Closed out USDSEK earlier this morning for a couple of reasons. normally on a two step I only give it that, two steps, so after a second shot at a deeper pullback I'm done. This one I was willing to hit it a 3rd time because I liked that level...but I didn't take into consideration the longer term traders, weekly flow was rolling over. You'll find the best trades are when different term traders have their order flow lined up and run the market. Small loss, 1/3rd of a full loss.
I've had 6 winners, and 2 losses including this usdSEK trade, both were manual closes because after review realized it wasn't lining up with my rules. The other close out was a good call, market dropped 100+ pips, encouraging to have a solid expectation before it happens. It's calming to have a good feel for the market, to know when I take a trade I fully accept what may happen. I see both sides of what the trade could do and simply line of with who's expected to dominate.
I've had 6 winners, and 2 losses including this usdSEK trade, both were manual closes because after review realized it wasn't lining up with my rules. The other close out was a good call, market dropped 100+ pips, encouraging to have a solid expectation before it happens. It's calming to have a good feel for the market, to know when I take a trade I fully accept what may happen. I see both sides of what the trade could do and simply line of with who's expected to dominate.