Felt like I left a lot on the table today. Took many good trades but didn't get much out of them. Took a few poor/early trades that didn't end up showing PA by the bar close.
The first 4 trades were into the support marked by the red line, which was a major PPZ from last week. Still, they were with the trend from the Europe session.. Trades 3 and 4 didn't have PA by the time the bar closed. In fact I should have reversed trade 4 on the bar close, which was a nice pinbar at support...
Trade 5 was in anticipation of a breakout of the recent highs. We did get that, but only briefly, before forming a pinbar. Trade 6 was a BUOB reconfirming the breakout higher. I should have banked some profit on this trade, knowing we were in a choppy market this morning on g/u. Gave 1.25R back on that one...
Trade 7 was a with trend bar off the midBB that broke through resistance. I banked profit near the highs. Trade 8 was a short that I entered and ran lower, but couldn't break through the prior low. I considered taking full profit there but for some reason didn't...
Trades 9-11 were managed very tightly as we were basically in a flat market. I knew I had to be leaving the house shortly too, so I exited trade 11 right after we broke the bar lows. I was fortunate on these, as the 1.5450 level held as support.
It's an art to know when to take a full profit at 1R and when to hold for a multiple R run opportunity. G/U was pretty sideways today, so I should probably have banked at least some profit as we broke 8-10 pips...
Loss of 0.34R today.
The first 4 trades were into the support marked by the red line, which was a major PPZ from last week. Still, they were with the trend from the Europe session.. Trades 3 and 4 didn't have PA by the time the bar closed. In fact I should have reversed trade 4 on the bar close, which was a nice pinbar at support...
Trade 5 was in anticipation of a breakout of the recent highs. We did get that, but only briefly, before forming a pinbar. Trade 6 was a BUOB reconfirming the breakout higher. I should have banked some profit on this trade, knowing we were in a choppy market this morning on g/u. Gave 1.25R back on that one...
Trade 7 was a with trend bar off the midBB that broke through resistance. I banked profit near the highs. Trade 8 was a short that I entered and ran lower, but couldn't break through the prior low. I considered taking full profit there but for some reason didn't...
Trades 9-11 were managed very tightly as we were basically in a flat market. I knew I had to be leaving the house shortly too, so I exited trade 11 right after we broke the bar lows. I was fortunate on these, as the 1.5450 level held as support.
It's an art to know when to take a full profit at 1R and when to hold for a multiple R run opportunity. G/U was pretty sideways today, so I should probably have banked at least some profit as we broke 8-10 pips...
Loss of 0.34R today.