DislikedI have taken 3 trades today. Everyone of them now at least BE. Not A+ setups, but good enough to trade?
1. AUDUSD Daily PB
Beautiful PB closing below 0.84. Target was the two lows at 0.8240. Ran 34pips to my way, so I wasn't going to watch that ending up a loss. So closed it at BE +1.
2. USDCHF two 4H PBs
Strong PPZ and I was aware of the S/R level at 1.0585 so I put stop to BE there. I took half of the profit at 1.0565 (+36pips) and I'm going to let the rest run hoping to get below the 1.0520-1.0530 support.
3. USDJPY 4H PB
I know there's...Ignored
Hey Finntrader
I am very happy to see that you played these all with a TIGHT string. Meaning you knew they weren't the best of setups(mostly number 2 and 3), and that you were not going to take a full loss. My real advice on these would be to be a bit more stricter on your entry criteria and it will bring your trading to a whole new level. For example the usd/chf are very very small bars. My advice when people play them is though to do exactly what you did, you just can't mess around and on the 4hr too many better trades WILL pop up. Same for usd/jpy it is a small pin at a swing low, as we want to see them at swing highs since you are now trading right into that new low. Again though, I have a feeling you knew these were less then stellar and that is why you put them on a tight leash.
Keep it up
MIke