Price was trading in a range of 50 pips, should of probably tried playing with a range trading strategy and used a looser stop loss or alternatively just not trade.
Trades
1. Tried a short since it looked like it broke out of it's ranging trade. Got stopped out
2. Tried a short again, but should of not entered. Price was choppy around this level and PA wasn't clear.
3. Price broke through a level and I entered on the retrace. 12 pips
4. Tried another long but I think I may of rushed it since the next level was a half number and it hadn't breached it today before.
5. Tried another long but stopped out. Price seemed to be back to ranging.
6. Took a short on the retrace but it took a long time to start going down. Took profits a bit early (8 pips) since it was time to sleep. Later on it broke through 113.125
Total loss was 4.3 pips.
Thoughts
When the market consolidates, I need to slow down with the entries since a majority of them are false break outs. Gotta wait for a clearer signal. Also I'll try to play around with a looser stop loss if price seems to range trade. It's really easy to get stopped out at 6 pips during consolidation periods. Or I can just chill and not trade lol.
Trades
1. Tried a short since it looked like it broke out of it's ranging trade. Got stopped out
2. Tried a short again, but should of not entered. Price was choppy around this level and PA wasn't clear.
3. Price broke through a level and I entered on the retrace. 12 pips
4. Tried another long but I think I may of rushed it since the next level was a half number and it hadn't breached it today before.
5. Tried another long but stopped out. Price seemed to be back to ranging.
6. Took a short on the retrace but it took a long time to start going down. Took profits a bit early (8 pips) since it was time to sleep. Later on it broke through 113.125
Total loss was 4.3 pips.
Thoughts
When the market consolidates, I need to slow down with the entries since a majority of them are false break outs. Gotta wait for a clearer signal. Also I'll try to play around with a looser stop loss if price seems to range trade. It's really easy to get stopped out at 6 pips during consolidation periods. Or I can just chill and not trade lol.