Sunday, November 06, 2005


I attached a chart of my system visuals always help :)
Currency pair Eur/Usd from Nov 4th after non- farm payroll release very quick rally followed by strong bear downward movement. I jumped in on the rally at a terrible price :( thought the price movement was stabilizing and commited upward but it dropped and because I overleveraged my account I hit the margin and my position was liquidated :( my greed got the best of me. But I did not give up I jumped in on the reversal move I paid closer attention to support levels and recovered 50 + pips to end the day with positive pips. Saved by the bell. I'm still learning the lesson to cut your losses short.

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