Just a follow on from those trades on Friday:
I was kicking myself all weekend for getting so one eyed about EA shorts. Price was on the rising trend line and was making small candles closing near the line. There was a perfect peak and trough higher on the 15 minute chart, but I didn't take it. This year I have lowered my risk per trade to .5% to overcome this sort of problem. Part of the problem of being a discretionary trader. The same discretion saved me from a loss yesterday, so I guess it evens out.
Those trades on Friday ended up: AU -26.1 pips, UJ-25.3, ANZ+65.1, and I had another entry while I was asleep AU short at .78635 with +41.6
All up 80.9 pips and 1.618 %(Nice fib number) .
Currently short EA from 1.40227 and Long AJ at 95.241
I was kicking myself all weekend for getting so one eyed about EA shorts. Price was on the rising trend line and was making small candles closing near the line. There was a perfect peak and trough higher on the 15 minute chart, but I didn't take it. This year I have lowered my risk per trade to .5% to overcome this sort of problem. Part of the problem of being a discretionary trader. The same discretion saved me from a loss yesterday, so I guess it evens out.
Those trades on Friday ended up: AU -26.1 pips, UJ-25.3, ANZ+65.1, and I had another entry while I was asleep AU short at .78635 with +41.6
All up 80.9 pips and 1.618 %(Nice fib number) .
Currently short EA from 1.40227 and Long AJ at 95.241
FF journal: Peaks and Troffs