Thursday, July 12, 2007

Nasty reversals

Stopped out on 2 trades today, looks like eur/usd is in consolidation phase. Still picking out small profits but caught by sudden sharp turns(1-min chart!). Managed to bring down losses from $-55. Will have to look for other pairs, still not comfortable trading gbp/usd (still testing on demo), have to work this system until i can get the consistency right especially on timing, getting caught by reversals just sux.

on the plus side, additional rollover will bring my demo account back to 100% balance+nice profits. Wish that is true for the real account. Slowly working my way up. Reaally slow.....

Result: -15pips

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