QuoteDislikedFor the first chart, I entered based on the break of the BUOB at the trendline. A pinbar formed so I'm putting a tight stop there. I'm not sure whether it's just a short term pullback or it's really a reversal. How would you manage it if you're in the trade?
I really don't want to sound roughlly but James and many others have always said to treat trading as a business...let's think...if trading would be your business as only income to pay the bills, mortages rate , health assurance, etc...would you really let OTHER people to decide the faith of your profits for you ? Would you be influenced by OTHER people decisions in managing YOUR OWN account ???
Sorry if I am so directly, but please belive me ..taking YOUR OWN decisions for YOUR account it is kind of responsability sign for your account as your business and making your own experience, even if sometimes maybe you will make kistakes as part of the busuness, it will really help to grow your trading and money management knowledge !....ovviously sharing and reading the others experience is part of this thread spirit !
QuoteDislikedFor the second chart, may I know, why do you think that the trendline is not a good one? Thanks again!
This is how I see it and I would use as information for my money management !
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Nothing personal,just business