scalping eurusd

and another stopout ... do not try to trade late NY or Asia is the lesson ... I paid the piper

 

long 1.2055 target of 1.2110 in mind

 

Are you going to follow the trend today? I will do so since January is the month that currency pairs usually set new high or new low for the year

 

yes, I just added a bit at 1.2058, I will add some more later on, I got 1.2110 in mind as a target

 

three soldiers on 1H, engulfer up on 2H, this should roll all the way up to 6H

 

my disaster stop got hit: no trading before london opening is the message clearly send to me

 

extreme elation after a winning trade is very bad for trading.

 

that was not the problem here ... I got the wrong idea price action would really work outside london opening hours too, it doesn't but occasionally things do work out (like yesterday where I milked a signal from before London open); I just got lucky. Luck should have nothing to do with trading. The market told me to interpret my system differently.

 

my trading hours are from 09:00 till 17:30 CET from now on ... trading outside these hours is just gambling ... you might as wel take your money to the casino and play Russian roulette with it ...

 

damn my back aches from all the stupid mistakes I have made the last 24hours ... Geoge Soros had the same problem: when he was in a wrong position his back started to ache ;-)