What i could have done to make this a better trade was, Wait for 30M and 1H candle to close. (8am) then enter on the break of that. Closed 50% as price came back to my entry point, closed the other half after 10 pips.
Entered on the break of the low on the 15M time frame. Price did not reach 10 pip profit before reversing to my entry point. I closed half once it came back to my entry point. Then, once it came back down 10-15 pips I decided to close the entire other half in profit. What i could have done to make this a better trade, was wait for candles to lose on higher timeframes.
Bias was initially bearish as I got on the charts at 7am but the ranges were small so I decided to wait for a potential correction to the upside. I executed when price began having bullish volume. What i could have done to make this a better trade was wait for 1H candle to close and enter trade on the break of the next candle. Overall very clean trade. 20 pips caught on GJ
BE PATIENT! do not be so eager to hop into a trade just because you wanted to take a trade. patience and consistency WILL pay off but more importantly remain self disciplined!
This was not the smartest trade to enter. 2nd guessed myself and felt iffy about the trade so i closed it. Do not want to get antsy on a Monday, we still have the whole week.
There was volume present in GJ today and it made me confident to execute this buy. What I could have done to be safer was wait for the the 30 minute to close and enter as the next candle broke its high. Closed entire position where I did because I had gained 1% and I did not want to get greedy with the market.
GBPJPY sell. Entered after 15M candle closed very bearish at support and next candle continued down with volume. Secured profits at 10 pips and moved my stop loss to break even. I got stopped out at break even. What i could have done to make this a better trade is, take that 15M support into account because the candle rejected that resistance and went up to my...
I closed my position when price was going against me bc i saw HARD rejected to the downside. But in the grand scheme of things i can now see that it was a potential retest to continue downwards. WE shall see later.
The bearish candle could be a retest so i would have preferred to get out of the trade and look for a re entry. of price breaks the area where i was seeing rejection.
Can not have be scared of closing trades early to avoid big losses. Even though it played out in the end, I was not liking it in the moment. You NEED to know how to keep your losses small and manage your risk.
This was a very clean setup, however volume was not there and price continuously kept getting very close to stopping me out. Managed risk repeatedly and did not loose the full percentage i was risking. Exited to look for re-entry when volume kicked in. It is also friday i need to take it easy, i jumped into this trade as i was waking up.
Entered a buy position based on the fact that i thought price would correct the move to the downside. Volume was not there, and i did not wait for candle to close i should have been a little bit more patient i was having bigggg fomo. managed risk lost $1 instead of the $5 that i was risking.
Clean and classic trade situation. Only thing i could have done to make this better was wait for a candle to close. Even though my impulse entry worked out, it very easily could not have!
