Results: 6 trades, 6 losses, for <51> pips

We saw a return to something we have seen quite a bit over the last few months – no follow through. My trade plans showed the Euro and Pound pairs in Clear Directional Moves (CDMs), but every thing else in ranges.

I ended up taking Yellow Line trades short on both the GBPJPY and GBPUSD pairs shortly before the NY equities open, and then added an RBO trade on the EURGBP. The two CDMs stopped out just after I entered the EURGBP. Then the EURGBP closed back inside the range for <4>.

I then had pending orders hit first on the EURJPY, which was also stopped out, and then on the EURUSD, which, likewise stopped out.

Finally, when I was down <44>, the PO on the CADJPY range break hit and closed just outside the break on the first candle, but then closed back inside on the second candle, taking me out for <6>, and putting me over my line in the sand at <51>. So no more trades for me today.

Disappointing. What could I have done differently? Perhaps been more conservative at the start – entering one trade and see what it does before entering multiple trades in correlated pairs. But each trade had criteria. And, as Kim says, #weneverknow. You never know which one is going to hit, and if you hold back, it may well be the one that you didn’t take.