Not much I could say on today’s market but it responses pretty good with the supply on the weekly. Still the drop was not that significant. SO we might see some buyers down near the 1.3080 or below at 1.3000.
I had a pending order of 1.30888 Long with a SL at 1.3073 and a TP at 1.30988 for a 10 pip. But the orders went filling at a close of 1.31017. so that gives extra’s even it cost 1 pip. For me that’s just enough for the day. That’s a $2500 profit in fact. I was using a 25 lot position.
I trade the EURUSD pair as per Norm. Planned it before hand. I did an hour of analysing and found that the hourly demand spotted at 1.3090 ish. So I Look into a smaller time frame and found at better entry on the 5 min chart at 1.3088. Its a low risk entry and a high reward demand. It was in accordance of the odd enhancer checklist and all scored more than 8. So to me that’s good enough.
So what did I learn from this trade ?
SO far the norm. I plan it, I execute it without doubt objectively as per Demand supply equation. I had enough 7 hours of rest so when I did the analysing bit and planning, I was focus.
SO what did I do best ?
I trade as plan. Journal it, and waited patiently. PRobably the best thing was I had no feeling of emotion at all when it happen. I’m probably going mad …. so cold and emotionless.
What should have improve ?
Nothing. Continue without change.
What’s next ?
Sleep and have a good night rest and see if there is any opportunities for another 10 pip tomorrow.