SL HIT Today but did not lose due to moving stop past entry point. Overall I feel like this is a winning trade, mentally due to sticking to all my rules and trading plan . I personally believe that defence is 10X more important than offence. I am still sticking to my analysis and will be looking for another entry.
Posted a trade idea last week about a possible short on EUR/CAD However wasnt fulfilling my trading plan so applied patience and waited for the market to come to me . Found a nice entry and RR today. Set and Forget Principle as always.
24Hours later we have had a good run to the upside nice steady bullish momentum. I have taken all risk away on this trade personally yes it could come back down tomorrow and take me out however my approach is to take away risk as soon as possible.
EUR/USD uptrend is still very strong expecting another push past the current high at 1.20923. Risking 50 PIPS to gain 125 PIPS Good Risk ratio trade. Lets see how it plays out
Finally Never Forget that this trade can be wrong and there is a random distribution between my wins and losses so leaving all the emotion out of this trade.