Same Setup but a Loss

June 23, 2006 by Trader Rich 

I'll explain later but I want to bring up the subject of entering and profitable exiting based on a particular setup earlier in the week and then entering the same setup when it shows up AGAIN at the end of the week.  This happened with my USD/CHF setup that I profited 92 pips from 2 days ago.  I entered short again last night and was stopped out (-25 pips or so.)  Look at the chart.  We have broken out above of the bearish flag.

I'll wait for the pullback and maybe go long next week.

sp32-20060623-082014

 

 

 

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