Mon 01 Oct 2018

13:22

M1 5min MAB | Sell | -0.99R

This trade was an emotional reaction to losing 1R on the previous trade. I would not take this trade again, as the keyzone had proven to be good support, and most probably would not have taken the trade had I not just had a loser.

13:03

M1 5min MAB | Sell | -1.00R

I needed a bit more patience with trade, which would have given me a better value entry. I only extended the GZ after I had taken the trade. In hindsight, I should have used it to better position my stop loss.

11:47

M1 5min MAB | Sell | +2.00R

The 1min MAB looked tempting, but this time I listened to the voice in my head telling me to watch out for the higher timeframe structure. I decided to prepare for the 5min MAB, expecting the 4H ema to draw price towards it.

The first thing I did was pull my profit target down to just above the 1H ema + 5min bear channel, at the bottom of the screenshot. As price hesitated  at the keyzone, I manually closed the trade for +2R. Recently I have got greedy and missed out on 2R, looking for more and I did not want to make that mistake again.

11:13

11:19

M1 | Sell | -0.76

M1 | Sell | -1.11

Two bad trades, attempting to trade a 4H MAB.

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