EUR/GBP: Review
Euro/Sterling Pound was a good trade, but I don't catch this long posiiton after that I believe that Euro could to weak, and not pass it.
Well, from Monday, I put a sell order place that don't touch my place, but my movement was correct shoritng Euro, and then, I put a short more below, also I predict very well that Euro/Sterling Pound it's forming a bullish divergence in my 2nd update that I made in this week, but that was my mistake, I was in long when I know that Euro will climp, but I closed up my long and open a short at 0.8433 GBP, what Euro could to weak, but I would have to entry later of this another confirmation of bullish evolving what I see now, that i the past hours I'm not in my chart everyday looking Forex par, but we see that. And then, I get a othe loss of 3.33% in this trade.
So guys, If I hold my long position as well or if I would have the chance to long position again, so I can to get at least 70 pips in profit or 9% in this trade, but as I fell in this trade for 2 reason:
1) When I knew that this was a bullish divergence, I supposes to hold my long position, and not entry when EUR/GBP was making a little down and then up in my analysis and being a little more disciplined.
2) If not bad if I entry to short if I knew the probability that Euro will weak, but in the past hours I don't checked my trades as for now in the morning, what it's very important to monitoring the trades if there're a change.
So, the reason #2 could be more valued than the #1. But nothing, this week I get a loss of -6.38%. But not very bad as I take always my risk management calculated every week. So, I closed up this month with 35.74% in ROI. what this month in August was incredible in total what I trade this month. Then next week, we're in the weekly final of what we have left days to finish August, but now, during the next week I start my September and find up my goal of 20% monthly in my ROI.
So guys, in comparison in the past week vs this week was very hard and also what I need to learn a little more it's being a disciplined if I know when there're a change of trend as we see in EUR/GBP by bullish divergence and price action analysis. and be always pending the trades, and I believe that when we trade in the consolidation, sometimes we would need to hope to pass the big events when its very hard to know what will be happening. But nothing, these review that I making it's to learn and apply it for my experience.
I know that I'm not perfect, but it's very important to learn about mistakes and how to work everyday to create our original version and bring the world more better and strong forming a team. The lives based in experience and practice, and that it's a key fundament to apply in our mindset.
So guys, this it's all!!!
Well, from Monday, I put a sell order place that don't touch my place, but my movement was correct shoritng Euro, and then, I put a short more below, also I predict very well that Euro/Sterling Pound it's forming a bullish divergence in my 2nd update that I made in this week, but that was my mistake, I was in long when I know that Euro will climp, but I closed up my long and open a short at 0.8433 GBP, what Euro could to weak, but I would have to entry later of this another confirmation of bullish evolving what I see now, that i the past hours I'm not in my chart everyday looking Forex par, but we see that. And then, I get a othe loss of 3.33% in this trade.
So guys, If I hold my long position as well or if I would have the chance to long position again, so I can to get at least 70 pips in profit or 9% in this trade, but as I fell in this trade for 2 reason:
1) When I knew that this was a bullish divergence, I supposes to hold my long position, and not entry when EUR/GBP was making a little down and then up in my analysis and being a little more disciplined.
2) If not bad if I entry to short if I knew the probability that Euro will weak, but in the past hours I don't checked my trades as for now in the morning, what it's very important to monitoring the trades if there're a change.
So, the reason #2 could be more valued than the #1. But nothing, this week I get a loss of -6.38%. But not very bad as I take always my risk management calculated every week. So, I closed up this month with 35.74% in ROI. what this month in August was incredible in total what I trade this month. Then next week, we're in the weekly final of what we have left days to finish August, but now, during the next week I start my September and find up my goal of 20% monthly in my ROI.
So guys, in comparison in the past week vs this week was very hard and also what I need to learn a little more it's being a disciplined if I know when there're a change of trend as we see in EUR/GBP by bullish divergence and price action analysis. and be always pending the trades, and I believe that when we trade in the consolidation, sometimes we would need to hope to pass the big events when its very hard to know what will be happening. But nothing, these review that I making it's to learn and apply it for my experience.
I know that I'm not perfect, but it's very important to learn about mistakes and how to work everyday to create our original version and bring the world more better and strong forming a team. The lives based in experience and practice, and that it's a key fundament to apply in our mindset.
So guys, this it's all!!!
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