TRADE, AUDUSD, 19.10.2016

TRADE SUMMARY: trade wemt into the old SD zone, zone was not used but had a lower probability due to not creating a highest high around 123 pattern. Market turned into this zone through RAR pattern (RUN, ACCUMULATE, RUN). This was a first sign of weakness of my entry. Market jumped (run) and held the tight range. Then the STOP HUNT started. My SL got me out pretty quickly. 

Good:

• None

Bad:

• Position size

To Improve:

• Adjust position size based on the quality of the pattern
• Monitor over sample of 20-30 trades how quality this type of B zone is
• Grade every other trade in the future with: A+,A,B and adjust position size accordingly

Result:

-1R

SCREENS:

D1

M15 (for better visibility)