Sandeep_Gupta
Short

Head & Shoulder

FX:EURJPY   Euro / Japanese Yen
There is daily resistance and head and shoulder is forming.
So what will b the next move..I have invested a good sum of money according to your trading idea..I m new in trading..but later when I realised that u were wrong as a strong divergence is been shown for the upside move.
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Sandeep_Gupta yuvrajsingh7722
There was negative divergence to down move but some how it went south. This happens as the market is always right. You have to cover this with proper money management.
+1 Reply
Yes you are right, dear we can not count every trade, we need only 40% good trades with proper money management, mine is better than this.
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IvanLabrie Sandeep_Gupta
That's a great piece of advice Sandeep...really changed my concept of trading when I learned better risk/money management/capital preservation techniques from my mentor.
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unfortunately your eyes about as good as mine on this one, wow were we wrong here.
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