My daily bias was bullish as it looked to me that we would sweep the previous weeks high. I went long then got stopped out and held my position for a loss which I should of cut and re-examined, I also got a bit greedy and hopeful. Market went red and bearish so I scalped a quick impulse sell off and exited appropriately to make up for my drawback days, also didn't want to lose out on points and become more greedy, I took what the market gave me. I then saw that the market was reversing when the SSL was swept and flipped it as a support. I marked out the new BSL and FVG and entered long with a larger positon of 2, 1 for exit and 1 for a runner which I am incorporating in my strategy. I did however not stick to my FVG target and cut my winner short again like yesterday. I am confiden in my levels at the moment with what I am paitning on the charts, however I need to look more into Bias and become more confident is entry and exits - this comes with time.
Learn to hold winners
Wait for double confirmation on strategy (discount retracement + FVG filled)
Cut my losers quick if it doesnt go my way
Dont be greedy
Look at the higher time frame
Dont trade news, always check (I did not realise this today)
6.5/10
Learn to hold winners
Wait for double confirmation on strategy (discount retracement + FVG filled)
Cut my losers quick if it doesnt go my way
Dont be greedy
Look at the higher time frame
Dont trade news, always check (I did not realise this today)
6.5/10