Forex Trade Review - 12/27/05

Well, it looks like my forex trade stopped out today...can't win them all as they say. Here's the chart:


The reason I took the trade was because it was in a downtrend, it appeared to bounce downwards away from the 100 sma, and the economics of the forex trade sounded pretty good. Now, I saw the long wicks in the candles before the trade, but I was convinced that it would still go downwards. I guess it's a good sign in the shorterm of the turn around. Hopefully another lesson learned and I won't make the same error in the future. As far as a new trade idea, nothing good at the moment. I will update in the morning. Good night!