Hey guys,
I'm back with another journal. After I capitalized on my trade Monday, I didn't get any activation on Tuesday, yesterday.
Around 04:00 am this morning I woke up early to do my market analysis, when it struck me that I had a great potential buy I could take. So, I marked up the zones and put a small buy order at the $11800, - zone. Looking at what the market looked like this morning, it really looked bit like a form of divergence, so I also calculated the risk and entered. The trade started running blue in a small profit, but i was set to make a pretty decent profit out of this one, but when the market dynamics changed, I realized that this trade was going to end up being a losing one, so I closed before it could hit my SL. Thats when i saw, that the market just retested the $11780, - zone and that's all. I don't know how I did not see it earlier, but I am content with the fact that I saw it. And if you watch closely, maybe on a smaller timeframe, you will see that that specific zone had hidden supply.
After that i took another trade, because i do believe in the fact, that you cannot let a loss keep you from trading. I am not talking about overtrading or revenge trading. Between these two, I can say that there is a thin line.
So, I marked up my zones and potential profits and got back to work. As you can see, it went into profits. They say that profits always hit different when you know what you went through.
I think that I am done for today, but I have a lot of charting to do, because the 1hr chart is already telling part of the story about what will happen. So, for now i just want to say is to make sure your mark up the right zones before entering a trade and only allow yourself to lose that amount you are comfortable with losing.
Till then,
Happy Trading
I'm back with another journal. After I capitalized on my trade Monday, I didn't get any activation on Tuesday, yesterday.
Around 04:00 am this morning I woke up early to do my market analysis, when it struck me that I had a great potential buy I could take. So, I marked up the zones and put a small buy order at the $11800, - zone. Looking at what the market looked like this morning, it really looked bit like a form of divergence, so I also calculated the risk and entered. The trade started running blue in a small profit, but i was set to make a pretty decent profit out of this one, but when the market dynamics changed, I realized that this trade was going to end up being a losing one, so I closed before it could hit my SL. Thats when i saw, that the market just retested the $11780, - zone and that's all. I don't know how I did not see it earlier, but I am content with the fact that I saw it. And if you watch closely, maybe on a smaller timeframe, you will see that that specific zone had hidden supply.
After that i took another trade, because i do believe in the fact, that you cannot let a loss keep you from trading. I am not talking about overtrading or revenge trading. Between these two, I can say that there is a thin line.
So, I marked up my zones and potential profits and got back to work. As you can see, it went into profits. They say that profits always hit different when you know what you went through.
I think that I am done for today, but I have a lot of charting to do, because the 1hr chart is already telling part of the story about what will happen. So, for now i just want to say is to make sure your mark up the right zones before entering a trade and only allow yourself to lose that amount you are comfortable with losing.
Till then,
Happy Trading