Thu 1st November

09:36

GZ M1 Buy FIBCON, or M5? +0.50R

A reflection of where my mind is just happened: I was playing around with the FibToll looking for possible FIBCONs and MABs in the 5min chart (right) but at the same time I was following on the M1 chart what it could be a good retracement off the Hourly Bull Mid-channel and Yes High. Probably the last thing I did was adjusting something on the M5 chart when I saw price on the M1 chart reacting to the mid-channel and finding support on Yes High so I went for a trade!! 

However, the trade was executed not on the chart I was looking at, but at the M5 chart, the one I was probably working on with my mouse clicking on it!!

So I ended up taking a great setup with the wrong stop loss as you can see where my trade tool was in the M5 chart, placing my 2R way up. 

Although it wasn’t the trade I wanted, I liked the movement so I let it run till a reasonable level where I took half an R in profit.

It went considerably well, but my head is somewhere else so I’ll call it a day and close my charts.

Have a good day! 

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