EURJPY LOSS

EURJPY LOSS
10th January 2018 contacttf
The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

I have been chasing a position for some time. This hunting mentally put me on the back foot.

There was no clear entry according to my strategy.  I forced this position through.

The trade did not work, and the position was closed out shortly for a loss.

In short, I deserved this, and I must learn from it.

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