A lot of things happened today. 2 signals and a trend change. One trade and one trade that I tried to trigger but was unable to. Here's how it went:
As you can see by the 4 hr chart, we were in a downtrend until 8 am. So before that I was only looking for short trades. At 1:45 I had a valid signal. At 2 am, when the new bar opened I pressed the sell button for 3 lots. I got a message on my screen saying that weekend closure was still in effect! I was so troubled by this. I tried again and got the same message. I contacted the FCM and they told me that they don't open til 3 am Monday morning (London open)! I was livid. In any case by the time I finished discussing with the FCM, I realized that I would have been stopped out within 15 min for a 27 pip loss. In any case the fact that I could not place the trade bothered me. But that feeling was subsided to the relief of not losing 27 pips per lot on 3 lots.So that error saved me 81 pips.
At 3 am we had another crossover. This time I was able to jump in. I wish I would have had computer problems there..because that trade went against me as soon as got in. I got executed at 1.9702. I set my stop at 1.9736 which was the most recent swing high and since my next 00 level was only 2 pips away I decided to put my target at the same amount I was risking which was 34 pips away. It didn't really matter because it just ran up to our stop and I took my 34 pip loss. Times 3 lots...-102 pips.
Not the best way to start the week but I guess it is better than the alternative of losing two trades.
On a positive note, I will let you know that my alerts are set up and working properly so on both these trade signals I was sleeping and the alert got me up to the computer. All this means is I don't have to be awake from 12 am to 4 pm in order to not miss a trade. I can actually get some rest during the week and wait for the alerts to let me know when I need to be in front of the computer. I will see if this works out better and let you know.
Tomorrow is another day.
So, here are the charts for the day. Take a look.
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