Sell GU 16 apr 09

analysis :
gu look tired after long run to 300 pips. still remember the principe of wave master kg. if there is a big wave to up must have same level of wave to down. yin yang or something like that.
i enter when price going up litlle , making lower high n i think its time enter.
rules is strictly same KG RULES " open in upper bb flat,stop loss upper upperr bb n take profit at lower BB (but for me i look for condition).
well see ..
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Edit : loss 27 pips at 16 apr 09
analysis :
Loss is part of the businees BUT we must know why we Looss ?
the story is when I enter firs trade n locking that position. price go up again, my mistake is I open NEW position and not sure that price will go down again . it means to early put my sell position.
anither mistake when price going up again I put another new position n not wait until position confirm go down again.
I put another sell position HOPING price will go down again but still no sign that price will go down (attantion HOPING is not in OUR Dictionary when u TRADE, so Carefull..!!!).
I put Stop loss exacly at upper BB it easy for Price to catching my SL, make tolerance abaout 20 pips.
I left my position after enter to SLEEP, its not wise ,coz beside putting SL u must see the movement of MA 4h n 8h, for this condition ma 4h crossing ma 8h n going up. when u see that sign better to cut ur position to minimize loss.
What experience u get it ? :
1. carefull to add new position ,confirmation is a must.
2. dont let ur passion get into your trade.
3. patient is must.
4. never enter new position in loss trade.
5. cut positon shortly if sign that u againts price direction.
6. VERY IMPORTANT : HONEST 4 my Self that u made a Mistake ,dont blame to others even charts.
7. write it down, in ur blog even loss is very painful.

8. My Master always said : " keeP learninG brO..."