Yesterday I entered in a long EUR/AUD position partially because we have made a new swing high but more important because we are in a strong bullish trend. After we broke the last swing high market has retrace back into the range and I thought this is a good opportunity for those who missed the trend to get back with the general direction. Unfortunately I realized I don't have enough margin to carry this position over the weekend due to the fact that I was holding another position at that moment and my account balance wasn't high enough to cover the margins.

Due to this facts I tried to protect myself and move my SL as close to the market as possible, but because this position has moved against me I've got out with -11 pips which was quite good if you look at the price action, basically it was the best price I could have get, so I'm pleased with it, but I should have known first that I don't have enough margin to carry this position before to even enter in the market.

Yesterday we had some crazy movements in yen pairs, EUR/USD and GBP/USD as well, more likely due to thin liquidity even small position could have moved this market and we already saw what dramatic impact can have on the market. I didn't expected to see this move come and unfortunately I couldn't react so quickly to take advantage of this moves, but as far as I saw some other traders have been very lucky .

PS: Unfortunately I can't upload a picture it gives me some error.

Best Regards,
Daytrader21.
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