|lorbax ||Dec 11, 2014 8:31am | Post# 46409 |
Because you got rich trading forex!
not yet not yet ....
in the mean time I milked some Aussie pips - forgot to post it earlier.
I entered long both on G/A and E/A at 11.00am (gmt+1) on H4 chart....
They both looked very good but G/A faked it at the start of the candle and I manually closed it -30 which sucks because the signal was still valid, but I was too impatient.
I let run EA, with CaveManager plugged in and it brought me a nice +30 +40 and +50 divided in 3 thirds of the trade. I basically recovered the loss on GA, and a few green pips but nothing much.
Once again, lesson to learn: do not close trades manually! I'm not saying it only 'because then it went up' but in general it's really disturbing both for your balance and for your mental health. Another Example is UJ .... I was about to close it manually when it was -40 ... and also -45, didn't close it yet but it's -12 now. YES it can go down to SL to -50 again, but it can also go up into the green-land, closing it manually it's 100% sure -40. I know it's a 'simple reasoning' but it helps me to stay strong in my position. This is the M5 chart on E/A, just for the purpose of the exits with CaveManager: