Just few points left to complete the bearish bat formation. The impulse legs shows supply zone with respect to harmonic pattern completion there. We also have another planetery aspects of Venus and uranus which may work on 27th october to 28th october. If we have a pattern completion around these dates, we may have a good reversal to the targets.
Some rules:
1) How big of a position do I want to trade? How much capital am I going to risk? Am I limiting my risk to 1% or 2% of my trading capital?
2) What is my risk of ruin based on my capital at risk?
3) Why am I entering the trade here? What is the trigger to trade?
4) How will I exit with a profit? A price target or trailing stop?
5) At what price will I know that I was wrong? Where is my stop loss based on the position size?
6) Will I be able to admit I was wrong and exit the trade if my stop is hit, or will my ego make me hold and hope?
7) Is the risk small enough that I can emotionally handle the loss without blaming the market?
8) Can I really risk this money or do I need it for upcoming bills? Trade with risk capital not living expenses.
9) Am I committed to staying disciplined and following my trading plan on the trade?
RISK DISCLAIMER:
Trading can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Some rules:
1) How big of a position do I want to trade? How much capital am I going to risk? Am I limiting my risk to 1% or 2% of my trading capital?
2) What is my risk of ruin based on my capital at risk?
3) Why am I entering the trade here? What is the trigger to trade?
4) How will I exit with a profit? A price target or trailing stop?
5) At what price will I know that I was wrong? Where is my stop loss based on the position size?
6) Will I be able to admit I was wrong and exit the trade if my stop is hit, or will my ego make me hold and hope?
7) Is the risk small enough that I can emotionally handle the loss without blaming the market?
8) Can I really risk this money or do I need it for upcoming bills? Trade with risk capital not living expenses.
9) Am I committed to staying disciplined and following my trading plan on the trade?
RISK DISCLAIMER:
Trading can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Trade closed: target reached