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| EUR/USD four-hour chart, source:KR futures |
Before the recommendation of Short or Long Position, I should admit that I'm lost because of my greed.
I told you that the price of EUR/USD, one of the major currency pairs would end up in a downtrend and enter the congestion zone. And I recommended just to watch the market till we are hinted the new short-term trend.
But I ignored my analysis and got the short position. As you guess, my trading was cleared up as a loss. While I expected the fall of price, the price rose. And the currency pair plunged again after my position was cleared up by fear.
The market is run with human greed and fear. This trading was made by my greed and finished by my fear recording loss.
The market participants should focus on the money management including the risk management rather than market analysis and trading skill, I'd like to tell you.
You can send an e-mail to kmuk001@gmail.com for inquiry.
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http://morgenluft.blogspot.com
Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화
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