When analyzing why my trade stopped I discovered a technical error on my part in a couple of things. 1. The levels were not set correctly by my rules; I was sloppy in setting this trade up. 2. My stop should have been 10 pips beyond the correct level, I have been sloppy and leaving it around 5 to 8 pips.
This may not make a bit of difference as AU may continue right on up past where my stop should have been anyway. But at least I know I have been sloppy and need to take a more professional approach as though I had $1,000.00 at risk.
I had to leave town unexpectedly very early Friday morning and decided to move my TP to the first small cluster of candles because I could not check on the trade at all. TP was hit for a 1:1 RR.
My remaining positions on EU stopped out Sunday night. What a shame, I had plans for a long term position. Overall a slightly profitable trade because I closed half as mentioned in an earlier post. On to the next one...
