After some encouraging result last December, i started the January with 2 days of consecutive loss. Very frustrating indeed. Lost what i gained in December in just mere 2 days. Yesterday i entered long an hour after the Euro market open and the trade reversed about 3 hours later. Today I entered another long trade on GBP/USD at the Euro market opening and it reversed immediately.
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Good night.
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Good night.
3 comments:
wow. so much profanity :) Take it easy, bro.
If you look carefully, the signals tell us that the market is actually ranging now, just that the range is big (so its hard to notice it). Therefore there are frequent retracements, and they are relatively bigger retracements than usual.
One important thing, when you have a losing trade, do you know exactly what mistake you made? This is very important coz if you do not know your mistake, you'll make the same mistake over and over again.
Yeah...one of the biggest mistake i made is that I did not check the bigger time frame when i enter those trades. And i was chasing after trades that did not meet all my criteria. Gotta learn to be more patient. Big price to pay.
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