STICK TO EXIT/PROFIT TARGETS AS SOON AS IT HITS TARGET CLOSE THE TRADE NO HESITATION

STICK TO THE PLAN LET THE TRADE RUN


EMOTIONAL CAPITAL TAKES MONTHS TO BUILD AND SECONDS TO LOSE PRESERVATION IS PARAMOUNT



THERE WILL BE NO SETUP THAT TELLS YOU EXACTLY WHAT TO DO - USE YOUR INTUITION




Wednesday, 28 March 2012

28th March Trading

Didn't get the job, interview done so back to trading.....

Dax +1 - Bad PA at level not fast move so closed early
Sell EU +0.9
Sell EU -5.5 - This was a very bad trade popped through the level and got in far too early instantly retraced
Buy EU +0.1 - Got out too early moved another +6 in my favour

Total = -3.5

Price action into levels is crucial.

If I would have waited for the best setup which did happen on the DAX I would have made +10.  Important to remember DB/DT's are not perfect to the pip normally.

There was an SFP at the bottom of the low on the 15m Timeframe on the DAX!
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)