Sell GU 2 feb 09

Sell GU :
1. daily flat.
2. 4h n 8h already down.
3. price below 4h n 8 h
tp 70 pips sl 30 pips at upper bb daily
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Edit :
cut loss 30 pips :
review why mistake :
1. Price still up condition. when u look bb weekly still bullish.
2. even 4h n 8h crossing but is not indication price will down.
3. when u see bb mothly still price have change to move up break middle bb monthly.
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Edit :
review of my entry sell GU :
my mistake is
1. I put SL at near upper bb, should change my sl at upper ma 4h n 8h.
2. price usualy going down in deep,but usually will up litlle , so wait price going to near bb
and or at bb to make Open position.
3. 4h n 8h convinced that price will going down.
4. better look ma Folower to enter the Trade, Safest trade..I think.
so... dont make another mistake... Keep learning bro.
Picture will give u more :