Thursday 28th April

by 11:01 1 comments
Taken one trade today already. Made a small bit of profit, but more by luck than judgement. I'd like to stress this isn't a good trade!

Trade 33 - EUR/USD - Buy @ 1.4853 -  Closed @ 1.48576 = +4.6

Eddie 5min

I drew my trigger in as usual from the high volume bar. Looking at it now it's probably not a great trigger number as it was early in the day. Anyway, the price moved above it and tested. Mistake 1, price didn't move enough away from the trigger number. It was moving sideways along it. Mistake 2. The test actually fails, the next two bars are down. Unfortunately i'd already been brought into the trade. From here it got close to stopping a couple of times before that widespread up bar luckily brought me into profit and I closed out. A few lessons learned that's for sure.

Plenty of time left in the day and still US GDP to come.




28. Forex. Trading. Music. Beer. Food. Travel.

1 comment:

  1. Hey Liam,
    how are you doing?
    you traded by emotions .. I'm trying to filter more my trades with vsa, you know I'm trying to see how much is my expectations of target, if that is enough to me to jump in a trade. So far is working.