Round 2. (Loss 0.5R)
Context 4 hour 1 hour 15 min down.
Setup - 5 minute horizontal line
Signal - break of line.
Exited where the chart ends for loss of 0.5R
Logic of exit was "it should have broken down immediately - so when it didnt the premise of my trade was proven false therefore it is prudent to exit.".
Round 2 trade 2. Re-entry of last trade.
Its Tuesday. Yesterday was low volatility.
I anticipated a high volatility day - but nothing has eventuated on any pair. Its all quiet across the board.
This was also a loss of 0.3R when price crossed the break out line after moving about .5R in profit.
Round 2 trade 4.
This was not a good setup. I was too close to the market.
Exited on break to new low - imediately pinned and reversed and stopped me out to the pip.
Lesson - wait for the candle to close.
Lesson - if its not as good as the textbook, leave it alone.
