Wednesday, September 23, 2009

Cable Stop


Trade was stopped out when price broke thru the trend line.

When I looked back, I realized that I had entered the trade without waiting for confirmation that price had indeed reject the trend line (post -raya blues, maybe?).

I need to remind myself that my game plan has always been about REACTING to price action, not ANTICIPATING what price might do (that's basically hoping)!

This time I broke my rule, and I paid the price.

No comments:

Post a Comment