Here are the trades I took this week. Please note...the duration of every trade taken was a mimimum of 5 hours each. It takes a lot of patience to monitor trades for that long which is why I often manage the trades with an EA, once they are in profit.
Wednesday's trade was a break even trade that would have been profitable if I had stayed in it, however I went back to bed and the EA closed it out at breakeven. No big deal, that is trading and it was not a loss.
The trade on Thursday was taken with a 50 pip TP but once news began to move the market up, I changed the TP to 100, which was hit....a risky trade during news but my SL was already in profit, so it was a free trade that worked out.
The daily range today (Friday) was 225 pips but I only got 76 of them.... I exited on the pullback following a double top (it was a double top when I exited).....as it turned out, the market retraced 70 pips, which is too much drawdown for me anyway, and then moved up 170 pips. I am very happy to get the 76 pips.
Wednesday's trade was a break even trade that would have been profitable if I had stayed in it, however I went back to bed and the EA closed it out at breakeven. No big deal, that is trading and it was not a loss.
The trade on Thursday was taken with a 50 pip TP but once news began to move the market up, I changed the TP to 100, which was hit....a risky trade during news but my SL was already in profit, so it was a free trade that worked out.
The daily range today (Friday) was 225 pips but I only got 76 of them.... I exited on the pullback following a double top (it was a double top when I exited).....as it turned out, the market retraced 70 pips, which is too much drawdown for me anyway, and then moved up 170 pips. I am very happy to get the 76 pips.