Wednesday, June 20, 2007

062007 - IFX - 15mins - Loss*Paper

Symbol: IFX
Type: Long
Entry: During the 7th bar
Exit: During the 13:00 bar
Result: Lost -0.12%

  • Once the Hammer has formed from the 3rd bar, I was eager to enter
  • But I wanted to wait for the rising 5eMA to get closer
  • I never had the chance for entry as prices soared during the 5th bar
  • During the 7th bar, the prices retraced a bit, and I took the opportunity to enter
  • The prices consolidated during the next 90 minutes
  • During the 13:00 bar, it fell through my already tightened Stop, resulting in a very small loss

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