DislikedMy trade today: Short 2 positions EUR/USD @ 1.6862 @ Sydney Australia time @ 13:23 Reason to trade: All three time frames are down trend. Big Boss (Daily): last candle stick is BEEB. {image} Boss (4H): two dojis, one of them can be treated as Shooting Star. {image} Worker (1H): last candle stick is BEOB {image} Trade plan: TL @1.17022, TP 1 @1.1668, and move the TL of another position to break even. TP 2 @1.6848 EDIT 1: TL @1.17002 not @1.17022 Result: Existed position 1 on the TP1, then position 2 was stopped out on the break even price. Any comments?...Ignored
I like to think of the big boss as the big picture, like a map that notes the big landmarks, then the boss shows what's going on now, and the worker is the timing of your entry.
EDIT: I should say I'm terrible at trading ranges so far! I'm mostly sticking to taking trades in the direction of the weekly candles.