Firstly, last night, I believe that breach of the channel is strong enough and that the trend has now reversed for the G/U. What really amazes me is how the the market almost doesn't take a direction until a certain 5-15 mins block when everyone suddenly depresses or affects the charts by selling/buying in sync. And the charts stand witnesses to unknown times of that occuring. I mean, look, the G/U can drop 100 pips for no apparent reason.
I think this short position I entered is not well analysed enough...instead, I should have waited for the market to challenge the previous channel, now as a resistance level, then I can be fully convinced the trend has reversed. But it's all the same, since I can always add to the amt I used to short should the price go higher.
During my free time yesterday, I managed to look thru some resources for forex traders on the web too. Some interesting guidelines but I need more time to consider and incorporate them into my trading habits. Particularly, for those who are new to me, here's one article that can guide you while we are feeling "lost".
http://investing- software. com/commentary/ articles. html?next= 1183
Enjoy your Valentine's Day guys! (and girls/ladies too!)
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