Mistakes are good for self improvement, like this skipped out opportunity by 94 pips on the buy limit(Blue line). Oh we'll, now I'm more aware on my entry's or exits on re tested support lines. A missed out opportunity is better than a loss. On to the next.
July 21st, 2017, My favorite currency pair was at its lowest since May 2nd, 2016. Buy low sell high is where it comes in. I bought at market during close then a week later my profit target was hit with NO EXPOSURE. A day later, I see a retracement and based off my edge with ABCD trading strategy. I bought at market again and my profit target was hit @ 0.96 supply...
Clearly you can see THE TREND line BOUNCING from starting a NEW HIGHER HIGH to a Lower Low, multiple times, "follow the trend" they say. I then found a resistance zone which is part of a very low risk to no exposure in what you're able to afford to lose as you can see. The green box is where I took my "profits" The yellow is where I believe where the price will...
Yellow circles: area of the 'bounce' from regions of the trend line area.
Black linkes: The trend
Red Zone: Resistance in daily time frame(bigger picture)
Taking profit in a demand zone, 1 out of 2 possibly winning trades that can take place.
A recent trade loss that I took and I used it as my advantage from learning from my mistakes and using the previous wrong trade as structure reading for my next trade. NOT REVENGE TRADING. The yellow bar was my indication for a BUY from my previous mistake. All rules apply, STOP, LIMIT OR MARKET PLACE ORDERS ARE ALWAYS PLACED BEFORE EXECUTING.
Saw the daily chart battle view so decided to get a closer look at the battle from 1 hour to 15 mins. Saw patterns that I knew and the trend lines. One of the best trades I took that was in my favor with a very low risk. We're almost there to out destination (D Leg). Please let me know what you guys think and show me your trades?
Light volume on B/C point (Vise versa ) 1.110 is the next structure of a possible retest to sell or break through on resistance. Going up in our favor as we speak but soon we will see a full ABCD pattern.