It's half way through the month , so figured that I ought to post the results.
It's half way through the month , so figured that I ought to post the results.
How well did I do this week?Originally Posted by ;
I traded based on the higher time frames #8730;
I didn't over trade #8730;
I corrected my trades thoughts with market changes #8730;
This coming week I will concentrate harder in my execution, for the very simple reason that if I get a good entry I'm closer my SL , so the risk is decreased.
The second issue is taking profit in the beginning resistance and fretting about the other targets. For the reason , I'm in the company of constructing an account , so taking the probability quantity of pips is crucial, instead holding for the win that is probable. The markets aren't very cool nearly all and I am still working on discovering in which the SL's of different traders will be.
tomorrow I have identified two trade ideas that I will be considering looking at
went long NZDUSD
GU has done 30 pips above the weekly large, doubtful many stops are abandoned there.
EU has done 20 pips above yesterdays high, so if there is going to be a soda in USD , now is the time.
Closed NU
Left EU to operate locked in daily target profits
I am still short EURUSD but as the Setup is here on EURCAD I thought I'd take a small position
Finished looking at the charts for the day.
I took profits on EURUSD and I've transferred the SL to BE on EURCAD. Do not mind if it stops me out as the ideas was not to lose anything from the London session.
I'm effectively flat and very happy with my reading of those markets.
Getting from this NZDUSD at the weekly open was the key, as that focussed my attention on the EURUSD and GBPUSD. None of them seemed like rallying today. Maybe now at the Beginning of London however not into the US session.
Longer time period idea for EU.
I can not hold over night/weekend. If I could that would be my current idea.
Opening up into an H4 and my thought over could be completely wrong, if we only reversed out of the trading range of the larger consolidation.
This is the reason why I don't hold for lengthy periods of time.
This mornings trade notion
obtained stopped out of this trade.
I need to work out just how much of the travel also the range is providing the bias