If you hadn't already guessed, I had another loss on Friday. Making that -4% for the week and undoing the last three weeks of reasonably good work. Looking at it now, it's really not a great place to take a trade and completely contradicts a point I had made to someone earlier in the day. I really have to be more aware of what i'm doing. We broke through the NFP zone a couple of times at the start of the day and I had two attempts at shorting from a 5min bar and then a 15min bar; shown below.
EUR/USD 5min
EUR/USD 15min
Perhaps after two attempts at shorting hadn't worked I should've taken the hint and stopped looking for shorts. I really am quite annoyed with myself for this trade. It's suicidal. The worst part was I was aware of the area we were at before and during the trade but still went with it. Sheer dumb ignorance? Forcing a trade? Trying to balance the books based on Wednesday's loss?
My entry was based on an hourly chart, ND into 50% of the mornings high volume area. Not actually a bad set up if it was in the right place but this wasn't and I failed to take heed.
EUR/USD 1hr
Ok i'm done with the self deprecating, time to move on, get over it, learn from it and most importantly, go into Monday with a clear head.
Hope everyone is having a good weekend,
Cheers,
Liam
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