scalping eurusd

[cvds16]

and another stopout ... do not try to trade late NY or Asia is the lesson ... I paid the piper

 

[cvds16]

long 1.2055 target of 1.2110 in mind

 

[victorycountry]

I think we will go to 1.2350-ish that would be the monthly ema200 ... but I am purely sticking to daytrading ...

Are you going to follow the trend today? I will do so since January is the month that currency pairs usually set new high or new low for the year

 

[cvds16]

yes, I just added a bit at 1.2058, I will add some more later on, I got 1.2110 in mind as a target

 

[cvds16]

three soldiers on 1H, engulfer up on 2H, this should roll all the way up to 6H

 

[cvds16]

my disaster stop got hit: no trading before london opening is the message clearly send to me

 

[supreme trader]

extreme elation after a winning trade is very bad for trading.

 

[cvds16]

that was not the problem here ... I got the wrong idea price action would really work outside london opening hours too, it doesn't but occasionally things do work out (like yesterday where I milked a signal from before London open); I just got lucky. Luck should have nothing to do with trading. The market told me to interpret my system differently.

 

[cvds16]

my trading hours are from 09:00 till 17:30 CET from now on ... trading outside these hours is just gambling ... you might as wel take your money to the casino and play Russian roulette with it ...

 

[cvds16]

damn my back aches from all the stupid mistakes I have made the last 24hours ... Geoge Soros had the same problem: when he was in a wrong position his back started to ache ;-)