DislikedHi, i was Daniel... Unfortunetly i closed that trade too early. Golfer rules that a trand longer then 5-6 candles its not ok... i closed that trade at 1.3426 with only 4 pips profit... Very good CHECKstar for your experiente and patience. Only this 5-6 candle rules made me close the trade..
Anyway its very ok.. a saw trandes ho pull back ufter this 5-6 candles so its ok.
Good luck and i wish u a very good week!Ignored
Nothing wrong with what you've done (taking earlier profit). It happened to me too often - change of trend and my few pips profit turned into the 10pips loss. So now it is just my style of trading - conservative.
You can stay in a trade and take the risk (and won). Don't take me wrong. It is the same with taking each and every trade set-up in the war zone. My % of positive trades decreased from about 80% to 45% in April this year (being a high risk trader) and that why I started compiling My Rules. Now I try to stay with it and not being a high risk trader. I try to identify the high probability trades and exit a trade if I don't feel comfortable with the look of that trade. And I don't feel bad if the price move in my direction after I've closed my trade. Just wait for the next high probability - there will be many others.
That is why you need to decide for yourself what kind of trader you are and develop your own style of trading. If you decide to be a high risk trader - go for it!
Willem
Forex recipe for success = Patience, discipline & hard work.