Wednesday, January 7, 2015

7 Jan 2015: Daytrade #2

I lost this trade on the AUDUSD. Price returned back to resistance, and I saw what looked like a strong rejection. I went short on the break of the rejection's low with a tight stop loss (3 pips), hoping stops would trigger below here. I got stopped out myself shortly after entry. 

The trade never really went my way, so the tight stop loss got me out quickly. 

Did my two trades, so I'm out for the day.

(click to enlarge)

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