Thursday, July 17, 2014

782 - EUR/USD closed


I was long on EUR/USD.

So whats the lesson to learn?
I should have exited at next resistance level (around 1.37).
Not to sell immediately, but just put a Stop Loss, in case it keeps rising.

In addition, as I plan to become a shorter term trader, I should take profits before resistance zone, to skip the battle that will escalated between upward and downward pressure.

Looking back, the 2 previous trades that cost me to lose money are due to not respecting the resistance/support zones.

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