I entered two shorts on the DAX. I sold 1 lot Bar1 on the pullback into the bearish gap but closed the short at Bar2 at break even as there was no sign of follow through selling. I re-entered the short at Bar3 on a small bearish pin bar as the index rejected the upside at the session high. I took profit at my initial target near the morning’s low. Nonetheless after some sideways price action the index extended its downside so I have missed the bulk of the price movement. Profitable day but another missed opportunity.
EUR/USD: testing key support
This entry was posted on Thursday, February 24th, 2011 at 10:19 am and tagged with confluence, EURUSD, fibonacci, priceaction, trend and posted in journal. You can follow any responses to this entry through the RSS 2.0 feed.
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