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Old 05-27-2008, 03:48 AM
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Piphacker Piphacker is offline
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Join Date: Dec 2007
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Originally Posted by Piphacker View Post
Short On Usd/Cad @ 0.9890
Now see the screenshot ...well frankly speaking i was little overconfidence about this short trade as i was very much expecting the strong bearish movement coz U/C On one time seems to struck at 0.9898 /99 for a long time and clearly seems struggling hard for down flow also see that stoch was crossing from overbought area and heading down ...though o.9880/82 was a support line which actually didnt breaks but i was very much sure about bearish movement and enter for short on 0.9890 when price crossed down previous candle but when i see that price just taste its support level & was retracing back than i immediately closed with -7 Pip's though it didnt yet hit my SL but i most of times dont wana hang myself in trades in which price go against me & also see here my 0.9890 entry was not after the break but actaully before the break with my confidence ...
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