The majors didn't offer many attractive setups to my eyes during the UK session.  A series of lower highs made for an appealing setup in the EUR, but he gains were modest.  As price reversed to re-test the Asian session lows once more, we are closed - protecting our profits.

One thing a trader never wants to do, is let an acceptable level of profit get away and  turn into a loss.  In this case, we had a wicky candle which warned us to tighten and continue to tighten our profit stop.

 
Good luck with your trading!

Back tomorrow if we can find a trade.

Michael  www.privateforexcoaching.com
Share this article :
 

Post a Comment

 
Support : Creating Website | Johny Template | Mas Template
Copyright © 2011. Forex Tips and Tricks - All Rights Reserved
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger