End of Day Review
-2.22%
4 trades taken.
0 winners, 3 losers, 2 break even.
Price has beeen pretty much on a range after a sudden move up initiated around 9AM.
I thought that the H1 would offer good resistance, but it wasn’t as effective as I anticipated.
However, I was slightly above 1R at some point, but then price came back up to test previous highs. I locked profit initially on at the breakeven level, but then moved it to above PM High looking for some structure to aid me. It just didn’t work.
Rule #1 is that we don’t know where price is going to go. However, sometimes I feel like there is pressure to go in a particular direction.
I feel that price really wants to move down, but I was clearly wrong on those trades. I managed to exit at breakeven levels to avoid damage, but they could have been two losers.
Let’s hope the bell in US brings us more action.
Certainly not the best way to finish my day.
USA opened, price started moving very fast, and I made two poor decisions.
Wouldn’t take them again, it shows how fast you can lose money in the market.
