Sunday trade. I try not to trade on Sundays. What I mean by trying not to trade is that I **SEE** an entry point and take it. It goes against me so I place another one where I **SEE** an entry point. It too goes against me and then I start placing random trades. Basically I never saw sh*t. So, to protect my balance, I stay out of the market till Monday morning. That hasn't happened yet, but this trade was different. E/U was approaching a canceled trade line from last week (I cancel all my pending trades on Friday), so I placed the trade again. The trade was taken, came within 2 pips of my take profit and went against me. Not the end of the world. Have raised my account to the point that it wasn't quite a 1% loss, and I am still happy with where I placed the trade. Perhaps Sunday might require different rules. Maybe a wider stop loss. MightOne has said in the past that you can almost always get a better price (may not be to the word, but I don't feel like hunting for the post right now). I have been placing my entry's at the 50% line only because I do not have time to watch the market and babysit my trades as they take place. It is interesting to note that had I placed my entry a little further up into the Might Zone (like my stop loss), I would not have stopped out and made my 3:1. Or I could have left the take profit where it was and made 4:1. Or I could have risked it and made 5:1, but just and I wouldn't have done that. Anyway, so starts another week.
First picture is the hour and the next is the 5 minute details. Green price is entry, red price is exit for 10 pip loss. Orange line was take profit.
