Hello guys!
Looks like this trade will fill in TP or I will close it manually.
So what I'm looking for in the chart at the moment:
The momentum of buyers is coming, just I want to see how strong this momentum will be.
The big probability that the chart will change direction at least for bigger correction, before moving down.
I hope to see some signs, confirmations or patterns for LONG trades.
Let's see what chart will show us.
I had some losses today if you want to read about them see below. ;)
Thank you
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
If you watching my analysis you saw that I had another short trade that was closed with SL.
But at the end of the day, the price moved down to the level where my TP was.
So why I didn't open another position and sell it again after price reached my SL?
That's a good question. First of all, I'm trying not to gamble in forex - sometimes in this business your minds more important than your analysis.
And why is that? Usually, people believe in themselves so badly that they even don't know when to stop.
So I have a rule if my SL was reached I'm trying to stop trading immediately for some. I have to be comfortable before I take action.
Looks like I was right, but I lost. It happens, it's completely fine.
And second, sometimes the market making big moves against you. I don't know what about you, but my goal is to keep save my account and earn as much as possible.
Looks like this trade will fill in TP or I will close it manually.
So what I'm looking for in the chart at the moment:
The momentum of buyers is coming, just I want to see how strong this momentum will be.
The big probability that the chart will change direction at least for bigger correction, before moving down.
I hope to see some signs, confirmations or patterns for LONG trades.
Let's see what chart will show us.
I had some losses today if you want to read about them see below. ;)
Thank you
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
If you watching my analysis you saw that I had another short trade that was closed with SL.
But at the end of the day, the price moved down to the level where my TP was.
So why I didn't open another position and sell it again after price reached my SL?
That's a good question. First of all, I'm trying not to gamble in forex - sometimes in this business your minds more important than your analysis.
And why is that? Usually, people believe in themselves so badly that they even don't know when to stop.
So I have a rule if my SL was reached I'm trying to stop trading immediately for some. I have to be comfortable before I take action.
Looks like I was right, but I lost. It happens, it's completely fine.
And second, sometimes the market making big moves against you. I don't know what about you, but my goal is to keep save my account and earn as much as possible.