The month of April has been successful for me overall. I managed to earn 7% last week, and I'd like to share one of my three trades, that earned me the overall 7%! GBPUSD has been fundamentally on the forecast in the news. With the US not cutting FED rates, this puts a pound on the Great British economy! I have learned to incorporate fundamental analysis into my trades because I have had some excellent chart work in the past, but the price still went the other way. So now I value what is going on in the markets.
DID I FOLLOW MY PLAN? Yes, entered in my session!
WHAT DID I DO WELL? 1. Identified Reversal Candlesticks in higher timeframes!
WHAT CAN I DO BETTER? Allow price to reach my TP, and set my stop loss at TP1 and 2 before I pull out!
WHAT DID I LEARN? To stick to my rules regardless of what the market is doing!
DID I PREPARE PROPERLY? Yes, I waited for my confirmations to verify my entry!
WHY DID I TAKE THIS TRADE? I saw the trend continue its bearish direction!
WHAT IS IT YOU WERE SEEING? Price exhausting in the lower timeframes.
GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES: You only miss 100% of the shots you do not take!