TRADE, USDCAD, 18.10.2016

TRADE SUMMARY: market moved into a grade B zone. I have entered on retrace. Market then slowly moved lower and overnight got me out.

Good:

  • Spot on

Bad:

  • Did not adjust risk per trade appropriately, should have been 0.5%
  • This trade and GOLD, with following GOLD higher without me, led to a serious of stupid orders, that I have canceled afterwards but were initially damaging to my trading (TILT)

To Improve:

  • Always grade the zone and remember to adjust risk size per the quality of the zone

Result:

-1R

SCREENS:

D1

H1

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