once more our target profit was missed by just 1-2 pips :58:
not happy but as usual moving our stop to b/e once 1:1 reached is proving helpful…given that I was trading “against the trend using the rsi divergence” it pays to be a bit more cautious and move the stop to b/e upon the market moving 1:1 risk:reward
It has been: #Trades: 61 #Wins: 35 %Win Rate: 57% #Pips Profit: 538
although I am up in pips I am still not happy with my trading, specially my stubbornness to believe that the current GJ trend is about to reverse merely because of the “rsi divergences”…Like I mentioned in one of my posts, RSI Div has “costed me money!” far more often than it has made me profits :58:
It is a “Bad habit” that I have of keep thinking “if I go now with the trend after it has moved for so much, maybe is about to reverse, maybe this is it…bla bla bla”…
I tend to recall the times I traded with the trend (when it has been trending for a while and I managed to miss the ride) and it broke, and lost, rather than remembering all those times I did what I did this week, go against the trend once, twice, three times all for a loss or close enough and yet still keep on doing it…
So my GOAL for MAY is to minimise this, counter-trend-trading-tendency! :58::mad:
Anyway, the last two weeks I have only move up +18 pips! after 11 trades! this is not goooood!
I hope my friends you have done better. I wish you all the best and lets start fresh in May!
one of my longest trade ever since the “100 trades challenge” begun holding onto it and riding the trend for about 4.5 days
we are now on the sidelines until such time we can re-enter.
On another note, I was expecting the gj to go towards the significant day resistance at 148.45 which I still it will happen. It is now “retracing” and hope to re-enter at a better price (around 145.40 previous resistance), but if not, we still would do if and when it forms a nice signal that the up trend will continue