This is a thread for my to analyze and critique my trades. Feel free to comment or ask questions.
These GU trades were made after the post-jobs report washout was easing off.
1. This trade was good, entry should have been a little lower. Market was moving frigging fast though. Exit was solid.
2. This trade also should have been entered a little lower. Exit was good, but I probably should have given the market another couple bars to break above that level and not just taken it off there.
3. This trade was actually not the smartest. I was trying to play a bounce off 1.45... I was just a little too bullish the GU and not perfectly in sync with the market. I pulled it the next cycle, but I should have pulled it as the market was attempting to retrace back up and not waited until I realized it was not going to make it back up. Could have made back ten more pips.
Bottom line... The entries were a little high on the first two trades because of a very slight amount of fear and hesitation in entry.
As for the third trade... I should not bother with bounces. I should only take setups that can run like the first two. If the rally is late stage... Wait for consolidation and for the next one to set up.
These GU trades were made after the post-jobs report washout was easing off.
1. This trade was good, entry should have been a little lower. Market was moving frigging fast though. Exit was solid.
2. This trade also should have been entered a little lower. Exit was good, but I probably should have given the market another couple bars to break above that level and not just taken it off there.
3. This trade was actually not the smartest. I was trying to play a bounce off 1.45... I was just a little too bullish the GU and not perfectly in sync with the market. I pulled it the next cycle, but I should have pulled it as the market was attempting to retrace back up and not waited until I realized it was not going to make it back up. Could have made back ten more pips.
Bottom line... The entries were a little high on the first two trades because of a very slight amount of fear and hesitation in entry.
As for the third trade... I should not bother with bounces. I should only take setups that can run like the first two. If the rally is late stage... Wait for consolidation and for the next one to set up.
"Don't fear a bubble until it starts to burst."
