USDCAD 3.23-3.25 Trade Summaries
Entered 3 trades
Original setup discovered sunday night. break of structure lots of IPA to downside. Bearish bias created
Used fib and liquidity to find entries.
Trade #1
Didnt snipe purple zone but got in. Secured 3.5% Profit
Trade #2
Wanted to snipe a re-entry to continue the predicted move.
Set a limit before bed. and woke up SL'd
Trade #3
Saw a potential re entry and took it.
Later I felt bad about entering because it was the 3rd time, and it was sort of a revenge trade but i did have bias to be entering, and with 2.5% house money because i won the first and lost the second. overall 1% risk would of still been fine because i could of ended at 1.5 or secured another 5 and came out with 2.5 even with a ill placed limit loss in the mix. Great learning lesson.
I learned to pull out of any trade i enter ever. if i take the trade i take it. I do not need to know whats going to happen next to make money.
Original setup discovered sunday night. break of structure lots of IPA to downside. Bearish bias created
Used fib and liquidity to find entries.
Trade #1
Didnt snipe purple zone but got in. Secured 3.5% Profit
Trade #2
Wanted to snipe a re-entry to continue the predicted move.
Set a limit before bed. and woke up SL'd
Trade #3
Saw a potential re entry and took it.
Later I felt bad about entering because it was the 3rd time, and it was sort of a revenge trade but i did have bias to be entering, and with 2.5% house money because i won the first and lost the second. overall 1% risk would of still been fine because i could of ended at 1.5 or secured another 5 and came out with 2.5 even with a ill placed limit loss in the mix. Great learning lesson.
I learned to pull out of any trade i enter ever. if i take the trade i take it. I do not need to know whats going to happen next to make money.
Comment:
Update USDCAD sold off for 500 pips from original entry. I learned to implement twin trading to secure profits. and hold for more.