Daily Wrap Up - 12/06/2012

So after a couple of days of chop, I exited both my trades without waiting for the stop loss. Price action setups stalled and then reversed completely to neutral positions. My perspective: do i risk the remaining capital for what was probably less than a 50/50 chance that the trades may get back into profit, or do I take the loss and wait for the next opportunity.

Decided to close out both trades. Definitely saved some pips on the NZD/USD setup, and currently have saved 30 odd pips so far on the GBP/USD setup.

Back to the waiting game...