Trade 18 – AUD/JPY

Entry

t18audjpy1Reference on the Daily Uptrend very much intact with price consolidating at a resistance level

t18audjpy2Entry on 4H Again, another bad entry due to the FOMO. Placed a limit order but a bit too much of guesswork is involved when placing a limit order, decreasing precision, consistency and objectivity. The lack of confirmation might also be costly.

Reference to Trade 9

1% capital risked for potentially 9.5R.

Entry: 86.68 | Stop loss: 85.7 | Target Profit: 96

Psychology and emotions – Lately been suffering from FOMO. Workflow is starting to get in place though.

Exit

download.pngStopped out. At 85.7 as mentioned above. Again, the importance of risk management.

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