I think this post is very apt to what I did yesterday.....
What I did yesterday is the effect of disappointment from 22 Feb (and also missing other short opportunities from early this week) spilling over to 23 Feb.
My outlook for the day was bullish. I wanted to go long from 1.2285 area (red line). When I came to the computer after some outdoor activities during US session, the candle in blue arrow closed and price was going up. I thought for a moment to put a pending order close to 2285 to reduce risk, but price immediately jumped to 1.2303. I thought price is going to do exactly what it did on 22 Feb(go higher without me) and entered one lot right away not to miss the move. when it retraced to 1.2300 I entered another one... My first target area initially was at 1.2314 but I thought since price may explode up(just like 22 Feb) I moved the first TP to 1.2325.
Also, since I was contemplating on how many pips I could have made if market took me in on 22 Feb I missed a short opportunity from green arrow(Close to the top of the range) which is similar to last chart in post 787.
What I did yesterday is the effect of disappointment from 22 Feb (and also missing other short opportunities from early this week) spilling over to 23 Feb.
My outlook for the day was bullish. I wanted to go long from 1.2285 area (red line). When I came to the computer after some outdoor activities during US session, the candle in blue arrow closed and price was going up. I thought for a moment to put a pending order close to 2285 to reduce risk, but price immediately jumped to 1.2303. I thought price is going to do exactly what it did on 22 Feb(go higher without me) and entered one lot right away not to miss the move. when it retraced to 1.2300 I entered another one... My first target area initially was at 1.2314 but I thought since price may explode up(just like 22 Feb) I moved the first TP to 1.2325.
Also, since I was contemplating on how many pips I could have made if market took me in on 22 Feb I missed a short opportunity from green arrow(Close to the top of the range) which is similar to last chart in post 787.
Disliked{quote} Hope anyone reading this notices what Rearden said in that last sentence. It's pretty awesome. Rearden said he is "very disappointed" that he didn't get entry on a trade that ended up being a big mover. Believe it or not, that sentence exposes one of the biggest keys in trading. Rearden has acknowledged the disappointment of missing a trade. How Rearden manages that disappointment will be all the difference between success and failure in the coming days, weeks, and possibly months. As I have typed on here a few times and worked through with...Ignored