Bad trades happens , but look after the fact I think my error could be avoided.
Started my day with two price level one at 1.2990 from previous day and another at 1.2965 which I spotted since it's a volume peak at 2:15 also confirmed by marketprofile.
So I had the feeling that market interest was down since there was up candle from 7:30 to 8:45 but volume wasn't spike so market doesn't seems to go above 1.2990, then 2 down candles appeared with higher volume (showed with X mark on graph and the second one was a volume peak) which fooled me because I shorted at the open of next candle with a sl at 1.2990 which was hit few candles later.
As I can see a much more wise approach could be to put a sell stop at 1.2990 since I know price hardly could go above that level. Shorting at 1.2990 as you can see could give at least 25 pips, so in the end my hurry to be in market misguided me and I lose pips, hope I learned this lesson !
Started my day with two price level one at 1.2990 from previous day and another at 1.2965 which I spotted since it's a volume peak at 2:15 also confirmed by marketprofile.
So I had the feeling that market interest was down since there was up candle from 7:30 to 8:45 but volume wasn't spike so market doesn't seems to go above 1.2990, then 2 down candles appeared with higher volume (showed with X mark on graph and the second one was a volume peak) which fooled me because I shorted at the open of next candle with a sl at 1.2990 which was hit few candles later.
As I can see a much more wise approach could be to put a sell stop at 1.2990 since I know price hardly could go above that level. Shorting at 1.2990 as you can see could give at least 25 pips, so in the end my hurry to be in market misguided me and I lose pips, hope I learned this lesson !
