FX:EURUSD   Euro Fx/U.S. Dollar
123 4 4
With a fairly nice R/R
Sometimes it´s good to be a little late.....
RSI is also overbougth...

This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye.. Good luck to everybody in the markets.
Trade closed manually: I made an error...... see next post
Comment: I had been away from the computer all day. Finally when I sat down and checked the market I found this Cypher. It had pushed beyond the point of entry so the risk/reward was nice.
I entered at market, then I checked the Forexfactory for news. I noticed that major new is to be released for USD at 14.30 my time. My rules say that I need to go flat any daytrades 15 minutes prior to such release so I exited ASAP.
I could have donw two things here.
1. Follow my rules and get out right away.
2. Stay involved, since the risk / reward was so darn good.

I choose to follow my rules, and will always pick the option that follows my rules, no matter what.

Feels good :)
I had been away from the computer all day. Finally when I sat down and checked the market I found this Cypher. It had pushed beyond the point of entry so the risk/reward was nice.
I entered at market, then I checked the Forexfactory for news. I noticed that major new is to be released for USD at 14.30 my time. My rules say that I need to go flat any daytrades 15 minutes prior to such release so I exited ASAP.
I could have donw two things here.
1. Follow my rules and get out right away.
2. Stay involved, since the risk / reward was so darn good.

I choose to follow my rules, and will always pick the option that follows my rules, no matter what.

Feels good :)
Reply
Nice one Johan, not sure why i overlooked this this morning
+1 Reply
Thanks, I did however mess up and got involved, missed that news was coming out. A graceful exit took care of that :)
+1 Reply
Akil_Stokes PRO johan.larsson
That's great management
+1 Reply
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