I just wanted to share this trade I took, I’m keeping my emotions in check so I no longer let wins or losses affect me but I am however really proud of this trade It was not an ideal entry and I thought SL would hit but it held up… thank you fib levels
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Nice one dear.
Emotions plays a crucial part in Trading.Learning to keep them in check helps us make good trading decisions as well as trust our strategy, knowing not all trades will be a winner.
Very nice! 
I’m curious, how did you pick your entry point, SL and TPs?
The overall trend was down then i noticed the lower high was being formed and naturally i anticipated it coming up to where the previous lower low was (support turned resistance concept) after that for further validation, I used my fib retracement
At the blue arrow you can see where the 0.618 lined up with the same lower low i was initially referring to. once i saw rejection from the level i entered the trade placing my SL at the 0.786 (although I would usually put it a little bit above) This placement is what saved my trade because you can see in the picture that the trade went in about 60 pips, turned back and broke through the 0.618 level before coming back in my favor but thankfully the SL was not too tight I use my fib extension paired with previous support/resistance levels and set my main TP a little above the 1 level (not being greedy) with smaller TPs at the 0.618, 0.5 and 0.382 levels as i see fit
Hope this was clear and thank you for your interest!
UPDATE: my first Tp hit at 141 pips, closed partials and broke even on the remaining
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Thanks for walking us through your thought process on this trade. Good show! I’m very happy for you.
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Thank you! It took me so long to control my emotions as well as to master patience, even though i should not say aster yet because I have ways to go in my journey to becoming a professional trader. Maybe I’ll break the bank of America haha!
You are doing great. We all must learn to keep our emotions at the door while trading.