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Intro

This my EU trade diary. I trade the M5 TF and try to catch momentum. I keep my charts sparse to avoid confusion and overthinking. I don’t have many rules as I am risk averse and I find they make me play too defensively. Here are the ones I use.
  1. I trade from 0700 - 1000 GMT then 1215 - 1530 GMT.  I will close all trades by 1600 GMT regardless of whether my PT is hit. My daily goal is 20 pips.
  2. On days when NFP’s or US GDP figures are due I don't trade until after the results.
  3. Once a whole number, or major S/R area is tested I mark the extremes of the real bodies and continue to trade using these areas as PT's. Obviously if the RRR is crap,  I don't take the setup. I only trade BO/BD out of the range,  never PB's or RL's because of the S&R risk factors.  
  4. If I exit for any reason other than my ISL, IPT or TSL triggering, it's discretionary and I'm indulging my fear. I must trust the plan (prep, setups, backtesting) that is moving me forward and doubt the fear holding me back. 
  5. I acknowledge my achievements at the end of the day.  Even if it was a bad day I must have learnt something and that's a positive. This keeps upbeat and eager for tmrw so i can apply what I've learnt .

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