Trading Day Recap for 01/03/2011
Today was my first day back trading after a 2-week vacation for the holidays.
The day started pretty quietly. The Pound did not have much movement. I saw a gap lower on the chart and no follow through. That indicated to me that very low volume was present. I focused my attention on the Euro.
I made three trades.
Long @ 1.33236 - Stopped out @ 1.3315
- Was trending down in the channel, I thought it would bounce off the lower band of the channel but the trade was invalidated. Lesson : Do not fight the trend
Short @ 1.33139 - Stopped out @ 1.33163
- Attempted a small scalp but was invalidated pretty quickly
Long @ 1.33224
- Exit 1 - 1.33338
- Exit 2 - 1.33312
