Wed 27 Feb 19

16:14

M1 15min MAB | Sell | +2.01R

A tight Stop Loss made for a quick profit with this trade, which was lucky as price went against me not long after the trade was exited.

I felt that the confluence of the M5 EQZ, H1 Bear Channel and 15min MAB were enough to take this trade, with the intention of taking profits above the D1 Bull Channel and the 1min and 5min emas.

15:10

M1 failed SUPCON | Buy | -1.07R

Tue 29 Jan 19

12:40

M1 failed M5 MAB | Buy | -1.98R

Another silly decision. I probably should have stopped trading after my last trade, showing I wasn’t in touch with the movement of the market.

Time to stop for a bit and get my mind in the right place!

08:40

M1 failed 5min MAB | Sell | -2.16R

This one hurt a lot, with a massive price spike leading to me losing more than twice my initial risk.

I think I deserved this though, and it’ll teach me for next time.

The set up was good, but looking at the higher timeframe context, this was a bad trade, and I knew it! I had the chance to exit the trade, but held onto it with HOPE that it might come good. I have mentioned before that as soon as I start hoping, I know it’s going to go wrong!

The higher timeframe showed price making the bearish move to fulfill a 61.8 Fib retracement, shown in the screenshot below, and it was obvious that price would then begin to move upwards again.

I knew this at a time, but did not react to what the price action was telling me. Stupid!

Mon 28 Jan 19

16:11

M1 failed 5min MAB | Sell | -1.00R

12:05

UPDATE: M1 failed 15min MAB | Buy | -1.08R

If not for the fine margins in my loss, I’d have achieved the +2R I was looking for!

The 1hour MAB was the trade I should have been taking here. For this screenshot I’ve moved the 50-61 Fib level of the bigger set up, and this is probably what I should have been trading off.

I thought I had covered myself enough with the Stop Loss on my trade, but it wasn’t quite wide enough.

10:54

M1 failed 15min MAB | Buy | -1.08R

A decent set up, and good confluence from the D1 EQZ and D1 Bull Channel midlines, the 15min ema, and the 1hour ema just underneath.

My Entry and Stop Loss were at Role Reversal levels, and I was looking to take profits at the H1 EQZ.