#9 Trade Psychology
That trendline is bugging me, hoping on a fakeout!
If it breaks I can already see a head shoulders pattern forming before it continues down..?
Why I'm not letting this mess with my head:
That trendline is bugging me, hoping on a fakeout!
If it breaks I can already see a head shoulders pattern forming before it continues down..?
Why I'm not letting this mess with my head:
- Momentum is up on the H4 (EMA 5 | Green crossed SMA 8 | Red)
- No Lower Low was formed
- Hammer pattern on the H4 followed by an inverted hammer
- Double bottem pattern which could possibly turn into a head and shoulder
Possible hammer pattern forming on the D chart- I'm trading with a lower risk (Fib 78,6% broken)
- I'm adjusting my S/L as quickly as possible to breakeven
- Sentiment is with me
-> Time to make some dinner.
Setup
http://www.forexfactory.com/showthre...23#post8833423
Entry
http://www.forexfactory.com/showthre...08#post8833808
Outlook
http://www.forexfactory.com/showthre...36#post8834236
Management #1
http://www.forexfactory.com/showthre...57#post8834357
What's that smell? ---- I smell money!