You have done well. You thought process is right on IMHO. You waited for the setup. Entered with a plan on where to exit for profit and loss. Monitored your trade accordingly and exited with a mindset of "I can always get back in on another setup".
Trading does not have to be a complicated evolution and you have clearly demonstrated that here.
Well done!
Trading does not have to be a complicated evolution and you have clearly demonstrated that here.
Well done!
DislikedHi!!!
I'm a bit late but congrats clockwork. All the best in the years to come.
Part 1
Below is a trade I took on the NZ/CAD using the V formation on the 4hr chart. The Daily is in a defined uptrend.
Part 2
Ok guys/gals I went to bed last night leaving my stop and take profit in place. Unfortunately price never got to where I planned for it too. Which in the life of the forex market happens.(that's why MM is so important hey) So now I'm managing the trade looking at a small loss. Below is a chart of what I'm seeing
Part 3
Finally closed my position today for a bit better than break even. I've been observing my position throughout the Asia session and witnessing NZ weakness across its crosses. It may still turn around and shoot back up and make a donkey out of me but to be honest I didn't want to see my trade go into the negative again for a second time. I prefer my trades to move smoothly in the intended direction otherwise I pull the pin and wait for another setup.
cheers guysIgnored
Nothing is impossible, with a willing mind!