Trade Alert Update (Mar 7)
We didn't get the reaction yet that I was looking for on the sell setup on the cable and euro yesterday. There were only a few slight retracements before the cable and euro pressed higher. This is why it's important to manage your trades. Especially, coming into a major news announcement. This trade could just as easily worked out which is why it's important to realize that not all trades will be winning trades. We must keep taking the trades as the setups appear and manage it after the trade is on. When there is a loss, know that there is another trade right around the corner. Be patient and wait for the setup.
The cable and euro quickly came back down after spiking up to take out stops. Keep looking for a place to get short.
Labels: Forex Signals
Thats right ! One has to manage trade its always hard work that pays and not easy setup will win you trade. It was buy once it hit trigger at 1.5460 to day but market traced back !! keep Eye to sell thats right The IRON is VEry Hot Indeed.
Posted by
petlad |
March 7, 2008 12:50 PM