Very long day, so I am going to be short. Trade 1
After figuring out that we were in a trading range. I took a short about half way down (what I thought) I made a quick couple of pips, moved my stop to BE and was stopped out. I should have gotten in sooner, but after yesterday I was a little slow. Trade 2
With the strong move up I thought we might break out of the trading range. I took a long at the top of the range, which wasn't smart. After a doji after my entry bar, I exited with a market order, good call. We stayed in the trading range.
Toady Total 3
Week total (29)
I had some family in town for the holidays, so I took some time off from trading.
Today was a good day, followed my rules, did a couple silly things, but over all I am happy. Also, I got up early to try and get more screen time. Getting up a 4:00 (my time) was rough. I think I will try for 5:00 and work my way back to 4:00 Trade 1
Earlier in the morning there was a final flag, which broke the higher time frame S/R. When it got close to a S/H I thought there would be a stall then further down. The stall came, but further down wasn't until later. My read on the market was 50% correct, it did go down, but it did not get to what I thought it would. I also got in to early.
Grade B Trade 2
After the P/B that stopped me out, I still felt like this was going to go down. I had a limit order to go short below the small bear inside bar. I had more slippage then I would have liked but it went promptly down from there. After 2 strong bear bars, things slowed down. I exited with a limit order, which I am glad I did.
Grade A Trade 3 GBPUSD
The pound was trending down most of the morning. Then hit a trading range for about an hour. I felt with the downward movement and not being close to support, this would make it to support. I had a limit order to go short below support. Quick move down, into support which I didn't think was that big of a deal, well I was wrong. I did a quick market exit after it failed to hold below the support.
I also noted a better entry at 7:00. There was a 2 leg P/B and a final flag. This would have been a better entry. I would have taken no heat would have gotten to my target fast.
Grade C (wait for better entry) Trade 4
I was trying to get in early after the final flag and lower high (or maybe it was late ) I hit the wrong button, wanted to go short and I went long. Stupid brain. I recovered and exited right away with a market order. I then entered the correct way short for trade 5
Grade D Trade 5
Quick recovery from my mistake on trade 4, got me in the right direction for trade 5. Went short because of the final flag, lower high and break of support. I trailed my stop a little to close and got stopped out. I should have been stopped out on the next bar and would have gained 1 pip.
Total for today +3
Total for week +3