i executed this trade on three levels
1- shorting @ 128.90
2- shorting @ 129.90
3- shorting @ 130.90
i want it to break the trend line so i can get my stops to 132.50
always remember that profitable trading is a game of patience, discipline & managing your trade post execution.
it takes time for a structure to create itself & for the market to start moving.
i executed this trade today on the 2nd of february, but because am managing my risk & trading with a comfortable position size i will be able to be patient on it and give the market
all the time it needs to make the move.
its important for you to know where are you going out before ...
it takes time to develop your own trading strategy.
its a journey of trails, errors & lots of experimentation.
with time, profitable trading become a game of patience, discipline & smart work.
always trade with a comfortable position size because it is the only way in which you will be able to measure your trading strategy accurately.
still waiting for the pair to move up.
i entered a bit early here @ 148.80 a couple of days back.
i should have waited a bit more for execution.
in trading you choose the pain you want to experience, you either live the pain of discipline and wait for the right time & price execution or live the pain of disappointment & confusion by executing the trade ...
this short trade idea will be invalid if the high @ 1.6690 is broken up.
the time frame for this trade idea is unknown, i dont usually like to put time for any trade i execute i just go with what the market give me.
till now, i will keep holding it minimum for the next three weeks as long as the high @ 1.6690 holds up.