Friday, September 25, 2009
Can't Stay Away!
Last night I did some more studying and went ahead and took a short playing 1 unit at 1.6040. I placed a stop at 1.6090 and at the close today I was up 108 pips. So for the week I ended about break even. I missed a couple of good trends and my problem was wave count and trading against the trend. Trading against the overall trend when the trend is strong will kill you. I got caught up in this counting waves and thinking I was at the end of a wave because the fractals were complete. So I am still teaching myself this Elliot Wave Theory it will take a while to get consistant. Until Sunday evening goodbye all!
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