EURUSD broke down an hour before LDN Open. I looked for a pb from 3pm, it chopped sideways barely able to pb. Wicks on 30m bars told me I'd have to sell it low. I took a 92 short which started well, got P1 off at +6. Then it came back at me a little too strong. I scratched it with much difficulty. Plus I wanted to be out before the 4:30pm report.
It's always frustrating to get out and see the report take it my way (without me), but the point of exiting is to avoid the wackiness that often occurs. I tried a re-entry much lower and sold into what became a bullish 30m pin. It was never in favor and I cut it at -4.
EURAUD buy triggered as I was exiting the EURUSD trade. This one was missed, a shame coz it was a runner.
USDJPY had a nice 30m downtrend. My over-eagerness to get in had me short @ 29 into the 30m bull pin - the same mistake I made on the EURUSD losing trade. I was not noting the 30m bar times! Took a -5 for my recklessness.
Again I didn't see it in favor at all. I tried a re-entry @31, but it found support and I scratched.
GBPUSD compounded my poor performance. Similar to the 1st EURUSD short it dropped immediately from entry. I was so convinced I was on a 30m 1st LH that I failed to notice I was shorting into the 30m upward MAs. I had a +6 tgt for P1 which was missed by a pip. Rather than hold at the lows and allow me to exit with something less it instead V-turned at me. It went through me and missed my stop, but wouldn't pb to let me scratch. I had to cut it at -4.
Summary: 1W, 3L, 2S for -10 overall. The final trade could've been a win had I not gotten greedy for a larger P1 tgt. The missed runner would've made it a scratch day. The losses all on fof setups selling into 30m
BULLISH bars were my downfall. Fortunately it happened 3 times which tells me it is consistently a poor thing to do. I can't recall the last time I made this many mistakes.
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