EUR/USD Trade (Week 5 - 9 Sep)

EUR/USD Hourly

Saddle point
1. bracketed market with an up and down fractal (tight consolidation pattern)
2. alligator is sleeping
3. AO and AC near zero

Then it break the down fractal, Instead of selling it at 1.4050 (one tick below the down fractal), I wait for a pullback to have my 30 pips stop loss (risk control), Sell at 1.4060 with a stop at 1.4090..

Closed it at 1.3970, (using risk and reward 1:3), + 90 pips..

Using the red line, I'd still be in the market with a floating profit of 400 pips.. , but don't have the guts back then.. Still learning to want what the market wants : )

Also missed a couple of good trade since i'm not comfortable with the risk level, i didn't take it.. (risk control)

"Don't worry about the trade we missed, be prepared of what's coming next"

Until next opportunity...