1st July 2020

End of Day Review

-3.14%

3 trades taken.

0 winners, 3 losers, 0 break even.

13:32

Pair of M15 FIBCON losers | -2.22R

To be honest, I still like them! 

The first one had a good role reversal structure on the Yes Low level. Price did take more than 10 minutes to hit my stop loss (that I moved in order to let the M15 MAB come in play), but no level could hold bulls.

The second one was the FIBCON frim top to bottom, and having included both the 12281 level and the H1 moving average I had hopes.

It looks as if bulls just woke up after lunchtime! 

I guess the range we are on only allows trades either at the top or the bottom of it.. Let’s see if something else comes up. 

15:52

Failed M1 FIBCON | -0.92R

Unlucky? Never. I dragged my stop loss when the trade was 1R on my favor, but then thought “I said to myself I wouldn’t touch it unless I lock in profit”, so I put it back. Well, it looks like I set it back slightly slower than the original level, hence why it took me out by 0.92R  instead of 1R. 

Needless to say, it took me out and went down to my 2R target profit level. 

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