Hi G,
13 DEC
I attempted 6 trades ,3 loosers, 0 winners
My outlook for the day was bearish.
My analysis was to go short from 1764.. the price came to 1762 and went down and I didn't take the short because I wanted it to rise further... the market came down
I thought .. the market came down to from where it went up .... there is a channel.... let me take a quick long from 1740 to 1750(bottom of channel to middle) and attempt a short from 1750 since its my yellow zone....and my outlook is bearish... I placed a buy PO... then the BEOB (first red arrrow) happened... I thought the market is going to come down since the momentum to downside is high and it broke the white arrow low...I cancelled my long order and put a PO for short... got stopped out...
The candle I got stopped out was another BEOB. I remember you saying in another threads not giving up on pairs when stop is hit, and the very candle which stops you out may show another trade.....I went short again.... second red arrow...The stop was hit again at the yellow arrow....
now... my thinking was if I attempted a short again it will be revenge trading and it is not good.. so I didn't attempt short again...
I saw the candle at green arrow and thought it to be a stand alone candle with no story behind.. so didn't think of any longs from there....
The black arrow candle is where I attempted my next long trade... after entering I quickly remembered that "Buying from top" was one of the trading errors I usually make as per my trade journal analysis and looked for an opportunity to get out... I exited when market came to 53... my long was from 54...
Blue arrow.... was a quick channel trade which went to target but the short PO was not triggered... I cancelled the PO..seeing that it already went to my target...
purple arrow was my last trade... Placed a short limit and went to sleep.... my rationale was that price is not closing above 15:45GMT BEOB.
Thank you...
13 DEC
I attempted 6 trades ,3 loosers, 0 winners
My outlook for the day was bearish.
My analysis was to go short from 1764.. the price came to 1762 and went down and I didn't take the short because I wanted it to rise further... the market came down
I thought .. the market came down to from where it went up .... there is a channel.... let me take a quick long from 1740 to 1750(bottom of channel to middle) and attempt a short from 1750 since its my yellow zone....and my outlook is bearish... I placed a buy PO... then the BEOB (first red arrrow) happened... I thought the market is going to come down since the momentum to downside is high and it broke the white arrow low...I cancelled my long order and put a PO for short... got stopped out...
The candle I got stopped out was another BEOB. I remember you saying in another threads not giving up on pairs when stop is hit, and the very candle which stops you out may show another trade.....I went short again.... second red arrow...The stop was hit again at the yellow arrow....
now... my thinking was if I attempted a short again it will be revenge trading and it is not good.. so I didn't attempt short again...
I saw the candle at green arrow and thought it to be a stand alone candle with no story behind.. so didn't think of any longs from there....
The black arrow candle is where I attempted my next long trade... after entering I quickly remembered that "Buying from top" was one of the trading errors I usually make as per my trade journal analysis and looked for an opportunity to get out... I exited when market came to 53... my long was from 54...
Blue arrow.... was a quick channel trade which went to target but the short PO was not triggered... I cancelled the PO..seeing that it already went to my target...
purple arrow was my last trade... Placed a short limit and went to sleep.... my rationale was that price is not closing above 15:45GMT BEOB.
Thank you...