Loss avoided

It's a good thing I made it a rule to cancel all unopened trades after 7.50 pm, otherwise I would have lost yesterday's trade. At 7.50 pm I closed both the trades I set up. In case of break of the lower channel, I've set the entry, stoploss and target. Same goes for long.

The break finally happens at about 9.15 pm, but it dips about 36 pips before heading back up to hit the target. It's a rule for me not to re-enter after I'm stopped out the first day. It makes things too stressful for me.

Never think of pips you didn't get to make, think about the pips you saved. Defensive trading is crucial to survive in forex, that is trying to keep your capital.

Let's see what's in store for us later today at 4.35 pm. (GMT+8)