A trade on the Dow helped with a couple of FOREX trades that didn’t work the previous evening. This has happened several times recently.
Position sizing needs focus. Notice the EUR/JPY trade for 20 pips. It’s for a Nano lot.
Also:
This is easily a $350 “day”.
Here are a few quick trades for today:
And I went long
I’ve posted numerous profitable sessions, so I need to be balanced and post trading that was not done according to our standards.
Looking at the last 15-17 candles on this 15 minute chart, the pin bars and bullish breakout that closed above the mid band showed strength and I tried to scalp on the 5 minute chart. I also moved my stop loss order lower after looking at some Fibonacci levels. It didn’t work out very well.
The mid band in a downtrend is potential resistance, there was a good short available. Avoiding things like this is will substantially improve performance.
Advanced traders might consider not taking a stop if their analysis revealed an opportunity to profit or break even. However, this has to be weighed against missed opportunities elsewhere.
Charts101 Trading 