I find it be difficult to read your charts, but can see this.
Trade 1 having let price come right against you and make it back up to entry, I would have waited or price to fail there or continue on up - as it happens you could have been in for a nice trade there had you have not closed.
Trade 8 and Trade 9. The failure of trade 8 should have led straightaway to trade 9, this would have got you in right at the top and again for another successful trade.
to follow up on Paul's post to you, i want to add that..
your trade 2 is on the money.. with a bit of patience you could have eliminated your trade 3,4,5,6.. (sounds like over trading.. you bet)..
my analysis out of your trades is that your quick to take the profit but you let your losers run.. simply gotta reverse that.. its a typical way of trading scared and have not yet coped with losses yet.. I know it takes a lot to accept a few 10pips loss in a row.. but in order to be successfull here, you gotta to do it..
body and mind.. when things go...
Ignored
Hi fx,
Thanks for your comments. Today I will try to close my losers quicker.
i played it as a no.2 , it took me in the trade then dropped to 22 ish then went back to 34 area then dropped again then when it went close to b/e i decided to get out with the small loss, just how i played it fourx, night not be right , just my call
cheers andrew
i played it as a no.2 , it took me in the trade then dropped to 22 ish then went back to 34 area then dropped again then when it went close to b/e i decided to get out with the small loss, just how i played it fourx, night not be right , just my call
cheers andrew
The System II (Yes with irony)
