taking short on the bounce of downtrend line at 0.98800, should've waited for the bounce to enter but I was to trigger happy but will be adding to position when it hits the line.
9:45 tomorrow morning US PMI data will come out
previous 51.5 predict 51.7
may drive down prices if news is negative
sl:0.99073 above trendline
tp:0.98045 at support
9:45 tomorrow morning US PMI data will come out
previous 51.5 predict 51.7
may drive down prices if news is negative
sl:0.99073 above trendline
tp:0.98045 at support
Trade closed: stop reached:
improvements:
I didn't release there was a high impact news event coming and I did not monitor the result, a tighter stop would've been better as because I was originally trying to take a reversal trade
did well:
position sizing
followed my rules for entry found the trend in the daily and followed it.
Goals:
alerts make sure I check for news events throughout the day.
monitor trades more actively check at min once an hour
I didn't release there was a high impact news event coming and I did not monitor the result, a tighter stop would've been better as because I was originally trying to take a reversal trade
did well:
position sizing
followed my rules for entry found the trend in the daily and followed it.
Goals:
alerts make sure I check for news events throughout the day.
monitor trades more actively check at min once an hour
below expectations
usd even more bearish
the price never got up to my trend line so the entry although premature was good. possible post trade research for why it was a good entry for future trades.