Blue arrow shows my losing trade; green shows winningInitial plan was to trade off the Hourly:
Since it's probably going to take hours before I can make a move, I took trades off the 5 min (which is really NOT my favorite timeframe for FX trading) in the meantime.Nothing much to say for the losing trade except that not very many people wanted to buy at the price I went in at so it was just too bad for me. In time, after many small (ouch, ouch, ouch!!!) losses, I'm sure I'll learn to NOT buy in the middle of a channel just as price's moving down!
Not touching the 5min anymore for the day. Will either take a trade on the hourly or wait for a setup in the ES.
