Not nice to hear that
I believe it all depends on the mindset after a few loosing trades. If you can stick strictly to your strategy then no problem. But for myself I know I tend to tilt (at least my experience with sports trading) and I usually just quit for at least a few hours if not for the day if I have really rough start.
I hope the price behaves nicely for you today
Now it is at 1.3 level and I don’t like this round numbers so I can easily go to bed.
see ya!
Yes, I think you are right. After a couple losing trades all becomes difficult. I think I am going to quit for the day after 4 trades, win or lose.
Hi,
yesterday I was complaining about trading big round numbers but today I took advantage of it.
I was waiting for reversal after the touch of 1.3. The price stopped a few pips below 1.3 and I sharpened my eyes to look for a good sell entry. It came a few minutes later and with EMA20 squeezing the price I took a sell for 9 pips. Notice that range line could be 1 pips below the one I put but I was in a hurry to sell. This time I set SL of 10 pips, just above 1.3 barrier because I was quite sure the price would drop even if 1.3 was breached.
I am having good days and my confident about ny trading is growing…
What about you guys?
Fox
You are doing really good.
I saw that, but I thought was against the major trend and I think it was looking at the 2 hours data.
I am taking very cautiously after Yesterday, I am up 3 pips and am off in 20 minutes.
Broke, the top barrier, with higher bottom, formed a block, got in, she then stalled, I got out with 0.4 pips.
This is were you got short Fox.
This was my first trade:
She is in range, pulls back to the previous block, make another block crosses the round number, I am in, thenstalls forms a triple top, I am out with 2.3 pips.
no objections to the setup, but hmm, it was a little risky buy just below 1.3 - there is almost always strong resistance at that point and I believe your TP was above 1.3 ?
No my plan was to get out at 1.30 making about 8 pips, I think. Normally they pull prices towards them.
But yours was a good trade.
then you were a little unlucky…
Thanks Fox, I feel better now, LOL.
Ciao.
She pulled back, I got in, initial SL 7 pips, then trailed to 5 and 1, my initial target was 10 pips, gained 6, she then acted weird, got out with 4.1 pips.
Hi,
back with the trading after a few days on the road.
First trade today went sour - maybe I was too keen on jumping on sinking Euro?
Hit SL of 7 pips with 9 pips TP target.
Yes, I also was watching that, but did not take it. Welcome back.
I feel like that bears will be trapped, then bulls will be.
Be careful, I can see a lot of traps.
Greece has everyone spooked today.
Yes, I was careful.
The big resistance broken (red line) but I waited for retrace before I jumped in. Entered after the second resistance broken and it worked like a charm. 9 pips win. 2 pips today with previous loss of 7 pips.
Yes, went back on my screen and looked at the past data, and I thought exactly the same, that would be the only place I
would have traded if I was trading. Good Trade.