Weekly Summary 15 Nov to 19 Nov
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DislikedWeekly Summary 22 Nov-26-Nov The price was near the 2020 June-July consolidation in weekly chart. I was watching out for an action in price which may cause an up move. But I think having missed the trades during first few days of the week, I was too focused on the short that I took on Thursday. It gave clear signs to exit. The biggest issue that I saw in myself this week was that I was aware of these levels but didn't act on it. I didn't exit thinking, what if price follows the trend and goes down again by end of Friday. I will miss the move. So...Ignored
Disliked{quote} You definitely got too cute with things last week. I expected to see you short on the 23rd (but maybe you weren't at the charts) and then not sure why you didn't just close things down on Thursday since you had some profit on a US holiday and then take Friday off. It's those small decisions that make all the difference.Ignored
Disliked{quote} Hi G, Thank you for the feedback. Yes. I was looking to get short on the 23rd and placed a PO but the price missed to trigger it by 2 -3 pips. I should have entered on a retrace to the MA but then I didn't do it and waited. I was expecting for a deeper retrace. The same happened for 24th as well. I was disappointed with the continuous missing of those trade which led to the holding of the trades on 25th. As you said these small decision are really important and makes a lot of difference. Especially the context like US holiday and things...Ignored
Disliked{quote} I like how honest you are with yourself..."I was disappointed with missing of trades which led to the holding." I want you to really work on recognizing these feelings in the moment and finding the discipline to step away. I would also say.. simplify. You've added a few things over the year that aren't really serving you so never forget the basics.Ignored
Disliked{quote} Sure G. Thank you. I will stick to the basic rules of the exercise.Ignored
Disliked{quote} Don't discount things you've noticed/learned, but never forget the basics in your evaluation. Here is the basic trade from today that you mentioned. I saw it had hit the MA when I got home, it was still close, entered, looked for move back to weekly open area. It may continue on, but I grabbed 33pips in a very basic setup. If I were doing the exercise, I'd look at the chart each day, but re-engage next week. Learn to make a profit and then make myself patiently wait for the next opportunity. As you eluded to, I don't love the pivot, big...Ignored
DislikedPrice cont'd up... the basic rules tell me to wait for it to turn down, so practicing patience. Checking emotions about not trading the up move.Ignored
Disliked{quote} Hi G, Thanks for the chart. Yes I have noticed this pattern(MA+ some structure) working out repeatedly.. especially when the move supports. Another thing I noticed is that you took profit at weekly open even though you were not doing the exercise. I thought you would be running it. I was thinking about target during my weekly analysis and was thinking to myself that it could go higher especially after seeing the PA in weekly chart. 1. The price is in the consolidation area from June/July Last year. 2. It gave a weekly bullish Pin. 3. MA...Ignored
Disliked{quote} Well, I showed you the trade yesterday to try and help motivate you back to positive trades after a mental letdown AND to show you this is all you need to do. In interest of disclosure, I did run the trade from the pivot... your instincts are good. What you described is all correct in both cases. Absolutely the target could be higher AND because of short bias in the exercise wise to not let it run as well and take what is still a substantial return in a non-exercise account. You can do this. {image}Ignored