This is the breakout of a small triangle. This may result in a complete Fibonacci retracement. Dependent from the momentum this will gain it may become even more. But this is to early to be considered.
Transakcja zakończona: osiągnięto poziom stop:
This was afast fall back below earlier broken triangle. A clear false break.
Zlecenie aktywne:
I am re-opening this position. The euro is still promising.
Transakcja zakończona: osiągnięto poziom stop:
I am closing part of the position to reduce the further risk. It was not a good idea to re-enter the position. Once the breakout failed it would have required a clearer signal for a re-entry.
Zlecenie aktywne
Transakcja zakończona: osiągnięto poziom stop:
This was one of my worst deals. It has not been enough to close part of the position. The whole position should have been closed immediately. This was a clear beginners' foul. Never trade against the market. Always respect the stopps set. Simple rules. Knowing them for decades one makes them nevertheless from time to time. One shall not!