ForexDreams

EURUSD - WHERE I WENT WRONG

FX:EURUSD   Euro / U.S. Dollar
64 0 4


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.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out