Wednesday, February 12, 2014

A300E Trial

I still have $100+ left (out of $200 required to open a live account) in one of my live accounts and I decided to try out what I have saw during the public talk on a LIVE account.

I opened a SELL right after the origin lock at 1243.67



I left this trade open hoping that the trend downward continues, o boy I was wrong! This trade took almost 25% of my account, bad start.

Trade Summary
Position: SELL
Open: 1242.34 2014.02.03 09:50:05
Close: 1269.16 2014.02.05 15:20:03
P/L: -2682pips

Points to ponder on this trade
1. I didn't understand where to draw the correct lines for origin to break. Fortunately I attended the USU market review that night and Carlo discussed about x and turns (the key to draw the correct lines to break by origin)
2. I didn't draw follow my hard SL which is 1500pips
3. I was only focused on M5 time frame, I should have check M15 if the trend is the same as M5

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