EURUSD - LONG
Date: 16-May-2020
Win / loss: xx pips
Entry type: risk entry / reduce risk entry
Grade: valid / not valid / high probability
Status: forecasted / executed / missed
Was this trade forecasted before : yes / no
THE SETUP MEET ALL MY CRITERIA AND PLAN
a. Pattern within the pattern
b. 3 touched
c. Double top (2 touched)
d. Arc formed
e. Red/Yellow reversal candle (engulf), ensure it closed in TF in 15 Min or 1H
f. Checking risk reward and order level with regards to ROI
TRADE ANALYSIS
Looking at EURUSD, price is contained at the bottom of the structure looking to form Ascending Channel, more than 3-4 touched which indicated price rejection as strong support is there
PSYCHOLOGY
Good overall psychology, nothing to much to report back, clear frame of mind throughout the day
REASON FOR FORECASTED / EXECUTED / MISSED
Being watching this pair since last 2 days, waiting for best entry level
TRADE MANAGEMENT
Managing this on more of medium basis, need to provide trail stop for the trade once above 1%, Ensure to execute this trade solely according to my trading plan only, with regards to increase my confidence further and allow me to act based on my plan
EMOTION AND LESSON
Utilize the discretion at key area’s value, because this is where the priority should be the structure vs the candle formation Managing this on more of medium basis, need to provide trail stop for the trade once above 1%
Date: 16-May-2020
Win / loss: xx pips
Entry type: risk entry / reduce risk entry
Grade: valid / not valid / high probability
Status: forecasted / executed / missed
Was this trade forecasted before : yes / no
THE SETUP MEET ALL MY CRITERIA AND PLAN
a. Pattern within the pattern
b. 3 touched
c. Double top (2 touched)
d. Arc formed
e. Red/Yellow reversal candle (engulf), ensure it closed in TF in 15 Min or 1H
f. Checking risk reward and order level with regards to ROI
TRADE ANALYSIS
Looking at EURUSD, price is contained at the bottom of the structure looking to form Ascending Channel, more than 3-4 touched which indicated price rejection as strong support is there
PSYCHOLOGY
Good overall psychology, nothing to much to report back, clear frame of mind throughout the day
REASON FOR FORECASTED / EXECUTED / MISSED
Being watching this pair since last 2 days, waiting for best entry level
TRADE MANAGEMENT
Managing this on more of medium basis, need to provide trail stop for the trade once above 1%, Ensure to execute this trade solely according to my trading plan only, with regards to increase my confidence further and allow me to act based on my plan
EMOTION AND LESSON
Utilize the discretion at key area’s value, because this is where the priority should be the structure vs the candle formation Managing this on more of medium basis, need to provide trail stop for the trade once above 1%