I sat down for an afternoon session again today at 1.21pm and finished at 1.49pm for +1 pip off two trades. The thinking behind this was that I will be more relaxed and more awake to trade at this time. But my issues are, I haven’t mastered GOWID yet and I’m not waiting for good entry points.
My first trade, which was a sell, was pure luck. The duration of this trade was just under 5 minutes. It did not go positive straight away, in fact it didn’t go positive at all and thankfully, I got out when the losses had reduced to -2 pips instead of -7 or -8 that it reached at one point.
I then immediately jumped into a buy trade as I felt that the Cable was going to reverse, and it did, but very slowly. The duration of this trade was just over 1 minute, still way too long for what I should be going for. This trade produced a lucky +3 pips.
I watched for another 5 minutes or so and decided to call it a day as announcements were due at 2pm and the rules state, no trading 15 minutes before or after announcements right?
No comments:
Post a Comment