Trading Day 6

DAX
The DAX had lost 200 pips yesterday. I was wrong to assume range day, it went down big time, due to the election worried and EURUSD surgge to 1.1080



The Daily Trend  is Sell, Hourly trend  is SELL

Other

Nikkei: -2.12%, Negative
Hang Seng -1.16%, Negative




Currencies
EURUSD: 1.1061 +0.61%, negative


Agenda
Europe - Many PMIs

US Session - FOMC, big impact

STRATEGY FOR TODAY
2 Scenarios
1.Continues to go down - likely. Then I'll play only short
2. A constant recovery is ssen. I'll play long with tight SL


Monitor very carefully EURUSD and Nikkei for further strenght and open short position

Ticket Size: 10
Number of Tickets: Max 2
Direction: Long/Short
Target: 192 CHF, Max 210CHF


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Results
First long right after pre-start as market dropped 70bps. Exited with 170 profit 5 minuted before 09:00, which was a clever thing to do as the market then dropped like a rock to 10440
I then entered to quick and to long and with a too high ticket size to do the rest of the 20-30 CHF. Went again counter-trend long, market dropped 20 pips, when I saw that the drop is halted doubled down and exited for 50 CHF in profit


All in all I got the daily target BUT

• Should have gone with the trend
• Should have not entered the second trade immediately after the first one but waited one hour (next time minimum 10 minutes break rule)
• Should have not doubled down

Too much risks taken, could have gone completely wrong.