This picture could be worth a thousand words, or a thousand dollars

 

I anticipated at least a brief move lower if a small trendline was broken. I didn’t want to watch and wait and placed a sell stop.

I exited 2 pips higher than the Take Profit (limit buy). It was a pretty good time to exit, in retrospect. 7 pips profit.

First chart is 30 minute, second chart is 15 minute.

 

 

Mostly Dow, however that was 7 pips on USD/JPY, last night.

Today, I wasn’t in an environment to be focused enough (remember position size should be adjusted accordingly)

From FX Street:

The Dow Jones Industrial Average added 348 points to end at 2.11%, while the Nasdaq and the S&P jumped over 2% each.

Two quick trades worked and on the third things changed – I’m shorting on a strong day, for a third time. Now it takes two more long positions to get into profit.

Even if not in an environment to be focused enough, better planning is required.