What did I do right?
- Scaled back risk
- Waited for optimal entries
What did I do wrong?
- I did not let the profits run longer in this AUD/USD
How can I improve?
- Continue to trade like this in GBP/USD
I removed risk by elminiating some of this AUD/USD short over the weekend. There was not telling what could happen over night, however by removing the trade it cuts my profits by 100% and I am waiting for another chance to re-enter, its on a pop higher. By the time I closed out the trade I was in the money by 10 pips but I am watching it move FURTHER in my favor, this trade will be updated sooner.
EUR/USD; I am nursing this losing position here but its only a few candlesticks away from breaking even, today's change was significant regarding direction and possible pattern relevance
The supply pattern came into effect, and the perception I had in entering this trade was to get short at the same level as the "departure" of that sell zone between Aug 1st and Aug 3rd
This image above was the first time I entered the USD/JPY short, it was time for a possible rebound in the Yen and it was right in line with another potent area of resistance
An updated view of the trade and its progress, I can show further details re: the stop placement and logic for unwinding this trade
- On September 7th
Excitement to be short the Dollar index by the length and speed of this real body with solid bearish close
- On September 8th
Bottoming tail displaying tremendous buying pressure and it is followed by a bullish candle on Monday's open
- On September 11th - STRENGTH
Bullish follow-through with a degree of excitement relating to the size, momentum and departure out of 11,794
- On September 12th
Indecision; yet is is as of now the second bullish day, in this next series of a rally attempt and "follow through"
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