Quote: "When you really believe that trading is simply a probability game, concepts like right and wrong or win or lose no longer have the same significance"
First trading day of the month and we have already seen some high equity gains in the contest and few traders have almost double up their equity. As far as I am concern, I am taking it easy and will try to build up my equity slowly with minimum risk possible. My average risk per trade will stay around 6% to 8% per trade.
Couple of trades triggered today, here are summary of those trades:
1) USDCAD: Entered sell limit order based on M15 supply and and instant retest and was expected this supply to hold and push price down to next demand zone, but there was no reaction from the zone and price hit my stop loss. Trade Result -1.00R.
2) GBPUSD: Entered by limit order based on M15 demand zone. There was instant reaction from this zone and price missed my take profit by few pips and since then it's consolidating between my stop loss and take profit. Initial stop loss was 1.5960 (20 pips) but I tightened stop loss to 1.59.65 (15 pips). Currently +8 in profit, let's see how it reacts in Asian session.
