I’m demoing a $500 account on MT4. On the EURUSD pair, the monthly chart shows a nice upward trend. I’m currently long there, so would saying “OK, I’ll close the position and go short” without a strong (or any) indicator be an example of “fighting the market”…
More so it is a fight with your own psychology. You should have a well defined entry and exit wig every trade you make.
Very much so. It is a big mistake to try to catch tops and bottoms. Try for small chunks in the middle.
I got in at 1.29659 and am set to get out at the 50.0 fib of 1.35300 with my S/L at the breakeven point. Unless I did my fib retrace wrong (which may be the case).