Beating Alpha

iterating towards truth

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TRADE, EURUSD, 22.8.2016

TRADE SUMMARY: strong post BREXIT drop, caused market range and slowly retrace. On a swing retrace, held ENTRY at SZ, targeting lower areas of previous Support. Retrace came and then headed towards the target.

Good:

– Good decent zone, driven by NEWS was a good factor. 

Bad:

– initially have thought that H1 SZ is depleated, but carry on holiding limit order forward 

To Improve:

– WHAT IF game: what if my limit was triggered by spread widening and I would ran the first leg down. In that scenario, I would have tigthen the SL and be stopped out with a profit of max 1R

Result:

+3.1R

SCREENS:

D1

H1

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