samuraichopsticks
Short

EURJPY results yesterdays ABCD

FX:EURJPY   Euro / Japanese Yen
Here is a note to myself that I want to share of yesterdays trading setup on a bearish ABCD setup. I took this trade because I missed the hourly Cypher pattern that completed 2 days ago. The emotional part of trading is the most difficult part. Yesterday price touched and rejected T2 3 times. My trading plan allows me that when T2 has been hit I may exit the trade according to some rules. Studies shows that after 18hours on a 15min chart most likely a pullback or correction move may follow. I had put this in my trading plan set of rules for exiting a trade. I'm petting myself on the back for letting 10 pips go over almost a 40pip pullback. The plan was to re-enter short on the next setup. The asian session put up a nice double top which made way for a 2.618 trade but unfortunately that never got filled. In the end the market respected the ABCD pattern as price touched all 3 targets.

The question I asked to myself in the past was how can I apply a set of rules when targets has been missed.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out