Good morning all,
Owing to a family commitment that has arisen, today, unfortunately, will have to be the last day of this journal for the immediate future as I will be taking a break from full time trading for an indefinite but probably somewhat extended period.
So, I will post this morning’s trades as I go along and finish off with a short review of trading in this now mini-journal. After last evening’s bonus nice winner we start today, perhaps predictably, with a losing trade in EUR/USD:
We see a well defined trading range that is broken modestly to the downside before returning sharply into the range. I am playing for an early morning fake break so going long at 84 on a 7pt stop at break low with a 1:1 target just shy of the range highs. This proves itself to be a fake move and I am suckered long as the down move re-establishes itself and I am taken out at the stop for a 1:1 loss.
Time for a coffee break and return to look for an opportunity to recover matters
Owing to a family commitment that has arisen, today, unfortunately, will have to be the last day of this journal for the immediate future as I will be taking a break from full time trading for an indefinite but probably somewhat extended period.
So, I will post this morning’s trades as I go along and finish off with a short review of trading in this now mini-journal. After last evening’s bonus nice winner we start today, perhaps predictably, with a losing trade in EUR/USD:
We see a well defined trading range that is broken modestly to the downside before returning sharply into the range. I am playing for an early morning fake break so going long at 84 on a 7pt stop at break low with a 1:1 target just shy of the range highs. This proves itself to be a fake move and I am suckered long as the down move re-establishes itself and I am taken out at the stop for a 1:1 loss.
Time for a coffee break and return to look for an opportunity to recover matters
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