An awful day’s trading, trying to convince myself that I had found the low and price would soon turn around!
I want to make excuses, and say that this is a result of me trying to get back into the swing of trading after a few weeks away from the charts, but even so, these are trades I shouldn’t be considering. In my best run of form in the last quarter of last year, I was patient, passing on set ups unless they looked perfect and therefore making few, but quality trades. This is the mindset I need to get myself back into!
On the upside, I did manage to scrape back some of the losses with a +3.13R winner at the end of the day.
At the end of yesterdays session/ beginning of today, price seems to have been held and turned within the GZ, and at the confluence of the D1 EQZ midline and D1 Bear Channel midline.
Therefore, I think I will be looking at taking buy trades today, unless price action tells me otherwise!