Friday, May 15, 2009

AEM


AEM was unable to break the PDH in the morning. 2nd bar was a red inside bar. By the time I saw this, it had already taken out the lows of the 2nd bar. I still entered AEM. I normally have a 50% FE target which also happened to be the daily pivot, 50 EMA. But today I had to set the target of 100% FE. AEM bounced off strongly from the 50 EMA and I exited my full position at almost BE. It feels bad to give away your full profit. I should stick with my trading plan. But the good thing is that, if I had set my normal target, it would have reached it.

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