Next trade
Today I was able to trade only morning session and I would like to discuss here one trade I initiated in EURUSD. What I would like to highlight here is the premature exit at first (3270) and very good re-entry after that. I mean the exit wasn't that premature since it was mentioned in my trade plan but I didn't wait for the BID to held bit longer to really see the reason for exit. Anyway after this mistake I was ready to re-short the position again if the trendline (see second image) would be broken. It happened and I entered SHORT again. The trade from then ON went straight down and hit my TP in matter of 2minutes and 53seconds. Looking at the charts now it was the best swing play of the day.
And the message? Even if you miss the trade or exit prematurely always look at technicals. If they start to make sense again re-initiate the position, lock and load. Because it is not about what happened 5minutes ago. It is about what is going to happend next and how quickly you will be able readjust. It is about the next trade.
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