30 minutes timeframe of GBPJPY:
As a forex trader, I'm made a big mistake on the trading execution of GBPJPY currency pair. As mentioned above, I didn't have to fulfill my trading target due to greedy mind. On the trading setup of GBPJPY, I took 132.42 as a target profit distance and the 134.30 as a stop loss distance but I'm still holding the currency pair until the market chart hit to 131.50 for making more money profit with the higher pips value, but the market chart didn't work and the candlestick charts are formed to bullish pennant, which made of market pullback and my entry target level is almost hit by the bullish market chart pattern. On this trading lesson, greedy mind is a toxic mindset for the forex traders no matter what kind of forex trader you are, if you took a currency trade with a greedy mind,you couldn't be a successful trader and your trading account is always holding a lot of money loss until the trading account is being disabled without no more forex capital. Furthermore, as a professional trader, you should be prepared a well-managed of trading setup before you take a trading execution and you aren't being fool on the trading with a greedy mind.
As a forex trader, I'm made a big mistake on the trading execution of GBPJPY currency pair. As mentioned above, I didn't have to fulfill my trading target due to greedy mind. On the trading setup of GBPJPY, I took 132.42 as a target profit distance and the 134.30 as a stop loss distance but I'm still holding the currency pair until the market chart hit to 131.50 for making more money profit with the higher pips value, but the market chart didn't work and the candlestick charts are formed to bullish pennant, which made of market pullback and my entry target level is almost hit by the bullish market chart pattern. On this trading lesson, greedy mind is a toxic mindset for the forex traders no matter what kind of forex trader you are, if you took a currency trade with a greedy mind,you couldn't be a successful trader and your trading account is always holding a lot of money loss until the trading account is being disabled without no more forex capital. Furthermore, as a professional trader, you should be prepared a well-managed of trading setup before you take a trading execution and you aren't being fool on the trading with a greedy mind.