Psychology
Discipline in trading is especially hard for forex tradersI love trading forex due to many reason one being the high volatility. You almost always get second chances for entries and exits. Prices tends to oscillate around their "fair value" al to more than in Stocks or ETF´s. There is almost no pair the rallies 50% in a year.
While there are scenarios for early exit, one should only execute such planed exceptions right? But even after 12 years of trading my n°1 mistake remain early profit taking!
Basic Trading Principal & WordsTechnical,
Money management,
Psychology Trading,
Patience is the key,
Trade Safe,
Good Luck,
Nobody want to buy when price is in such a squeeze mannerThis is just an idea.
Trade your setups...
Have a nice day :D
An especial trade in a bearish problemAs I pointed out to all of you, there is a long view in this currency pair. Now I'm going to involve myself in this and put targets and stops loss.
Do not follow blindly and just trade it if this goes as you have previously elucidated!
A short term possition to the down Hey guys today I bring you this awasome trade!
If everything goes well, the target will be accomplish soon :D
A bullish problemHey you guys!
Im not pretty sure about this trade but my analysis is telling me to take it
What I do not like is the stop cause it is so large. Maybe wait a little bit more, or just take it right now. I dunno!
Lets see what happens so :D
Volatility analyticsThe price has an irregularity to correct.
Do not trade it if this is not part of your daily plan...
Have a nice week you there!! :D
Very nice confluence on GBPUSDHey guys,
this morning during my analysis i've spotted this nice opportunity to sell the pound against the dollar. Not often it occurs to see such a good confluence. So i thought i could share with you this outlook. As you can see above on the pound price is testing a daily structure level (blue rectangle ) that happens to be also a psychological number and the termination point of two different AB=CD patterns, along with some fibonacci confluence .
Furthermore, you can see RSI went OVERBOUGHT and also that there's a Cypher that's been completed and it's still valid.
For all those reasons together i think it could be a nice spot in order to find shorting opportunities in form of candlestick formations like engulfings or double tops.
I'll let you know how it develops.
Feel free to comment below if you want to ask questions or share your standpoint.
See you in the next chart!
