[B]TRADE 64 11/20/14 08:41AM EST[/B]
Took short position at 185.59 with mental SL at 185.85 and TP at 184.85 for 3:1 reward/risk ratio. 10:1 leverage used. Viewing the market as a short-term bear trend. Entered at 2nd attempt of bulls to push prices higher. First attempt failed and made a lower low.
[B]UPDATE 09:30AM EST[/B]
Added 0.5 lots on 5min chart pullback. Entered at 185.31
[B]UPDATE 11/20/14 08:57PM EST[/B]
Closed all positions manually at 184.56 average. It still has some room to move further down, but i don’t want to be too greedy and leave it overnight even if stop losses are tightened. I said it before, i have to stick to my plan and if day trading is to be my approach, i must be good with taking day trading targets.
To be honest, i had a very stressful time watching the trade as it whipsawed through my entry price. I am aware that this indicates i still don’t have 100 percent confidence and faith in my calls and trade setups. Have to still practice on picking entry areas so i can be more confident and at peace when i leave trades open without having to glue my face to the screen all day. Anyway, +100 pips. So its a good day.