GBPJPY
time frame ----- 4h
account after -- 1419,59
entry ---------- 225.58
SL ------------- 225.85
TP ------------- 225.00
profit --------- -36,36
date ----------- 7. Dec
risk level ----- 2,5%
risk to reward - 2,15

Reason for:
entry - price reaching resistance - mistake, predicting will not be a successful strategy
stop loss - too far, because there was an instant market move after entering - mistake
trade profit - psychological level this time, however too far for this scalp

This was the third trade. Probably I felt a little angry on unconscious level although I asked myself before entering this trade, if this is my knowledge or emotions making the current trade. I was wrong. Firstly, it's not my strategy to capitalize on bounces but breakthroughs. The momentum against me was too risky - very bullish looking candle with no signs of reversal whatsoever. Again the stop loss was not planned correctly and I changed it after entering the trade.


MISTAKES TO AVOID IN THE FUTURE:
1) no more trading for the day after 2 losing trades
2) follow ONLY the strategy and not do experiments with real money
3) profit and loss targets must have logical reasons
4) keep an eye on momentum and candle size - no trading against momentum ever




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