Monday, October 22, 2007

My Botched 'Nirvana' Trades

Hey, it's 'nirnava' type setup again!

AUS/JPY 5 min


EUR/JPY 5 min


However, I managed to botch them up due to my early entries. I only risked a very little on them. I always know that this kind of setup is speculative type but of high return.

A wiser thing to do is to enter half position first at 100 EMA (red line) and then another half if the price really shot up to 200 EMA (gold line).

Let's keep learning.

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