Trade Closed EURCAD (-28 bps)

You know that feeling when you buy a piece of clothing, convinced you look fabulous,  only to get home and realise, "This is hideous! What was I thinking?" Well that's how I feel about this trade, and unfortunately my broker has a no return policy.

Although the trade had some merits, where was the QM? Oh that's right, there wasn't one. I thought I had one on the M1, but it was bullshit. That's right, I'm gonna swear in here.

We hadn't even reached ATR 3, so all I had was the 3SMA, a bearish bat, and a ridiculous trendline. The fact is I just wanted to get set on something having not traded for a week, and feeling I had been too conservative not taking the gbpaud short on Monday.

The trade barely spent a minute in the money, the stopped out just off the highs, losing 280 bps and getting precisely what it deserved.

Disappointed in myself.