Looking back, the biggest problem was the high range bullish candles in the CD leg of an already questionable bat. Daily ATR from the session prior to execution was also greater than 1.2 ATR(52) which warned of further gains.
Original shorts were planned for 0.8025, but this level hit outside trading hours on Thursday. I was actually relieved to have the entry decision taken out of my hands. From here we got a 30 pip pullback, then traded up to 0.8035 on Frankfurt, taking out the previous session's highs. I thought this was possibly a fake-out, and seeing the price I wanted at the correct time of day, entered short at 0.8030.
I got 15 pips into the money then things turned sour. Price ground higher for the remainder of the session, not a pleasant way to spend a Friday evening! I've seen it before on a Friday...trend days with little chance of reversal, especially with the previous week's highs and stops so close (0.8050). Perhaps I should have realised the trade wasn't working and exited early, but that's easy to say with hindsight.
Overall, an acceptable trade with poor result (stopped out 0.8084). I took the loss hard because I'd passed on a USDCAD short during the week that was perfect, but took this dog that wiped all gains from the previous AUDJPY.
After wallowing in self pity for a day, I'm slowly starting to feel better. Journalling my thoughts is once again aiding the recovery. It was an ok trade that just didn't work out...it's happens. As long as I follow the plan I can hold my head high.
Next.
