0.9050 is very strong suppply zone and today a bearish candle break yesterday's low, which indicate the future bearish trend i.e we can sell EURGBP and catch a mid term swing trade aim 0.8850 AND 0.8680
Why lost of money,must have risk-reward ratio and have trading plan then you are ok.
you do not win every trade .do not over trade
UnknownUnicorn365193
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I lost a lot of money becasuse of this trade.
GanaHosea
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@TheFox23, i always move SL to Break even when the market moves in my favour. It would have saved you some $$$
UnknownUnicorn365193
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@GanaHosea, After losing, researching and reading many articles, I found out that It is completely stuiped to put a position against the GBP at the moment. The Brexit talks has negative effect on the uk economy. Bears traders are waiting any negative news to push more and more. I find that this position is completely stuiped from fundemental point of view.
GanaHosea
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@TheFox23, you have to ask yourself if you want to become a fundamental or technical trader . from a technical point of view it makes a lot of sense. Sorry about the money you lost its very painful to lose money. But next time predefine what you want to lose for each trade accept the loss before you even place the trade. It will help minimize your loses. Also have a grand plan. @tntsunrise has very good videos on how to plan your trade it has been of real help to me.
UnknownUnicorn365193
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@GanaHosea, if you are a good trader you should consider that there is danger comming from Brexit talks. In these situations technical analysis will fail. which videos are you talking about.
MY VIEW ON 4H WHAT DO U THINK GUYS?