Start of the week, i woke up nice and early at 8am since i didnt work the night before. Started my day with some stretches just to wake up did some analysis. And read my daily read.
I was watching charts for 4 hours till i got my high prob trade. I was presented with a couple of trade but the NLP worked, so I stayed out and kept focus.
My trade
I entered as price pulled back in expectation of a high prob entry. I entered a bit to soon probly coz i thought it was a good trade and i wanted in. But looking back if i enter at the right place i would place my stop at be for tp2 and i woudve got it. In the end i got stopeed out before the big move.
I closed tp1 at +17 cause it was close to resistance. tp2 woudve been 30+ pips which woudve given me a 2:1 risk. With my stop being 17 pips.
was looking at the 2h chart and you could see loads of buying as the market opened on sunday also 1h had a bowl shape with signs of buying.
Also its dificult to manage my trade while im at gym since the majority of my trade was when i was at gym.
Im still trying to figure out should I do the be thing or have a smaller stop.
here is the chart
http://i865.photobucket.com/albums/a...46/14march.jpg
in the end i just got 8.5 pips
I was watching charts for 4 hours till i got my high prob trade. I was presented with a couple of trade but the NLP worked, so I stayed out and kept focus.
My trade
I entered as price pulled back in expectation of a high prob entry. I entered a bit to soon probly coz i thought it was a good trade and i wanted in. But looking back if i enter at the right place i would place my stop at be for tp2 and i woudve got it. In the end i got stopeed out before the big move.
I closed tp1 at +17 cause it was close to resistance. tp2 woudve been 30+ pips which woudve given me a 2:1 risk. With my stop being 17 pips.
was looking at the 2h chart and you could see loads of buying as the market opened on sunday also 1h had a bowl shape with signs of buying.
Also its dificult to manage my trade while im at gym since the majority of my trade was when i was at gym.
Im still trying to figure out should I do the be thing or have a smaller stop.
here is the chart
http://i865.photobucket.com/albums/a...46/14march.jpg
in the end i just got 8.5 pips