Eur/Chf is a trade I lost earlier. I lost less than 1 percent of my account. I was expecting the trend to continue up around the 26 day ema on the daily time frame. This did not happen and we should expect that from time to time.
I will enter a buy now based upon the swing up , the 786 retracement , and now im expecting a new swing up.
So im entering this trade very small and my stop loss is just below the current candle on the daily time frame. Today's candle....
I wish anyone who follows this idea good luck and as long as you keep the trades as small as you possibly can , we can always re enter the trades when we lose with a new plan.
The first plan to enter eur/chf was a trend following idea at the rejection of the 26 ema on the day chart. This plan failed. SO Now I will enter based on a 786 Fib Retracement... Again, we will lose from time to time but as long as we keep every trade small and follow a plan , we will be able to win more than we lose. This is how you have to trade. There is no other way.
I will enter a buy now based upon the swing up , the 786 retracement , and now im expecting a new swing up.
So im entering this trade very small and my stop loss is just below the current candle on the daily time frame. Today's candle....
I wish anyone who follows this idea good luck and as long as you keep the trades as small as you possibly can , we can always re enter the trades when we lose with a new plan.
The first plan to enter eur/chf was a trend following idea at the rejection of the 26 ema on the day chart. This plan failed. SO Now I will enter based on a 786 Fib Retracement... Again, we will lose from time to time but as long as we keep every trade small and follow a plan , we will be able to win more than we lose. This is how you have to trade. There is no other way.