Registered: May 2010
05-31-11 03:32 PM
In one minute it fell from 1.4405 to 1.4360. 43 pips. My suspension of the long side in previous post was then well founded. I would was ready to buy at 1.4358. I missed by 2pip. The bounce was 32 pips.
So two great trades were missed this morning. It would have led to around an 80pips gain in total.
I feel impatient, and since I would buy if price were to be 1.4355 area, I decided to scale in even current price is not desirable as entry, because I might miss on the long side if it goes higher first.
So I entered at 1.4387 with intention to add if it falls to 1.4355.