You don't always have to follow what the majority are doing. Normally you do this and you find that your own idea was actually the correct decision and you should'vestuck to your guns. How many times has this happened to you?
That is why trading with a plan is so so important. It's pointless putting in all the work if you then decide to follow somebody else's plan that is not what you have been working towards as you're just being a sheep and just because they post an idea does not mean it is correct. Like mine for example, i'm not perfect, i dont know if this trade will play out. But i sure as hell know i'm going to follow my own analysis. My trading stratergy works, it's a proven stratergy backed up by stas and countless hours of back testing.
No it is not 100% correct becauseit is impossible to be 100% correct. But my wins outweigh my losses everytime and if you risk manage correctly even if you have 4/5 losing trades in a row. One or Two winning trades will make up for that.
Be patient, enjoy your journey and make sure to always manage risk.
Now, EURGBP is interesting because it has broke out of a bullish trend and dropped, price has then slowly come back up to this 4hr structure zone and 30m Fib retracement off the 50% so for me it is at a very good level to get into some sells. Small SL just above the previous candles allowing some movement if price does pull back up but overall i expect this pair to continue down. Nice 6.22% RR
If you have any questions trading related drop a comment.
That is why trading with a plan is so so important. It's pointless putting in all the work if you then decide to follow somebody else's plan that is not what you have been working towards as you're just being a sheep and just because they post an idea does not mean it is correct. Like mine for example, i'm not perfect, i dont know if this trade will play out. But i sure as hell know i'm going to follow my own analysis. My trading stratergy works, it's a proven stratergy backed up by stas and countless hours of back testing.
No it is not 100% correct becauseit is impossible to be 100% correct. But my wins outweigh my losses everytime and if you risk manage correctly even if you have 4/5 losing trades in a row. One or Two winning trades will make up for that.
Be patient, enjoy your journey and make sure to always manage risk.
Now, EURGBP is interesting because it has broke out of a bullish trend and dropped, price has then slowly come back up to this 4hr structure zone and 30m Fib retracement off the 50% so for me it is at a very good level to get into some sells. Small SL just above the previous candles allowing some movement if price does pull back up but overall i expect this pair to continue down. Nice 6.22% RR
If you have any questions trading related drop a comment.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.