EURUSD Trade on Dec 28, 2015 04:18 from shellsnail: Tradervue User Stock Trades.

What did the market do?

After the trend turned up on the 15 minute, price immediately started moving up choppily. It retraced quite deeply after hitting into the intraday high at 1.09788. Eventually the level was broken and price settled at/consolidated around 1.09845, the previous swing high.

What did I do?

I got long pretty quickly after the trend turned into the first support play I could identify. Later I failed to scale out at where I planned to. I exited half of my position once the probability of price hitting my target within the trading session dropped to below a comfortable level. Later, near the highs of the day, I exited another half leaving only a tier 1 position size on that I will hold until price breaks VWAP on the 15 minute.

What was I thinking

Knowing that such A+ set-ups tend to bounce at every support, I knew I had to get long at the first opportunity that presented itself. Failure to scale out was complacency as I thought price had already consolidated sufficiently and was amped for a break-out.

What went best?

Putting on tier 4 risk for my A+ set-up.

What went worst?

Not scaling out at planned level, therefore losing quite a bit of potential profit since I could have scaled out and added back on at a lower level.

Continue best

Being vigilant and plan and visualise my plan. Make sure that I can execute them.

Stop worst

Cannot be complacent about levels. Price tends to react unexpectedly!