EURUSD
May 30
Failed trades
Logic coming into today was Price would reach for equal highs liquidity, which I tried to trade wasting valuable mental capital on a swing with a small pip reward.
I went long for equal highs not once but twice, anticipating to then short for the London sentiment
*21:00 entry anticipating a long to equal highs risk to reward was 15 pips I suspected a swing to the higher high at price 1.13923 target
*Came back on me stopped me out
Embarrassed to write this out and yet lets go!
*20:21 super revenge trade on my idea so low brow move same thing longed at a stupid time and got stopped out after it took session liquidity, and rolled over
Broke rules
*never buy in a premium
*only trade macro times
*suppress the urge to revenge trade
*always trade after liquidity is taken
Notes for failed sells I took that were poorly executed
London Macro
2:00 entry with a 5 pip stop loss-stopped out
2:15 entry with a larger stop loss and came back again
*Lack of trust in my bias after a dismal morning adding to over analyzing
*Broke my rule of1 to 2 trades a day
*If I would have taken the time to just review the morning cross reference DXY/GBP and had faith that my logic was correct both 1:45 and 2:45 provided entries
*I witness the value of getting in early and yet when its right there I freeze
*Focus on sound logic to reframe your confidence
*stick to bias and follow through
*Your idea played out and you were too eager and excited to trade-learn to calm and stay focused
*small stop loss were employed, if I would have stuck to my bias in Asia and London today would have been a large success
*greed in the morning captured me with wanting both swings-1 swing at a time
*fear of more loss prevented a larger stop loss which at 2 macro would have held me in the trade
May 30
Failed trades
Logic coming into today was Price would reach for equal highs liquidity, which I tried to trade wasting valuable mental capital on a swing with a small pip reward.
I went long for equal highs not once but twice, anticipating to then short for the London sentiment
*21:00 entry anticipating a long to equal highs risk to reward was 15 pips I suspected a swing to the higher high at price 1.13923 target
*Came back on me stopped me out
Embarrassed to write this out and yet lets go!
*20:21 super revenge trade on my idea so low brow move same thing longed at a stupid time and got stopped out after it took session liquidity, and rolled over
Broke rules
*never buy in a premium
*only trade macro times
*suppress the urge to revenge trade
*always trade after liquidity is taken
Notes for failed sells I took that were poorly executed
London Macro
2:00 entry with a 5 pip stop loss-stopped out
2:15 entry with a larger stop loss and came back again
*Lack of trust in my bias after a dismal morning adding to over analyzing
*Broke my rule of1 to 2 trades a day
*If I would have taken the time to just review the morning cross reference DXY/GBP and had faith that my logic was correct both 1:45 and 2:45 provided entries
*I witness the value of getting in early and yet when its right there I freeze
*Focus on sound logic to reframe your confidence
*stick to bias and follow through
*Your idea played out and you were too eager and excited to trade-learn to calm and stay focused
*small stop loss were employed, if I would have stuck to my bias in Asia and London today would have been a large success
*greed in the morning captured me with wanting both swings-1 swing at a time
*fear of more loss prevented a larger stop loss which at 2 macro would have held me in the trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.