intro: Got short the EU and EJ this morning (tuesday 21st) on sell limits at supply. The Euro entered a hard uptrend and both shortly triggered and got stopped out. Failed to notice they were both at daily demand!
thoughts: I changed my method for identifying S/D areas on Monday and it doesn't seem to have helped! Couple this with the fact that I failed to to measure the potential moves, both of which were sub 1:3 which is not the game plan, so many faults
summary: Faultly by nature, "hip stop horray". Either got to set limit orders at daily levels or at least have them marked to avoid being on the wrong side of the move and to measure risk correctly!
EJ trade:
EU trade:
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