Entered a short(USD/JPY)O: 84.27 at a supply level that had been touched and rejected several times on the daily chart. I took a 14 pip loss on the trade.
A beginner trader vs pro trader 15 replies
new programmer wanting to help! 0 replies
Disliked
I just got out of the trade on the short at a B/E. I guess I need need a new name : " Mr. Breakeven
I didn't like the price I sold, there was a better opportunity like 30-45 minutes later.Ignored
DislikedNo worry mate, BE is always better than loss, we have to test out which tactic is the best suit for our personality.
For me, now mostly I confine myself to target 10, 1:1 RR at counter trend trade, for trend trading, can target more but cut into 2 positions to play, while the 1st portion out then move the SL to BE, safe cover and let the rest run, seems simple but quite work for me. Anyway, just simplify our strategy so it will become the "nature" reaction in different circumstance.
For sharing.
Happy trading JJ
Cheers
EricIgnored
DislikedIt's nice trading. I also like to trade on price action based on Sho method, it works very well. I will join your tread in the future for information. For me, KC i setup 8 for MA and %K is 1.3, like james16 which is easy to see the trend, S/R and overbought&sold.
Thanks.Ignored