I know I wasn't going to trade today...but I couldn't resist...got in very late (compared to Nasir) but was out all morning
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DislikedNasir,
could you please articulate a bit more your sell order at about 93 on U/J? Has it to do whit Peaks e Valleys?
I understand the sell stop at 92.5.
Just for my understanding.
TxIgnored
DislikedNo nothing to do with peaks and valleys. Its break and retrace of Trendline.
EG and GChf were Peaks and Valley trades i posted earlier.
.Ignored
DislikedJust took a look at my xxx/jpy shorts....
Friday madness or news related???Ignored
DislikedThat's the toughest week in last 4 months LJ, and it came out as i started trading my live account.Ignored
DislikedGold has been in a clear up trend (would have been a great trend to play all the way)...but now we have a squeeze...still making HL on 4HR but three successive LH mean we are in a squeeze / consolidation waiting for a break out....the consolidation can be seen more clearly on 1HR chart.Ignored
DislikedWhen price is being squeezed in a consolidation it is like a spring be coiled tighter...when it breaks out it will initially breakout fast due to the buildup of orders...this is bit of an extreme example though lolIgnored
DislikedJust been ding some review on trades. Obviously happy with the account growth but that doesn't mean I haven't made mistakes...I feel you are always learning and improving as a trader and the best way to learn is to actually put your knowledge into action and trade and then review your trades and learn from mistakes.
My two biggest mistakes were on xxx/JPY which I've already mentioned previously and the second one on U/C.
Towards the end of the week I was entering too many trades, rushing my analysis...probably reading FF threads too much and...Ignored
DislikedYep...it was hard work doing that analysis lol...
But I never try and beat myself up to much as this can affect your mindset going forward and I also remind myself that the market is open 24/5 and there is ample opprtunities in this business to make up for mistakes. Making mistakes can be good as they open your eyes sooner to errors that you can learn from, adapt and change i.e. you come back as a stronger, better trader. Lastly, I've had the added bonus that my mistakes have not actually cost me money just not gained as much as I should have.
Did...Ignored