A300E 02.13.2014

Currently at 0723H MNL, there is no clear signal which trade to take. I am looking at 3 possible trade set-ups today.

Set-up #1
Origin break of 1289.65 and TP of 1283.86 for a SELL trade. If this will happen, I must actively manage the current open SELL position that I have and keep the active BUY position for the longer trend. Close the BUY position if there is a candle lock below trendsetter in H1. If candle lock below trendsetter in H1 happens, PA will likely go to the trendsetter in H4.

Set-up #2
Origin break of 1292.55 and TP at level 1 of current Ambuyat. If this happens, I must close the active SELL position with a possible loss of -1288pips

Set-up #3
Origin break of the level 1 of current Ambuyat and get ready for a possible A300 trade also. This will be the 2nd BUY trade for the day. Active SELL position must be already be closed to prevent further damaged by now.

Update #1 1417H MNL
Set-up #1 was activated

Update #2 1009H MNL 2014.02.14
Massive loss, upon activation of set-up#1, set-up#2 and #3 was activated at 13:40H server time and I didn't follow my set-up. I should have followed it faithfully and also closed set-up #1 even at a loss. This gross negligence of not following my set-up cost me a total of -4001pips and I am back when I started with A300E last week, this time with -250pips down.

Trade Summary:
Position: SELL
Open: 1289.24 2014.02.13 08:15:04
Close: 1307.20 2014.02.14 03:48:10
P/L: -1796