The month is back to red with only one day left. I could weep.
Not sure how else I should have read this, perhaps because the initial 8:00 bar was green I should have been more cautious about how the day would trend. But price had been trending downwards. Trading the range should have been a sure banker.
I went in at the first arrow bar (was up about £12 at one point, stop loss was £40 as was take profit).
Got stopped out at the second arrow bar.
I should maybe have noted those two red pin bars indicated very weak sellers, all the power was with the buyers, and pulled out early but that’s hard to do. Should also have noticed that double bottom which started the previous evening (I actually watched a Mark Holstead video today where he said these patterns are better on the 1 hour time frame).
I’m so upset.
All the good work last week is undone, I had hoped to be back to break-even on TD365 this week. I shouldn’t really trade again today but the American session is still to open and I may be able to undo some of the damage.
Anyway I’m going to be trading 0.5 size until the account is at £250 then I’ll reconsider.
Indices 27/04/2023 13:30:09