I am at peace with my decision. Yes..I broke a rule and I am not too happy about it but I think with such an unusually huge gap, one cannot be too wrong in doing what I did. I guess as time goes by and my profits and confidence in this method grows, I will be less prone to making this mistake.
I have had an excellent week last week. Followed my plan to the T and got some decent trades. Didn't have to give up too much of profits on the EURUSD retrace and the icing was the pleasant surprise over the weekend.
Now I am getting bored waiting for a trade. I guess I have little else to do at the moment and my current method is too slow for someone who has lots of time to watch the markets. But I have to and I will stick with my initial goal of just trading this current method unless there are compelling reasons for me to stop.
EURUSD has started to retrace. Will start to look for longs once it reaches 1.35 area.
I have had an excellent week last week. Followed my plan to the T and got some decent trades. Didn't have to give up too much of profits on the EURUSD retrace and the icing was the pleasant surprise over the weekend.
Now I am getting bored waiting for a trade. I guess I have little else to do at the moment and my current method is too slow for someone who has lots of time to watch the markets. But I have to and I will stick with my initial goal of just trading this current method unless there are compelling reasons for me to stop.
EURUSD has started to retrace. Will start to look for longs once it reaches 1.35 area.