TRADE, EURGBP, 23.9.2016

TRADE SUMMARY: nice daily pinbar at the previous DAILY HIGH + NICE SUPPLY ZONE. This was suppose to be a trade of the week. But! There is always a but. That nice pin bar at the right area had something before it broke. A tight range, that faked in one direction and then took everyone including me on the other direction. The anticipated retrace came simply too late and my level did not hold. Well that happens. Although at the M15 and H1 looking, I knew, this is not gonna work and I should close it. Intuition screemed at me. I did not follow, since the rules were clear. One has to know when is the right time to break the rules. This was potentially that time.

Good:

• decent area d1
• decent entry at h1

Bad:

• that fake breakout of range to the opposite side could have warned me

To Improve:

• there should be added third decission level making attribute to your plan: discretion decisioning. The hardest thing is to recognize difference between fear and intuition

Result:

-1R

SCREENS:

D1

H1