I’m looking for a short because usdx hasn’t reached an ote yet. I’m looking at around the 80 level for the fiber which is an old high from Feb. 27, 2012. Also usdx is in the weekly and monthly buy area of the Trader’s Trinity. I will wait to get an OTE inside of an OTE before placing a short just to make sure. Just my 2 cents
I could have drawn a horizon line too but thought the sloping trend line looked cooler ( I know ICT is not really into them but thought it significant when the two resistance line confluenced.
I’m guessing that they have their beady little eyes on all those stops above 3400
This trade played with me for 2 hours I consider bailing out on it many times, but every time i reassured my self that the analyses was sound
OTE
KSR
HOLY GRAIL
AB=CD
MS BEARISH MF BEARISH
So i held on. Took 30% off @ 1.6000, but all the positvie data thats come out of us today as well as negative data from uk wants me to hold this baby a little longer
Great trade, you seem to have picked yourself up very nicely! I read your post about the string of bad trades, but didnt comment, everyone else was echoing my thoughts in most cases.
Great turn around, its mistakes like that that turn you into a very discerning trader! Keep at it!
Yup, mistakes are fine, so long as lessons are learned. That is what creates a better trader - and not a ****y one. Losses are both inevietable and a great leveller. I wish you all the discipline and patience, along with wise trading, mostwanted pip
Thanks Jonny I appreciated all the comments and advice ! I am day by day pick staff up and trying to fit it all together, but i still have very long way to go.
Right now my plan is to simply make up the loss that i had slowly and get back to point where i was and continue doing the same thing over and over. Building my account slowly with small risk and let the compounding do it’s magic. Finger xrossed
OK decided to close majority of the trade @1.6070. Left a small portion of 20% Will let it run.
Reason for decision is
HTF S/R
HTF OTE 79%
Time of day!
Swing ext 1.27
Ms broke on 5 Min
My Cable short got stopped out to the pip, just before it plummeted… Oh well down another .28%, tomorrows another day.
Looks like you guys are mixing it up nice & smooth out there!