Hope everyone gained their max PIPs today. I sure did not. My thoughts on the EUR/USD dropping after the 4 month high didn’t work out the way I thought…so I was trying to ride out the storm until I got tired of it. It was a nice learning experience though to see how much movement is possible.
Oh I got through elementary school halfway in the PIP school. You guys are awesome for putting that together. As I was monitoring things I was able to pinpoint and identify some of the candle structures. Not to the point where I was going to be able to utilize it yet :). Long story short now I understand why a stop loss may be a good thing. I could have gotten out early on and re-enter with the reversal (buying instead of selling euros). Boy I got long ways to go…
Happy Friday and the rest of the weekend!!!