Entered two trades too early today. Long EUR/USD at 1.4020 and exited at 1.3940. The price plummet the hour i entered. Too impulsive. Entered before i checked the economic calender. There are substantial of data to be released and all are EU related. Second trade, long GBP/JPY at 150.80 and its currently still on.
Approximately 5 hours later, the trade goes up very close to my BE but i did not close it as greed overcome my fear.
First lesson, do not enter early. The window for entering trade is from GMT 2:00 to GMT 14:00
Cheers.
Updates: Second trade, GBP/JPY ended with adjusted PT of 120 pips. Even out the earlier trade. Made small profits again.
Approximately 5 hours later, the trade goes up very close to my BE but i did not close it as greed overcome my fear.
First lesson, do not enter early. The window for entering trade is from GMT 2:00 to GMT 14:00
Cheers.
Updates: Second trade, GBP/JPY ended with adjusted PT of 120 pips. Even out the earlier trade. Made small profits again.
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