hello, that was my trade too, but out too early, Laura
Software tools for LauraT's Roadmap 167 replies
Forex Brokerage Roadmap 4 replies
Best way to read all of someone's posts? 3 replies
Simple way to read chart 11 replies
Disliked{image} I know people find losing trades useful to see too, so here's one Yesterday I showed some examples of winning trades with poor entries. This is an entry I was fine with but it turned out to be a loser. Just goes to show, we should not measure how well we executed a trade based on the final outcome. With losses in general, embrace them, accept them, they happen. The quicker you can move on to finding the next opportunity the better. That's not to say we don't learn from our trades though. I always carry out a daily review of my entries...Ignored
Disliked{quote} Hi Rick, If I'm in a long-term trade I don't worry about individual pieces of red news but for my short-term trades (which the majority here seem to favour) I would either close or protect profit. It's too much of a lottery with news.Ignored
Disliked{image} I know people find losing trades useful to see too, so here's one Yesterday I showed some examples of winning trades with poor entries. This is an entry I was fine with but it turned out to be a loser. Just goes to show, we should not measure how well we executed a trade based on the final outcome. With losses in general, embrace them, accept them, they happen. The quicker you can move on to finding the next opportunity the better. That's not to say we don't learn from our trades though. I always carry out a daily review of my entries...Ignored
DislikedM5 trade on EU. Closed out for +22 pips. Many thanks for your replies yesterday Laura have learnt my lesson about the importance of RSI now.. {image} {image}Ignored
(note: if price has gone too far off from the higher TF, possible to go down to lower TF to look for retracement entries)
Tips:
Disliked{quote} Hello James, Do you mind sharing your RSI indicator in the bottom window of your chart. ThanksIgnored
Disliked{quote} It's the indi at the bottom of the first post on P1 mate.Ignored
DislikedAU has been bouncing off the top locked ADR but with a Comp bias just under 75 I wouldn't be risking a short here. I am a scalper and have been enjoying repeated wins every time it drops below the lower channel. If it does turn, I should be in a position to exit gracefully. {image}Ignored