Break and re-test sellers ruined.
Breakout buyers ruined.
That is enough liquidity to now create the next leg to either the upside or the downside.
I believe the next leg will be to the upside as projected.
One of the few tech stocks that showed a constructive pattern on the last few days. Still, this tech bear market gets everything. Might reset later and may buy if general market conditions improve.
Stopped out. Pilot position of less than 1%. Breakouts definitely not working on this market. only 1 position left of less than 1% of portfolio. Market super volatile not good for traders with stops.
Stopped on my last position. It was working very well until now. Bear markets get every stock eventually. Keeping my trades super super small as pilot positions just to test the waters. Back to 100% cash. Super risky(volatile) market for swing trading breakouts with stops.
It's looking like the long position here may have been invalidated. Although, with a bounce of the upper line of the descending wedge, it may still be valid. However, if this breaks downward into the wedge and breaks the second support level, I wouldn't be looking to go long until price reaches the target-buy-zone shown on the chart. With a bounce off the upper...
Hi traders,
when we are evaluating our sessions, it's critical to recognize OUR mistakes and EXTERNAL events. That's why although I ended up in a minor loss today, I am pretty happy with the result.
My NEM trade "worked", but only after the institutional traders re-tested the opening prices which meant my SL was hit. Yes, losing money sucks, but seeing the idea...
Just got stopped out of a EUR/USD long trade
Losing trades will come just make sure they are small enough that your wins make up for them
For every winning trade i have it makes up for 2 losing trades
This is proper Risk/Reward
This is why I put my entry order below that lowest point. Notice, I did not put it right at the support... Good thing I didn't, or else I would have been stopped out.
Breakout of the day low ("A") + rebound from the resistance on D (~2800). Stop loss is above one of the dodji's highs on H1. Profit target is around 2650 (support on D). Market pinched a little above that dodji's high, let me out and went straight to my profit target without me. I should've watched the market for a possible reentry or set my Stop loss above Dec 4...
Last week was not good as I was on the wrong side of USD plain and simple.
On Friday - two weeks ago I opened a short position on EURUSD during what I considered a counter trend pullback. Unfortunately EURUSD decided to resume trend and run higher Monday through Thursday. Stoploss taken (see attached.)
By Thursday I was confident I had gotten my head on straight...
