dchua1969
Long

A is for Abundance

FX:EURNZD   Euro / New Zealand Dollar
See the 1.4% spike up? So, if you have missed it, it is OK. No need to kick yourself, swear and blame the whole world or the market for not telling you. Accept it with grace. There would always be some that you would missed in the market unless you are a big timer and can participate in all asset classes.

And if this is in your radar and you missed it, stay cool and calm (easier said than done). If you panic and start to chase the high price, you would suffer the pull back as indicated on the chart. Relax, let the price retreat a little and when it has gathered enough power to surge again, that's where you enter or re-enter your position.

Just because the text book says a flag pattern is bullish does not mean it will always behave like that in the real market.
Just because the text book says a flag pattern is bullish does not mean it will always behave like that in the real market.

The above sentence is so IMPORTANT that it warrants a repeat .

Come with an open mind, be flexible (Bruce Lee - Be like water) and adopt a responsible attitude towards trading, never blaming the President, politics, interest rate hikes, friends' tips, etc etc. You and ONLY you need to take the action and with that bear 100% of the consequences. It may sounds harsh but once you come around it and fully appreciate the concept behind it, I am sure you would be a peaceful and happy trader.
Comment: thank you mr market. I hope you make some good profits, cheers
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