AI
Wednesday, May 04, 2011 8:06:02 AM
May 3 Breakout
Last night I set up 2 entry orders. One for the GBP/USD to go short and another for the GBP/JPY to also go short. Lot 1 was 1:1 while lot 2 was 2:1.
Neither were hit as a reversal seemed to materialize. Am I disappointed? Not at all. The entries are just as much about keeping me out as they are about getting me in.
Here are charts to show what my intentions were. Vertical line marks where I put in my orders.
GBP/JPY
GBP/USD
Last night I set up 2 entry orders. One for the GBP/USD to go short and another for the GBP/JPY to also go short. Lot 1 was 1:1 while lot 2 was 2:1.
Neither were hit as a reversal seemed to materialize. Am I disappointed? Not at all. The entries are just as much about keeping me out as they are about getting me in.
Here are charts to show what my intentions were. Vertical line marks where I put in my orders.
GBP/JPY
GBP/USD
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