EURUSD falls below the daily tech
On a day like today, when I bailed on a trade I didn't like, there's always a thought at the back of my mind that I want to see my actions justified. I want to be proved right by seeing the price continue going in the opposite direction I traded, after I got out
That's happening now in EURUSD as it falls through the last of the tech levels I was watching
EURUSD daily
Ok, it's only gone a couple of pips below the 55 dma but I take comfort from the fact that I'm not still in the trade kicking myself that I should have got out sooner. This trade hasn't been a big one but the fact remains that we should have the same discipline over every trade we do, and if something doesn't feel right there's absolutely nothing wrong with taking a small loss if it saves you from a bigger one
Trading is all about evolving and that's a subject I spoke to TipTV about this morning
The ForexLive team have been hitting the media recently and you can catch all our appearances, and much more by subscribing to our Youtube channel
That's me done for the day so I wish many pips to those of you still going
