Based on my rules for retracement which i definily missed yesterday. EURUSSD is still in retracemnt mode. Lost alomost £2000.00 on funded trial yesterday. The market was clear on wht needs to happen but I was not clear in my analysis. My entry should have been where my stop loss is. However if I get taken out I will activate another trade with TP=500 points and SL=80 thats well ove 1:6RR
This will be my first trade. I have alerts to take smaller sell trades when the 15M, 1MA crosses the 15MA-1:2RR--- TP=150 points (15 pips) SL=80 points (8 pips) to 1.08700 where i have an overall stop loss. There is potential for market to push to 1.08500 as there is lots of news today but i will bear that in mind based on how market moves after 8am.
Lets see how the market plays today.
This will be my first trade. I have alerts to take smaller sell trades when the 15M, 1MA crosses the 15MA-1:2RR--- TP=150 points (15 pips) SL=80 points (8 pips) to 1.08700 where i have an overall stop loss. There is potential for market to push to 1.08500 as there is lots of news today but i will bear that in mind based on how market moves after 8am.
Lets see how the market plays today.
Trade closed: stop reached:
LOSSES, LOSSES, ANOTHER 2.5 GRAND DOWN ON THE DAY. THIS HURTS
Comment:
BACK AT IT TOMORROW