So yesterday i took a trade on EURUSD,and as every trader took a loss,so lets try to explain why did a loss happen,as said i took a sell because i saw 0.5 fib being respected and rejected,and my entry was good,but as u see i didnt draw a blue line that hold my price from going down I should wait for a better confirmation and BOS-Break of structure or some kind of...
This is update # 5 of series to provide an outlook of the trap that took place. We are past the critical area 21,900 - Whales are continuing to grab people on lower time frames. ALERT WHALES ARE IN CONTROL Areas of huge interest are 20,900 and 19,200 Drop a boost if you like the content. I see potential in the start of the next month but short term within...
I'm learning to accept these harder weeks as the better opportunities for me to become a great trader. Of course I love it when every position I take jumps out at me and earns me a profit, but I remember a point when I would avoid the charts entirely after a string of either losses or missed opportunities. It's so important to continue to trade with an unbiased...
Accepting that you were wrong has to be one of the hardest things in trading.The worst has to be when you’re on a winning steak ,and then BOOM you have that one trade that goes the opposite way of your entry.Even if you have a stop loss you start to move it further away allowing it to gift the market more money. You can’t take the loss because of your ego ,or...
Chart study indicates a sharp decline anytime soon Register your profits asap or trade with Stop Loss activated