FX:EURUSD Euro Fx/U.S. Dollar
Earlier in the day I shared a chart looking at 2 potential formations on the Euro . Well, while in the Live Trading Room we also discovered a third opportunity her eon the 4 Hour chart in the form of an Advanced Formation. This particular has a deeper than usual "D" completion providing us with a better risk to reward ratio then what we would typically expect from this formation.
Trade active: Filled Long at 1.1060
Comment: This is a LONG setup. Must have hit "Short" in the title by accident
Trade closed: stop reached: Stopped out for -45
I'm sorry but that's not a pair that's in my trading portfolio so I'm not up to date on what it's doing. Even if I was you haven't given me enough information to lend you my opinion (such as the timeframe that you're looking on). In general i would tell you this, if what you see on the chart meets the rules within your trading plan, then I think that it's an excellent opportunity.
nope..."sitting out" was me knowing that i did not properly evaluate entries/exits/and RR on this opportunity trade for THIS pair, and NOT clicking "buy" just because you posted it...lol...this has been my challenge (really downfall) for me in my 1st year of trading....i'd rush trades, hop in too late, hop out too soon, buy here, sell there, it reversed here, eventually sabotaging nearly all my capital..luckily i've taken a step back and slowed down ALOT...know i know, i'm only as good as my next trade, so if it didn't meet my rules initially, only to find out it was bc of an error on my part lets me know to not force the trade...there's always tomorrow...you're videos have taught me ALOT...eventually i'll have enough to take your 12WT course! thanks again!