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USDCHF: 0R, where to begin...after trading my entry, the market immediately went to target but missed it by 0.5 pips. Since for simplicity and consistency I'm holding to a 1R stop or target with no management, I left it. However, by the end of the day, the market had still gone nowhere (still between stop and target). If anything, the price action was looking more bearish than bullish, suggesting that if I were to introduce management, I would get out early, but I'm using this journal as a way to gather best practice stats like this on management. After the futures market close though, the spread went wild in this pair and if you take the result with OANDA prices, I've made 1R. If you take the result with FXCM prices, I've lost 1R. Because of this, I'm simply calling it a scratch and will note not to hold cash positions across the futures gap when this journal is done - so a case like this will not happen live.
USDCAD: -1R, the first time around, the market came within 1 pip of filling my entry, then went straight to target. The second time, my entry price traded and the market came within 2 pips of my target, before chopping sideways. Eventually a sharp bullish reversal candle printed off the lows but whenever a signal is that clear, it is guaranteed to not work...stopped out shortly after and as I type the market is making a bee-line for my target.
edit (11:59 PM): this setup is no longer valid because the continuation move lower has already happened following failure at daily highs
edit (12:20 PM): interestingly, this setup still worked perfectly even though by my rules I would have pulled the order. Price action for the record but doesn't count toward the rolling performance stats:
NQ: -1R, no reaction to the level whatsoever...ideally I wanted this trade mid-day yesterday so I think I was too attached to the setup today to just pull it
