- 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.
- On days when NFP’s or US GDP figures are due I don't trade until after the results.
- 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.
- 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.
- 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 .
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.
Subscribe to:
Posts (Atom)
No comments:
Post a Comment