Author: Rigel the System

The daily journal of the forex trading system, Rigel. Named from the brightest blue star among the visible 5,000 stars at night.

2020W03 Recap

  • Monday +$585.68
    • Market
      • 4 orders taken
      • Almost every positions were within one hour
    • Do good
      • No over trade made
      • Small lot for bullish pairs
      • Great comeback for EURCHF
    • Do better
      • Manually revised TP many times
  • Tuesday +$675.80
    • Market
      • 2 orders taken
      • 1 order of long holding (3H+) with 7H
    • Do good
      • MM
      • No entry without a signal
    • Do better
      • No SL, seriously?
  • Wednesday -$2,729.76
    • Market
      • 1 order taken
    • Do good
      • Ignore other signals while holding to a position
      • Attempt to fix
    • Do better
      • The rest
      • Should’ve closed the position with the H1 reversal PA emerges
      • Instead, open an additional positions based from M5 (false) PA reversal
      • And did it multiple times!
      • Also betting on the scheduled news with -6%
      • Resulting in a self freaked out
    • Thursday -$1,283.44
      • Market
        • 4 orders taken
        • 3 orders with short holding
        • 5 non-signal orders taken
      • Do good
        • Reduce the lot size with abnormal mind
      • Do better
        • Super over trade with lot 10, resulting in a big loss
        • Non-signal orders result were -$600
    • Friday +$601.08
      • Market
        • 5 orders taken
        • 4 short holding orders
      • Do good
        • Mentality recovered, strictly following the signal
        • No over trade
        • Set SL H1+2pips for all orders
      • Do better
        • Ignore H1 PA reversal in one order
    • Total week -$2,150.64
      • No manual orders
      • Don’t over trade
      • Take action with H1 PA reversal

EURUSD

  • Do good
    • H1 reversal PA
    • SL H1+2 pips
    • Saw M1 reversal trend but on hold due to the max MM
    • Adjust the additional position TP to 9 pips / original position to 1 pips to maintain the profit
  • Do better
    • Late entry with 15 minutes later
    • Saw M1 reversal trend and add 33% more with TP 5 pips
    • A divergence at M1 confirms the reversal. Add another position
    • Adjust the TP points multiple times