Friday, July 15, 2011

EURUSD 15 July 2011 Trade 1




























This trade was done in the noon Singapore time.

From chart 1, the Euro had traded off the ichimoku cloud earlier just before 1400h.

During the price retracement, took the opportunity to go short between 1425-1430hr @ 1.4153

I had made a very bad mistake as you could see from chart 2 where I placed the stop loss just at the kumo top. I was stopped out. Something I regretted later on.

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