loss for the day limited to 56 pips. Its ok, The plan was followed...but that 20 pips to B.E must be dealt with. Or I always do it or I dont...
(main tgt reached 30 pips from system line...the precise amount... i was 4 pips away from tgt) no problem.
trailing a -36 pips loss. 18 pips at risk currently, aiming for 1.27 (1.2738 is the next structure high).
This is the last trade of the night. move stop to break even if 20 pips are given to us.
good execution, what ever happens.
We know form past structure levels that this is support. Will it hold or will it break?
important news coming out in 13 minutes. all the shorts are over 1.2651 (like mine)...and that could be a possible fake zone...that could push prices higher....
or it could break support and attack the 1.2600 level that could be run over....and reach 1.2590/85 level..
Maybe fuck all will happen on the news... nobody knows...or perhaps...I dont know.
For now, system says remain short under 1.2645 (.51), Lets see how all this turns out.
*If position reaches 1.2665 on scenario A, I will move my stop at break even.
*If that same leg pursues its up trend, and reaches tgt A, I must remove the scenario B order as the day is done.
If tgt A not reached, and 20 B.E trade is not offered today, my scenario A fix stop will be triggered, and my short position will be triggered at 1.2631.
There is no other price to go short with. The only way I will go short is under that line. Stop loss will be placed at 1.2644 and tgt will be 1.2600.
I will also move my stop to break even if 20 pips are offered.
If on the other hand, both trades fails, I will take my losses on both trade that I know in advance will yield or -28 pips, or -14 or 0 pips.
If corner play (scenario A) primes, I will win +30 pips, if compression shows up, I will win +30-14= +16 pips.
compression: +30 at +16 pips
rent: -14-14= -28 pips or -14 or 0 pips.
No decision to be taken what so ever. RR settings are safe (2:1) and we risk 1% of our capital that is set to 16 pips = 1% quantity.
Today the market offers 2% ...other times it will offer 4%/5%... On the other hand the risk will never change always at 1% per trade.
Lets go for it.