This is not a financial advise. I am a baby trader trying to use Publish idea to journal my analysis. I am making it public to get some valuable feedback if ever.
Trade closed manually
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Not enough momentum. closing in Small profit.
Comment
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Good Judgment on the reversal. As suspected it was a liquidity sweep.
i saw you a baby trader...if i can give you advice to help you grow .. never sell when the market are in a bullish trend and never buy when the market is in a down trend
cptzack777
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Dear @Shane-investment, Thank you for your valuable feedback. This is indeed a very valuable comment and of course one of the golden rule in Trading. I will keep this in mind.
cptzack777
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4h closed showing some buying pressure. One hours opened showing some buying pressure. I prefer not to risk it. Any profit is good profit.
cptzack777
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Reminder to Self This is a game of probability and not about winning. Dont focus too much on Profit or Loss, Focus on the trading plan, Risk management, Risk to reward and being consistent on these 3. Most importantly Never give up. You are one step closer.
cptzack777
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Confluences?
DXY - Double bottom, Took Support and showing Strong Uptrend. This uptrend most likely a short one before dumping further which gives a small opportunity for Short scalp on EU and GU?? Euro - After consolidation broke below the consolidation zone for a good liquidity grab before moving further up.
Extremely risky trade as the liquidity grab could just reverse anytime. I am hoping the imbalances to be filled before the move up and hence TP in the Imbalance areas. So trade will be close when I have a reversal confirmation.
It is a golden rule to use risk 1% of capital per trade.
Remember Capital preservation is the real game.
Price action is King Smart money is the best money Charts don't lie :)
never sell when the market are in a bullish trend and never buy when the market is in a down trend