Today, My daughter's birthday. She stepped into three. Usually I could not spend time with her. So I decided to be with her all day. I managed to see the chart for a little. I just want to share what I found...
 |
| Figure 01: EURUSD 5m chart. "Tokyo open" |
 |
| Figure 02: EURUSD 1H chart |
38 pips gain after a open in gap down following last weekend. I had a long order kept open. Price after opening with a gap down, went sharply up to fill the gaps of prevous week's gap almost.
 |
| Figure 03: EURUSD 5m chart. "London open" |
Then, I don't know what the hell happened, I took a long trade from nowhere.
 |
| Figure 04: EURUSD 1H chart |
I grabbed 12 pips though. But this type of trade destroys trading and wipes away the balance. The set up was prepared for a short entry. I had a sell limit order but missed by few pips. Perhaps this made me frustrated and out of this I got into the long trade. I should control such emotions.
Look the short entry I missed could gave me the trade of the day with more than 100 pips.
 |
| Figure 05: EURUSD 1H chart |
Total pips gain today: 38 + 12 = 50.
Today I haven't actually traded with 5m force strategy. Just monitored the market.
No comments:
Post a Comment