Hi !
Since a long time, wednesday is a bad day for me. The only day where I can trade almost all the daytime, it ends mostly by a loss... So I took the decision to change this !
This is my day story :
10:30 am : I'm back @t home. I turn on my screens and I run MT4. I'm ready to "trade forex like a pro" (FxPro Advertisement seen on Bloomberg TV).
Forex is rather flat, I have forgotten but today it's a non-working day in Japan. They are in Golden Week. But no stress, there are some news at 2:30 pm
2:30 pm : I take a short position on GBP/USD, but few minutes later I'm not confident and I decide to get out of my position. Result : 0 pips, it's a neutral trade.
2:45 pm : I open a short position on GBP/JPY, I put a tightened stop loss. More tightened than I used to set. The stop is reaches 20 minutes later.
In the same time I re-short GBP/USD. And when the stop was touched on GBP/JPY, I have decided to move down my TP in order to recover my loss. Very Good Idea Madjes ! The cross rebounce on a support, I'm afraid and I leave my position.
Results of these 2 trades : -26.5 pips or -27.14€ !
Mood : Angry !
After this 2 stupids trades, I decide to calm down and to listen nice music : America - Ventura Highway.
5:00 pm : I'm calm. In trading regrets are useless, so I have learned my lesson and I continue to trade.
5:15 pm : GBP/USD breaks its trendline and I open a long trade without hesitance. I set my stop loss and my TP at 30 pips.
5:20 pm : EUR/USD follow GBP/USD. I'm long. TP and stop loss at 20 pips.
Few minutes later, my target is reached on EUR/USD, but GBP/USD is turned over and I decide to leave for security with + 20 pips.
Results of 2 trades : +40.1 pips or +40.10€
Wednesday doesn't will be my bad day anymore !
Result of the day : +13.6 pips or+12.96€
Have a great day !
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