This pair has traded into a premium aray and then broken market structure on the hourly chart with displacement. If this trades up into 0.97900 then the sell limit will be triggered.
Price has traded above Asian range and then broken down. Am looking for price to trade lower to price inefficiency on the Daily chart (yellow section on chart) . As there is high impact news later which may cause price to consolidate and then spike wildly (FOMC & Fed Int), half the normal risk has been taken on this trade.
Set goals for yourself to achieve weekly. Once you have attained those goals sit on your hands for the rest of the week or trade demo. Every time you expose yourself to the market you take on risk and often we unnecessarily give back our profits to the market by overtrading. Respect the risk.
Price has traded into the daily fair value gap and taken out buy side liquidity. It then had a five minute bearish market structure shift. Have set a sell limit at 1.00399. Should price reach tp before it activates the short then no trade.
Price has taken out previous days low and broken 5 minute market structure with displacement. Have set a buy limit order at 0.60090.
Should price not retrace to that price then no trade will be taken. Take profit set at 50% retracement level on fib.
New traders must remember that losing tradings are inevitable and the cost of trading. Do not beat yourself up over losing trades.
Rather journal your winning trades, print out copies of charts where your trades have been winners and focus on those and what your winning
trades look like. After a losing trade allow yourself one more entry at half the risk of...
Taken out some BSL and
engineered further BSL.
Divergence present, DXY made
lower low, GBP made higher
high and EUR failed to make
higher high. Break in market
structure on 1 min with
displacement, looking for
short to discount aray then
higher prices.
