Time of entry: 4PM
Reasons for entry:
- Proper B&R of res now support
- new higher low formed
- rejected fib golden zone
- rejected 200 EMA and closed back above 50 EMA
- Morning star as entry with stops just below doji wick
Lessons learned: I was already in a Buy on EURAUD and so selling this means i needed a weak enough AUD for my EA trade to go my way, but a strong enough AUD for this to go my way so i was betting both ways on the AUD. for this to work, I needed very specific things to happen and so i was playing on hopes and dreams.
DONT COUNTERACT TRADES AGAINST THEMSELVES UNLESS EVERYTHING IS THERE, just pick out the best looking one with the highest RR.
Reasons for entry:
- Proper B&R of res now support
- new higher low formed
- rejected fib golden zone
- rejected 200 EMA and closed back above 50 EMA
- Morning star as entry with stops just below doji wick
Lessons learned: I was already in a Buy on EURAUD and so selling this means i needed a weak enough AUD for my EA trade to go my way, but a strong enough AUD for this to go my way so i was betting both ways on the AUD. for this to work, I needed very specific things to happen and so i was playing on hopes and dreams.
DONT COUNTERACT TRADES AGAINST THEMSELVES UNLESS EVERYTHING IS THERE, just pick out the best looking one with the highest RR.