EURUSD Long 2:1 RR Day-trade

Following 2 of our trades didn't work out we have a EURUSD setup brewing.
Order set at 1.01722 with a 14 pip stop at 1.01591.

Comment:

**DISCLAIMER:
My style of trading is Day-trading. Average trade duration is 1 hour, median duration 29 minutes.
I NEVER risk more than 1% per trade. Risking more than that is disastrous.
Trading like that involves quick decisions based on fast candle developments such as 4M and 15M. Early exits is the norm. I post this information mainly for myself to guide my thinking process, but if you use it for your own educational purposes it's solely your responsibility of your trading. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice. **

Comment:

Pullback is still happening. Will see how it goes.

Comment:

I'm gonna step out for lunch break.
Will update in 30 minutes if there is anything needed for update.

For now the entry remains at 1.01722 and stop at 1.01591.
As always if we get a MTF (15M) bad candle -> we will exit early.
Otherwise we manage from there, that is we simply get a pullback in the first place.

Comment:

Still pullback going on.

Trade closed manually:

Price broke previous swing high.

Order is removed.

2 trades for today: -0.42 and -0.15. Still riding that variance on the negative side, but it's okay as we gotta manage the risk and simply take setups when they present themselves. Thus allowing for probability to work out and enjoy the ride of winning trades.

Comment:

50 minutes till end of trading session.