Monday 29th of March

Good morning folks, I hope you’re well!

I hope you had a productive / fun weekend, I ended up pushing myself to do a half marathon Saturday – took me 2h05 for 21.1k so that was nice 🙂 Glad I can still do it!

Trade Update

I took USD/CHF for a potential short – we’ll see what happens. Entry wise it was a clear step-up, however, I came to realize (after taking the position) that doesn’t fit my trading plan.

I’ll admit, my unconscious was pushing me to keep the position on, so I’ve decided to follow my gut feeling on this one, I allow myself to do that once or twice every 10 trades so I can follow my unconscious when it’s extremely strong.

FX Watchlist

EUR/USD

Euro Dollar is quite interesting, or at least it looks decent – I’ll wait to see how it develops and if we reach the area of demand. It’s a clear area – a valid counter zone and it has a monthly stack so rather happy with it

GBP/JPY

Pound Yen is also on my watch for a potential short, it’s a rather gorgeous set-up in my eyes clear trend line break and we have a clear weekly stack

That’s it for today 🙂

Daily Tweet

Even if you only risk 1% or less of your account on a trade, you still want to risk that 1% on a trade that is actually worth taking.

Not trading can be difficult, but small losses can add up quickly.

— Lone Stock Trader (@LoneStockTrader) March 29, 2021

Don’t take a trade because you want to trade.