Forex trading 07/05/07

It's like I'm always wrong. Today lot of averaging but it wasn't in some mad emotional mode. I was pretty conscious about it all. For all my effort I was rewarded with 1 pip of profit. I don't know where will it go now I'm out. It looks like that I'm totally out of tune with ways that market moves lately. I don't read it well.

Today it started to go down, than up. I shorted it, I thought that highs of 635 will hold and that it will head lower like it started.



There were not much action so I hit the shower, when I got back position was 20 pips in the red. I reshorted. I trade with smaller position now calculating in my habit of averaging.

Yes it's trending up, but those moves don't look like nice regular trends that I'm used to see, It's funny movements now.



In the end when it broke barriers at 650 and stalled I got wise (or stupid) and doubled down with break even point at 643.

I planed to hold it if it went down really fast. But it didn't. Eur/usd was the slowest pair in that reaction. So I got out.

Another one of risk a lot break even trades.



My fault is that I don't trade technically oriented but intuitive or better to say reversal fight the trend style.
This look like ideal setup for long 6 candles after my first entry for my hindsight learning.


It's my fault that I don't look bigger picture.

It's pretty embarrassing to show all this, but it can just help me learn to trade better.