Thursday, July 30, 2009
i just entered a trade at 1.4125 short eur/usd because at 10 minutes there is a negatives divergence on stochastic and a bear engulfing pattern happened confirming the previous bear engulfing which mean confirming resistance and at 1 hour it create a bearish engulfing. today eur/usd trend is down by seeing 3*3 MA
the trade end up with a lost 
and the mistake can be seen on the chart that i forgot the support area which means my mistake is on the risk and reward ratio. though the 1 hour chart show a bear engulfing but it doesn't confirmed by my stochastic, and the adx show me that the trend is still strong for uptrend. 
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