End of Day Review
-2.22%
4 trades taken.
0 winners, 3 losers, 2 break even.
10:51
Failed H1 MAB | -0.35R
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.
13:06
Price chasers trade | Breakeven +0.02R
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.
14:36
Failed M1 and M5 MAB | -1.89R
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.
