Posts Tagged bear trap

Following on from previous GBPJPY and some trading psychology thoughts

Following on from previous GBPJPY and some trading psychology thoughts

The chart shows what happened after I closed. The price action looped ripe for another entry short to ride the market lower but I felt anxious.... I am just not sure what it is but my instinct tells me to be careful... I attribute it to a couple of things, all trading psychology related: The possibility of losing my 47 pips that I have already made.. it's always nice to finish the week a winner! The re-entry looks too obvious a trade... a bear trap perhaps? Maybe I am thinking to

June 12, 2009 No Comments Full Story