M5 seems to be making a bullish pattern..........
EURUSD Club - Get Your Trend Right
- #443
- Jan 11, 2021 9:51am Jan 11, 2021 9:51am
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} I know because I was following your orders on the profilenormally I would close 2 positions on a loss of a few pips, but as I wrote earlier, I work and bad luck wanted that I could not look at the phone at this point
I have tried to directly follow other trader's posted positions, but it didn't work out well when the PA development would change unexpectedly and the pro trader would quickly close his trades and even reverse without saying anything... And I ended up losing. That was frustrating!! So, now I just go by other trader's general assessments of near-term PA and couple it with my own personal experience, observations, and trading plan, and go from there. Somehow that works.
You cannot fail if you never give up.
- #444
- Jan 11, 2021 9:55am Jan 11, 2021 9:55am
{quote} Oh boy...
- #446
- Jan 11, 2021 10:04am Jan 11, 2021 10:04am
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} It's Monday and we have still 4 days to get my pips back
You need to wrap your mind around your loss and learn to accept it as it is, then reboot your process and completely start over from a fresh foundation. The catch-up mentality will drive you nuts if you screw up.
What I do, I reboot my mental process after the close of every trade, every day, every week, and every month. I "start over and try again" regardless whether I recently made money or lost it. It helps to keep my brain calm and stress free, allowing me to see PA with a clear perspective. This prevents me from getting overly biased bullish or bearish regardless of the trend. Always starting over on a new trade with a fresh perspective. It works wonders. I hope it helps.
Also, be careful that you don't over-trade or spend too much time watching the charts. Your brain and emotions can only handle so much. Once you feel stressed out so that you can't think or observe clearly, take a time out until you are fully refreshed. Again, it works wonders...
You cannot fail if you never give up.
- #447
- Jan 11, 2021 10:16am Jan 11, 2021 10:16am
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #450
- Jan 11, 2021 10:55am Jan 11, 2021 10:55am
- Joined Feb 2020 | Status: Trader | 2,364 Posts
.... pat the puppy..... kick the dog ... cycle ............
- #453
- Edited 1:20pm Jan 11, 2021 1:09pm | Edited 1:20pm
- Joined Feb 2020 | Status: Trader | 2,364 Posts
- #454
- Jan 11, 2021 5:27pm Jan 11, 2021 5:27pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #455
- Edited 6:13pm Jan 11, 2021 5:32pm | Edited 6:13pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #456
- Jan 11, 2021 7:49pm Jan 11, 2021 7:49pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #457
- Jan 11, 2021 7:53pm Jan 11, 2021 7:53pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} ... for those who held BE........... {image}
Overall, I had a good day. 2.9% ROI.
You cannot fail if you never give up.
- #460
- Jan 12, 2021 6:38am Jan 12, 2021 6:38am
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} Entered 2nd long at 1.21475. Avg long position = 1.2153. TP = 1.218
You cannot fail if you never give up.