Disliked{quote} Hi Guys, I am in with some shorts, however, it is iffy at the moment. Fingers crossed. Cheers. {image}Ignored
My two sell trade stop losses were taken out, unfortunately.
However, I do have a money management plan that I follow. I offset some of my losing trades with winning trades. The net effect is still a profit. In my picture, I have highlighted my 2 losing sell trades with 3 winning trades.
I have opened another sell trade at my descending trendline. I would prefer a test of 1.3800. We shall see.
I don't specifically look for targets and juggle with my buy trades versus my sell trades. I currently have 4 buy trades versus 8 sell trades. So I currently have 4 excess sell trades to play with. If I have losers I will offset them with my excess sell trades. If direction becomes unclear I will close my excess trades so that I have 4 buy trades and 4 sell trades. When the direction becomes clear I will start buying or selling in the trend direction. My mission is to increase my net profit slowly and steadily with an open and relaxed mind. This method may not be for everyone but it helps me.
See attachment.
Cheers.
Trade to trade another day
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