Been sat on the sidelines most of the day just watching and looking for trades. I am most certainly trying to get myself more reasons to enter a trade before hitting go. I seem to have been making mistakes and losing trades and realising why when it is too late. Plus I can see after the trade the reasons why it went bad and most of the time it is from things that I should have seen.
To my first trade, long on the EURUSD, price corrected and longer term OF was also bullish. I waited for entry which possibly lost me a few pips but I wanted to make sure. My entry was after an initial move in my direction and then a small correction before price indicated it wanted to go up again.
Set my TP at the previous high. Been noticing lots of prices stuck in a range so was happy to get out then for a 36 pip profit.
To my first trade, long on the EURUSD, price corrected and longer term OF was also bullish. I waited for entry which possibly lost me a few pips but I wanted to make sure. My entry was after an initial move in my direction and then a small correction before price indicated it wanted to go up again.
Set my TP at the previous high. Been noticing lots of prices stuck in a range so was happy to get out then for a 36 pip profit.