Monday Jan 10th 2022
Had a very good 15 pip EURUSD short trade in NY open.
1hour
10min
We basically monitored the pair as it had broken the diagonal before NY, looking for a pullback to the diagonal and then entering short. Had it planned and waited about 20 minutes to retest it and it did and we went short.
Was a good quick 15 pip trade which is my ultimate goal each day. Have a strict plan to only shoot for 15-20 pip trades. Greed will kill traders in this game. You can't have perfect trades, 'cuz they're outta your control. BUT! You can have a perfect mindset. That you can control.
In this game, based on my recent experience, shooting for 1:1 trades are much better than 1:2. Because you need that breathing room for the trade to convince you if it's not gonna come your way or it has other plans so you'll be able to scratch the existing trade and change direction (subjective mode as said by Mark Douglas).
Had a very good 15 pip EURUSD short trade in NY open.
1hour
10min
We basically monitored the pair as it had broken the diagonal before NY, looking for a pullback to the diagonal and then entering short. Had it planned and waited about 20 minutes to retest it and it did and we went short.
Was a good quick 15 pip trade which is my ultimate goal each day. Have a strict plan to only shoot for 15-20 pip trades. Greed will kill traders in this game. You can't have perfect trades, 'cuz they're outta your control. BUT! You can have a perfect mindset. That you can control.
In this game, based on my recent experience, shooting for 1:1 trades are much better than 1:2. Because you need that breathing room for the trade to convince you if it's not gonna come your way or it has other plans so you'll be able to scratch the existing trade and change direction (subjective mode as said by Mark Douglas).
When there's a will, there's a way.