Minor Hit
I took a small hit today. I actually had a feeling it wouldn't be the best trade, but again, rules are rules and I got in. Next bar I was out with a 21 pip loss per lot.
Today's trades:
2:15am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle at 1.9534 with a stop at the most recent swing high at 1.9555. Since I was 34 pips away from the nearest 50 or 00 level, I decided to put my target at 1.9500.
Entry: Short at 1.9534
Entry: Short at 1.9534
Stop: 1.9555
Initial Target: 1.9500
2:30am EST- Unfortunately I was stopped out of my trade.
4:15am EST- There was a signal here, but it was right before news so I did not enter.
Results: 1 trade....-21 pips...3 lots.....-63 pips
Here is what it looked like.
Talk to you soon.
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