price hit the stop and moved just 8pips and immediately reversed. I took the trade based on the 4HR inside bar. I entered long before the 4HR bar closed and ended up paying the price. However, there is a triangle consolidation taking place and hope the price is sooner or later going to break the range. Here is how it went.
Trading Result: Bought EURUSD at 1.4240 with STOP at 1.4190. Stopped out with overall loss of 1%.
This entry was posted by Fxtrader on August 9, 2011 at 5:18 pm, and is filed under EURUSD. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.