Once you begin to get comfortable with the fundamental analysis you will find that staying in the green consistently is something that can be easily achieved, the next way to improve is to be efficiently achieving pips, for example, I wrote about yesterday which was inefficient yet I grabbed (+267 pips) and today (+158 pips) but missed out on a severe opportunity worth 60 pips which would have been profited at high volume .
Blunder 1
My two-morning trades, (EUR/AUD and the EUR/NZD), were excited early on my part due to a lack of fundamental and sentiment bias
I was contemplating entering here, which is a textbook mixture of double top/head and shoulders on a trendline and 200 MA - aka a technical analysts dream. However based on the fact that my fundamental bias turned 'shaky' and that I did not lose any money I would happily repeat the same action again.
Blunder 2
My trigger finder entered the trade before I had a clear signal of where the sentiment was going, profit taking meant that the trade moved in the opposite direction for a while before going in its correct direction. So this is a lesson in being patient so you can gauge the market's reaction and use it to gain more pips, this would have gained 100+ pips if utilised well.
N.B. This trade although only achieved a BE I managed to regain all my looses at a time when the trade went against me by 60 pips! (my SL was set at 1% of my account), this is a testament to the benefits of sticking to your fundamental analyses
My two-morning trades, (EUR/AUD and the EUR/NZD), were excited early on my part due to a lack of fundamental and sentiment bias
I was contemplating entering here, which is a textbook mixture of double top/head and shoulders on a trendline and 200 MA - aka a technical analysts dream. However based on the fact that my fundamental bias turned 'shaky' and that I did not lose any money I would happily repeat the same action again.
Blunder 2
My trigger finder entered the trade before I had a clear signal of where the sentiment was going, profit taking meant that the trade moved in the opposite direction for a while before going in its correct direction. So this is a lesson in being patient so you can gauge the market's reaction and use it to gain more pips, this would have gained 100+ pips if utilised well.
N.B. This trade although only achieved a BE I managed to regain all my looses at a time when the trade went against me by 60 pips! (my SL was set at 1% of my account), this is a testament to the benefits of sticking to your fundamental analyses
To Pipccess and Beyond
As you can see it was a technical entry which was bought right on the daily pivot. Up next I will be trading the ECB interest...
EUR/NOK later went into profit direction which I knew it would as it was a semi hawkish statement from Norge bank. Brokers playing people around is not kl at all!!
