Re: Pin Bar System
How stupid do I feel....
Set my initial T/P at S1 circa 50pips. London opened and it started falling fast, so removed my T/P, and felt quite smug when it sailed through S1, on it's way i thought to S2 where I would happily take 100pips.
Nearly cashed out when it slowed at 75pips, but greedily hung on to have my protective stop at +20 hit.
A win is a win, but I see it more as at least 30pips given away.
Worse still I took a short on GBP/JPY which was 0.9 pips from S1 at +19, now showing -16. So from having the chance of an easy 69 pips before 8.30 am, I will be lucky to stay in the black on these two trades. Must learn to manage my stops with more discipline !!! |