GBPUSD Short Recap
Identified an opportunity during London Session.
Price was looking to take out an old high
Identified the legs of an ABC structure
As it did we looked for a creation of structure before the liquidity grab
Moved to 15 Min
After the Liquidity grab, we looked for price to break past the creation of structure for a market structure shift MSS or CHoCH
Moved to 5 Min to ID FVG
Wait for price to enter FVG and set SL above recent High
Set TP at or near point B of wave
Targeting 1:2.5 RR risking 1(or 2) percent of account
Emotion:
Groggy as I randomly woke up between 1:30-2 am
ID Session Time and likely pair
Confident in what looked to be forming
Surprised that I woke up to what looks to be a perfect set up
Frustrated due to sleep time, and inability to understand/read to FXBook calculator
Trade MGMT:
Entered minutes later than expected due to calculator difficulties
Added the wrong lot size by a few as I was unfamiliar with mobile MT5
Created feelings of FOMO that I was missing money or wouldn't get an accurate reading with what looked to be a perfect setup
Finally figured out the correct lot size and that I added 1.00 lot initially, and only needed .13 more to risk the %1/2 intended
Was tired and didn't remember if I risked 1 or 2 percent
Added and additional .13 position far past the initial trade,
Looked at the additional .13 as a scale in opportunity, which is something I'd like to be apart of my overall plan
Price was looking to take out an old high
Identified the legs of an ABC structure
As it did we looked for a creation of structure before the liquidity grab
Moved to 15 Min
After the Liquidity grab, we looked for price to break past the creation of structure for a market structure shift MSS or CHoCH
Moved to 5 Min to ID FVG
Wait for price to enter FVG and set SL above recent High
Set TP at or near point B of wave
Targeting 1:2.5 RR risking 1(or 2) percent of account
Emotion:
Groggy as I randomly woke up between 1:30-2 am
ID Session Time and likely pair
Confident in what looked to be forming
Surprised that I woke up to what looks to be a perfect set up
Frustrated due to sleep time, and inability to understand/read to FXBook calculator
Trade MGMT:
Entered minutes later than expected due to calculator difficulties
Added the wrong lot size by a few as I was unfamiliar with mobile MT5
Created feelings of FOMO that I was missing money or wouldn't get an accurate reading with what looked to be a perfect setup
Finally figured out the correct lot size and that I added 1.00 lot initially, and only needed .13 more to risk the %1/2 intended
Was tired and didn't remember if I risked 1 or 2 percent
Added and additional .13 position far past the initial trade,
Looked at the additional .13 as a scale in opportunity, which is something I'd like to be apart of my overall plan
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