NZDCAD short 1:1 RR from 1hr Resistance

25 ก.พ. 2020

I took this short because at the time I thought that it was a valid trade. I followed my process, I followed my plan... however during the middle of the trade I realized that the 15m structure over the last 24 hours was creating HH's and HL's. This does not meet my setup criteria. It took this trade for me to realize that I need to add this concept to my filtering process in the morning. That's what I took from this trade. Additionally my execution on the supposed "valid " trade was poor as well. I was rushing to get my entry in. I feel like my more refined process will enable me to relax and trade logically. Not consumed by the Fear of Missing out. That is if I decide to follow the plan/process I have for myself each morning. Price actually got to TP area but my intuition was telling me that we were going to keep heading down. I removed TP order and price decided to reverse on me. I suppose this is another lesson. Take what the market gives you.