Disliked{quote} hi big emm i want to ask about your trading psychology...on the e/u trade i see you let the trade keep running almost all the day even though on the middle of the trade there is 2 blue candle and a weak buy signal....how do you handle those kind of trade in your mind?if its me i think my maximum of keeping the trade running is only 3-4 hour...and do you put the SL to BE once it hit a certain pips?thank you big emmIgnored
Hi,
Those were H1 trades taken on H1 chart. With TP1 +25pips and TP2 +50pips, and TP3 protected at BE when market moved in favour +50pips so that 3rd pos is a free trade.
Then look at H4, can I convert that H1 to H4 trade? if yes, I let that run into the next market session and possibly the next day.
The H4 candles were bearish and APB were red.
That is all in the big picture planning,... March bearish monthly close, retracement seen and reversal back to the dominant trend.
All technical based decision and using a disciplined money management strategy, these will help overcome any psychological issues like greed and fear.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett