This is how eurusd looked when I took the trade. No resistance was there, due to sleep I didn’t check my charts either, only my positions on my smartphone. Closed it on -7pips loss, when I saw the new resistance.
This is how eurjpy looked when I took the trade. The new candle shows up in 43 seconds. Was taken out by my stoploss at 131.650. Placed a tight stoploss when looking at my phone, didn’t like the big resistance(double tops). If I had looked at my computer this night I think I would have exit earlier manually due to see the real charts with my indicators.
Looking at it even more, I bought in to a place of heavy ranging. Anyhow I had my speculation and knew the consequenses.
I will start to look into my own money management plan, think I will modifiy stoploss and target with Average Daily Range for every pair, maybe open to trades, let one flow as long as possible and the other one with a target. Based on ADR. Will get back if I work something out. Seen to many trades in good profit being materialized to only a few pips in profit. Also needs to say that it’s saved when the big reversal has come.