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Thursday, March 14, 2013

No open trade for this Friday night.

Last night trading refering to economic release did not give any favourable profit.  I am currently on the loosing mode because I left my trade opens, have not set any stop loss for it.  But this night, I hope that the situation going to be better.  Looking at the EURUSD daily chart, the bearish trend should continue after the release of the positive value from the US PPI which I intrepeted an opportunity to open sell position even though the stochastic shows an oversold condition.  Well, I am not afraid of loosing further because I have experienced this so many times.  After a few days or weeks, the price will reach the target anyway.  I only have to get rid of the emotions and the urged to pull the handbrake.

This night, I will not trade, because I have open position set up yesterday.  I will just look into the economic report whether positive or negative for the US Dollar.

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