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Old 11-22-2007, 05:38 AM
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This is where the first of my stupid trades happened. As price was stalling near my 225.00 line on the way up, I decided it would be a good idea to go short, anticipating a rebound. It looked good at first, but my target was 40 pips this time. Had it been my usual 30 pips, I would have been fine, but after dropping about 31 pips below my entry point, it turned around, crossed the 225.00 line and went up for a while. I closed at -40 pips. Had I waited and taken the trade properly, or even just reversing my position as it crossed, I would have made another proper profit instead of a loss.

Improper trade #1: -40.0 pips

Total for the week: +25.8 pips
Target for the week: 100 pips

Improper trades (1): -40.0 pips
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