EURCAD long trade on 5/12/22
Pre-Analysis:-
- EURCAD on uptrend referring to higher time frame (D1 & H4).
- VSA chart show sign of strength (SOS) in M15 timeframe.
Entry:-
- Entry time 8:45pm
- Risk 0.25%
- Trade class: B trade (SOS with confirmation and got change in behaviour)
- Note on risk, for B trade I suppose to take a trade with 0.5% but this time I reduced it as previous trade (AUDUSD long) suffered with full loss of risk.
Post Analysis:-
- I closed trade with profits. (2.73R)
- Time of exit 5:30am (6/12/22)
- Look at what happen to my emotion and fear, as previous trade I lost then for this trade I decided to change risk taking to only 0.25% instead of 0.5%.
- This emotion resulting from the unnecessary lost made me missed larger profits. If I took this trade as per usual 0.5% (B trade), then my profits will be 1.365% of my account balance.
- With reduced risk I manage to get only 0.6825% increase out of account balance.
- What a missed still. High performance trader might consider this as a loss as well.
- Update:- as at around 5:00pm (7/12/22) this is how EURCAD perform
