Yeah, I managed to spot the divergence on UJ and got in there early. Closed now with a decent profit.
I'm not planning on changing my strategy too much, will use the same time frames but am going to perfect entry and exit criteria with the idea of a closer TP but tighter stops. The hardest part is the entry - at the moment it's quite loose and I scale in and the trade can sometimes be in the red for a while before eventually moving in the intended direction. I have to be careful with changes here or it could result in multiple stop-outs..
While I was enjoying the bullish oil run Q3 and Q4 last year, I started thinking "why not risk less, with closer targets and make multiple trades within the 1-2 trades I'm currently making?".
Bottom line; I'm sick of having one to two large runs covering the past 5+ losses and some. I want more action.
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Forex Trading 2018- TA/FA- Setups and discussion, page-4006
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