On both of your charts, the markets are down-trending as they are making lower and lower resistances as marked ... As whether they are trending or correcting in the current charts, we have to compare them with their higher timeframe charts ...

Trading edge doesn’t come from having a high analytical ability, it comes from having a working systematic strategy which was developed based on sound and simple principles through years of inspirations ...

5 consecutive losses and your account will be blown away. I would suggest that you lower your risk as well as your target ... Btw, have you tried the strategy on higher timeframes?

Trading is about anticipating the future, not reacting to the present or the past ... Successful anticipation requires certain preconditions to happen first before the system is applicable. Thus, successful trading depends on our ability to wait for ...

Longer timeframes are more sustainable and there’s no need to sit in front of the terminal most of the time during the day ...

Don’t wait for the market to show a way, wait for the market to come our way before playing ...

This is why majority of traders fail ... (Wisdom and common sense come in the form of patience)

No more fear of missing out ... (Waiting patiently for the market to come to us)

In trading, psychology will make or break us, i.e., do we have the patience to wait for a certain market condition before even planning a trade? Market is dynamic, but our mind doesn’t have to be. Play the system, not the market. Let the market come ...

Impatience is the root of all our problems, it’s the biggest pitfall as we make our way through life and trading ...

TP was reached on the 19Feb ...

Trail the stop to 0.7155 ...

Gold is down-trending with current resistance @ 1855.8 ... Wait for its correction before selling ...

Learn to trade like fishing for a particular type of fish ...

I agree, that’s why I turned to one concept of trading nowadays ... (“wait for its correction before playing a trend”)

Buy NZD @ 0.7227 —> 0.7103 / 0.7289 ...

Correction: “Don’t chase a running trend, wait for its correction before playing” ...

Use the weekly to identify trend and use the daily to monitor correction ...

Wait for a less-than-50%-correction before playing a trend-continuation ...