Hello everyone, i hope you all are pipping in one pair or another. I did couple of trades yesterday which i have mixed feelings for. I shorted euro and cable . for euro i took the TC signal from 1600 gmt close candle. I however checked my charts 1:30 hours late so it was a late entry. But still i entered. checked the cable and entered with one hour early entry. So far so good. Now usually i wait for a little retracement to open 2nd lots or open right away. However i got excited when price started falling and opened 2nd lots for both pairs. Let behold after i opened 2nd lots price started to retrace fast. I on the other hand was sweating faster since i have self graduated myself to half of a standard lot from mini. I know people dont really mention size of lots but for me i have slowly moved up so dont mind sharing YET !!!. So my secret Santa calmed me down a little bit( Thankyou). and price started to fall again. Over come with relief/ joy excitement or whatever u wanna call it i closed all 4 lots in profit but a lot earlier than i had planned for and shut down my computer.
So lesson learned ,only trade lots your heart can handle so you can focus on trade and not at the speed your account is vanising infront of you.
Price reached not only my target but way beyond it. So i left a lot of pips on the table.
Only positive lesson was that i am getting better at reading the market for entry . still need to work on exit . My trades were
Euro
1st lot mini Enter @1.3433/ TP @1.3390/ closed @1.3410(+23)
2nd lot half standard Enter @ 1.3425/ TP 1.3405/ closed@ 1.3412(+13)
Cable
1st lot mini enter @ 1.9878 /TP @ 1.9820/ closed @ 1.9844(+34)
2nd lot half standard @1.9861/ TP 1.9834/ closed @ 1.9843(+18)
Now even i made some pips, still not too proud of the way i executed it. but again i am still a NEWBIE
Thanks for listening.
Nadia.
So lesson learned ,only trade lots your heart can handle so you can focus on trade and not at the speed your account is vanising infront of you.
Price reached not only my target but way beyond it. So i left a lot of pips on the table.
Only positive lesson was that i am getting better at reading the market for entry . still need to work on exit . My trades were
Euro
1st lot mini Enter @1.3433/ TP @1.3390/ closed @1.3410(+23)
2nd lot half standard Enter @ 1.3425/ TP 1.3405/ closed@ 1.3412(+13)
Cable
1st lot mini enter @ 1.9878 /TP @ 1.9820/ closed @ 1.9844(+34)
2nd lot half standard @1.9861/ TP 1.9834/ closed @ 1.9843(+18)
Now even i made some pips, still not too proud of the way i executed it. but again i am still a NEWBIE
Thanks for listening.
Nadia.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS