Hopefully wave 3 is reaching the maximum for last week trade. I'm still floating about 386 pips at the moment due no stop loss setup. This is a big mistake that we should alert with. Even though I trade $0.02/pips, it hurts my eyes and break my heart when I see it. Please concentrate when you're about to enter the market.
For the 1st 3 days of trade last week, it was very successful trade. The trade is getting wrong when I'm losing focus on it. I should not trade when busy at work place. Ok, what is happen is happened already. Let us move on for the next week trade.
In the chart below shows that wave 3 is complete (hopefully) and going to down turn to make a wave 4 in 4 hour chart. The blue rectangle there is the target to complete wave 4 (hopefully) and it will minimize back my floating trade for last week. At that point I should cut loss my trade to minimize the losing trade.
No trade setup is provided for this entries, so sorry for the fellow readers. December is my busiest month at my workplace.
Sunday, December 14, 2008
Downturn EURUSD 15DEC2008
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