Here my trade today (red vertical lines entry/exit) :
½ half = +20 pips.
½ half = 0 pips
Set up :
Because today is full of important news I decided to use M15 as higher TF instead of H1. Eventually I am going to wait for H1 confirmation but ready to go out quickly.
M15 PA below MA
M15 matrix 4 red
Arrow is ON
time : beginning of London session
additional notes : PA bounce from daily pivot (blue line)
Entry :
M5 PA below as per RJ input (first red bar open below MA) + trendline Breakout
M5 matrix 4 red
Stoch overbought --- Warning !!!
Arrow is ON
Comment : This entry is too late for few bars. I waited the white trendline breakout before entering. Probably it would be better to wait for better conditions at retesting. See some bars later. (My Mistake)
Exit :
I closed ½ lot of this trade because PA was not so strong close to 1,25, stoch crossover up and the most important news of the day were knocking the door.
Because I don’t know how to trade news I preferred a zero risk trade moving in BE the second half.
Feel free to comment.
I know that now is simple to judge and make the right decision … but any suggestion on tactic will be appreciated
ciao
½ half = +20 pips.
½ half = 0 pips
Set up :
Because today is full of important news I decided to use M15 as higher TF instead of H1. Eventually I am going to wait for H1 confirmation but ready to go out quickly.
M15 PA below MA
M15 matrix 4 red
Arrow is ON
time : beginning of London session
additional notes : PA bounce from daily pivot (blue line)
Entry :
M5 PA below as per RJ input (first red bar open below MA) + trendline Breakout
M5 matrix 4 red
Stoch overbought --- Warning !!!
Arrow is ON
Comment : This entry is too late for few bars. I waited the white trendline breakout before entering. Probably it would be better to wait for better conditions at retesting. See some bars later. (My Mistake)
Exit :
I closed ½ lot of this trade because PA was not so strong close to 1,25, stoch crossover up and the most important news of the day were knocking the door.
Because I don’t know how to trade news I preferred a zero risk trade moving in BE the second half.
Feel free to comment.
I know that now is simple to judge and make the right decision … but any suggestion on tactic will be appreciated
ciao
You control how you trade; the market controls how and when you'll get paid