This ended up a losing set of trades overall. 2 out of 3 trades were closed for a profit.

1. I was looking at a 30 minute chart and shorted. Price moved higher however I didn’t want to exit and moved my stop up. It kept moving higher and I decided

2. a sell limit might work. The trouble is I took a big stop right before the sell limit level was reached. That wasn’t necessary. As priced moved lower I exited part of the position for a profit.

3.  The remaining position was closed for a small profit. This was approaching Fed talk, and the euro was strengthening.

The same evening I had 2 profitable “micro” scalps on NZD/USD.

The big stop destroyed all of that. (4 out of 5 trades were profitable) One reason was hesitation in simply getting out quick and re-assessing! The longer term view had me wanting to give it more room.

Who has been there?  I’m there sometimes and journaling it  🙂 

 

 

 

 

 

 

 

+7 pips

There was a point where I thought I was going to take a loss on this SHORT trade.  I did some simple drawing, and ended up waiting for a while before the price tanked.

 

Here is a clean chart, and below are the ones I was using while trading.

 

 

+4 ticks

This was a trade where I ended up getting out at the right time, if I only wanted a few ticks.

However, what I really enjoyed watching was after price broke a trend line, it got a nice bounce at a longer term horizontal line I had drawn a while back.  It’s a yellow line and provided a nice opportunity after pulling back to test it