End of Day Review
-1.35%
2 trades taken.
0 winners, 2 losers, 0 break even.
This one just didn’t work out, I guess it enters into the probabilities side of it.
Note how price literally touched the bottom of my trade entry, I still can’t explain how it didn’t take me out.
When I saw buyers driving price up and price holding above my entry level, I felt there was enough buying power in the market to keep going.
That was partially true, but it only manifested itself after another test to the bottom of that range unfortunately.
After being I’d say -0.99R, I could have taken profits when the trade became a 1R winner, but I really thought price was showing enough strength to continue up.
This is a structure I need to keep monitoring in order to trade it live. 2R were relatively easy to achieve even with a stop loss below the low of the day.
