Yirbu wrote:This morning was interesting.
It's like a little story...
My first trade did not want to go down so I closed it at +1R
Second trade I immediately got killed.
3th trade short looked good at X10 so I decided to anchor it.
But then price started retracing so I realized I hadn't thought this through properly...
What now?
I decided to hedge and went long expecting price to bounce on the parity level. When it did I opened a new short and both shorts ran into my BE level of position 4.
After price continued down, I don't know what happened, but I accidentally closed my 5th trade. (at +3R) Annoying but no disaster.
At X18, my anchor trade came into a demand area and printed a pinbar.
Hmmmm....could I expect a new pullback? Would it retrace? So I went long to hedge my short again.
Tried to add, failed the first time and was able to open a new long which I eventually closed at +4R.
Eventually price was dancing around that 1.0 level so I closed my anchor trade at +2R and my long at +7R.
In the end I banked +15R which is good but obviously I had to close my anchor trade at X18 instead of at X2
That was stupid but I find it's difficult to see if price continues or retraces.
Still happy with the bottom line.
221108 - EURUSDm1.jpg
Goddamn, you're out there murdering with impunity! I need to try my hand at scalping at some point.
