EURUSD
Comment:
reduced trade by 10% because approach the daily 21ema
Comment:
Sl break even
Comment:
Comment:
ive tightened the stop loss a little but I'm letting it run. I closed the EURCAD trade (which i never should have opened)
It was naive to think it was going to break the daily EMA - i could have had 90% of my target 24 hours ago if i closed just above.
It was naive to think it was going to break the daily EMA - i could have had 90% of my target 24 hours ago if i closed just above.
Comment:
(But if i get a 4H close under the 4H EMA21 im closing
Comment:
im taking another 10% - i think i f**k with my trades too much...
Comment:
(there was strong volume on the push down 4H but it was rejected at 4H ema21). keep eye on volume
Trade closed: target reached:
Target reached
I never doubted this trade for a moment... not!
I never doubted this trade for a moment... not!
Comment:
LESSONS LEARNT
As with ever other trade i make, im messing if it too much. The trade went exactly to my TP but because it did not go in one neat run of great bars i started messing with it. I need to let the trade breath and not be too quick to panic if it turns around. Remember WHY i am in the trade - if the why is still valid get the trade the benefit of reasonable doubt. Use the alerts to tell me when the trade is near a location to take a little profit.
All in all, good work john - account is up 7% (+0.5% from the idiotic impulsive EURCAD trade i closed - don’t over expose on a currency!?!)
As with ever other trade i make, im messing if it too much. The trade went exactly to my TP but because it did not go in one neat run of great bars i started messing with it. I need to let the trade breath and not be too quick to panic if it turns around. Remember WHY i am in the trade - if the why is still valid get the trade the benefit of reasonable doubt. Use the alerts to tell me when the trade is near a location to take a little profit.
All in all, good work john - account is up 7% (+0.5% from the idiotic impulsive EURCAD trade i closed - don’t over expose on a currency!?!)
Comment:
NEXT PHASE - i think EUR has a ljttle more to give after consolidation