Price action was not clear, so I rather jumped out 2 times with some losses, re-opened on next bearish momentum and once it made significant break down I knew there's nothing in a way to drop at least to Fibo 61.8%, so I put SL on BE and waited.
I wondered if anybody from original members still watching the thread, now I can see that except of that, some of them scalps tons of pips as well, great to have you here pal !
I took first trade 2 minutes after I logged to my platform, looked nice on first look, then I realized it's against my own rules.. and I paid for it soon. Second one was quite experiment as I study about FVG topic (fair value gaps) recently, and probably will never do another trade based on it purely again. This trading style without PA confirmation is really not my cup of coffee, I escaped only by 1 or 2 pips from SL.
Probably last one for today, I played with micro price action within this one, I saw small gap on 1 minute market could fill, instead of that price went against me, but made another gap. I was ready to close my position with loss on double top, but 1 pip difference turned it out to close my short in profit.
I was absolutely unsure where the market could go on that top, that's why my SLs were aggresive and I rather let price hit it. Once it broke significantly down and got couple sets of lower lows I knew it is probably going to fall towards daily open, but what I didn't expect - far than that.
Only confirms LiboCop words, the sooner we learn how to lose, the sooner we learn how to win. Not a big fan of YouTube traders and (post)covid-era trading gurus, but this one is hell on point about risk management and "playing a defence game", I recommend to watch it:
So far, I aimed for complete fill of morning open GAP (TP on +80pips), and was +74 pips when suddenly market turned against me and I had to close nearly with half of my TP.
enjoy your weekend as well.
