ForexDreams

EURUSD - WHERE I WENT WRONG

FX:EURUSD   Euro Fx/U.S. Dollar
64 0 4
EURUSD - WE GO LONG


I started off the day with the right idea and then I switched my game plan and ended up losing 50 pips trying to go short prematurely.

What happened?

1. My preferred timeframe is 2H, however I seem to have been mostly using the 30M today. Lower timeframes have more noise and can lead to confusion which is exactly what happened.

2. I placed two Short trades today, one was mostly a gamble which I quickly cancelled for +3 pips upon realising it, the second I placed the entry to close to price action and it got triggered for -50 pip loss. It should have been 10 pips below the previous low. Both trades were placed using the 30M timeframe.

I threw out my initial idea and confused myself on the 30M timeframe. All in all a complete mess. I knew last night what price would likely do, yet I got caught out like the rest of the trading sheep.

Not happy.

United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out