Wednesday, August 25, 2010

New log: Some losses to kick me for being complacent!

Started my new Trade Log 6 (6th cycles of 30 trades).... had some losses to kick me back to earth...
Kick myself for being too complacent, wrong entries and all...

The market is not too clear lately.... mkt has been in a consolidation zone, not to straight forward Horizontal zone type, but in the form of Wedges, Triangles or just random consolidation.... direction not so clear now esp when some critical levels were broken lately... price seemed unsure of where to go....

25-08-2010-AUDUSD-SHORT
-Wrong entry (see notes)
-Was not mentally strong enough to attempt 2nd time...
Alas! the 2nd time was the correct move!


25-08-2010-EURUSD-SHORT (1st attempt)


25-08-2010-EURUSD-SHORT (2nd attempt)


Time to wake up n be on my toes! Stay Alert Soya!!

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