EURUSD Short +30pips 0.2Lots

I did not see anything I liked on Monday and I decided to not even look at the markets for Tuesday. I think this is very important because as I get more and more comfortable with my trading, I don't need to be forcing things everyday. At first I was looking for a set up everywhere, and if you look hard enough, you can see both the buy and the sell scenario.

Another thing that I think is important, is that I've seen more experienced traders making some predictions on Twitter and I've not let them affect me. Sometimes it's a relief having some confirmation from other sources, but the best teacher in my opinion is experience so I'll go with what I'm learning.

Anyway, here's what was happening yesterday:

I had done my analysis early on and noticed I could potentially see a short in Euro or Pound. I thought cable was way too extended for my liking and decided to look for Euro. Euro had moved a bit already and I didn't think it'd give me an opportunity to sell on a limit order as the price I wanted was too close to the current price. I decided to take a short right then and there, with a 20 pip stop loss and looking for 30 pips for a 1.5R trade.

 Dollar had some room to go to take out the buy stops above 100.00 so I thought it'd be a good idea. I wasn't sure we'd get to 1.0770 stops on Euro and decided not to push it.

I woke up this morning to see that the trade had already panned out for a cool 2% gain in the account.

Since I opened this demo account I'm up 6.45% (February 14th - March 29th) for six weeks. I'm happy with my development and I have learned a lot. I'm ready to trade live and see how that affects my trading as the psychology involved is probably a lot tougher than demo.

Below is my trade history taken from MyFxBook.