EU - Active Trade - Indecisive direction (indecisive trade)
Active trade, but only a partial position open at this time. I lacked patience and discipline with this trade. I knew it at the time and that was the reason for only opening a partial position. In hindsight, it was still a poor decision and I should have remained on the side lines.
I've lacked some patience this week in a few trades and it's especially true in this situation. As a result, this is a poorly executed trade for multiple reasons. My entry point was a poor entry point regardless of the direction. Further more, there is/was too many conflicting signals on the charts.
Even though the trade was poorly executed, I'm going to let this play out for a little longer. Since this is only a partial position, I am risking less than .5% of my balance. I'll probably move my SL in to further reduce the impact of a poor trade.
1W: Indecision point. Based on WKLY, no clear direction, but ST, prone to the upside.
1D:
4H:
1H:
I've lacked some patience this week in a few trades and it's especially true in this situation. As a result, this is a poorly executed trade for multiple reasons. My entry point was a poor entry point regardless of the direction. Further more, there is/was too many conflicting signals on the charts.
Even though the trade was poorly executed, I'm going to let this play out for a little longer. Since this is only a partial position, I am risking less than .5% of my balance. I'll probably move my SL in to further reduce the impact of a poor trade.
1W: Indecision point. Based on WKLY, no clear direction, but ST, prone to the upside.
1D:
4H:
1H:
Trade active:
Adjusted SL to make a risk free trade. Also adjusted TP.
Trade closed manually:
Adjusted SL hit.
Even though this was a poor trade, ended up with a very small 8 pip gain.
RESULTS: Net Neutral Trade
Even though this was a poor trade, ended up with a very small 8 pip gain.
RESULTS: Net Neutral Trade
