Wednesday March 21 UK BOE CAD Retail USD Fed
After yesterdays 200 pips move we made a flag over night and were ready to go up all trends down were now broken. Broke out at 2:30 and I jumped the gun on the entry and got in 10 pips higher then the real entry was a stupid mistake. And then when real enrtry came missed it on the other platforms cause was messing around and wasnt ready from now 5mins before entry need to check all platforms and targets and entries with stops and limits in place.
The trade was long at 9633 essentially and I knew 50 was reistance so should have gotten out there, but was waiting for 52 though never got there then stop to BE or take 10 pips because before news.
Need to concentrate and at 5:30pm start getting ready for "work" and stop doing other things, also clear up desk and get all screens and platforms up and running.
Then accidently got into a 800k trade on currenex and for some stupid reason I had a chance to get out but I didn't. Held it and then MPC came out 8-1 versus 7-2 and got killed. Need to get out of mistake trades.
The whole day was a mess. Was over-excited from yesterday and was totally careless so this was a good lesson. Also I should have set my TP for 10 pips on all trades and been done with it.
Remember
TRADE MORE LOTS not MORE PIPS
10 was enough for today at 2:30 and then no more trading, when the mistake happend and you had a chance to get out I should have realised from the rules there was no more trades and it was purly 50-50 and luck that I was playing with here nothing else
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