Maybe it could be a potential rule to have a limit on the number of impulse moves we can piggyback on.
For example in the past hour, there were three strong impulse moves. Each move was less attractive than the one before it.
I was greedy and tried to hope for another wave. I tried 3 times and lost 11 pips. My finger was on the kill switch and i killed them when I realized how greedy I was being. Then immediately I would see the setup forming and greed would take over.
I think that a rule like 3 impulse moves with 2 entry opportunities only, but I'll just have to keep observing and taking notes to know if that's a good idea. That was the reason I didn't let those trades go all the way to my SL.
edit: I posted this 23 minutes ago and this notion has already saved me 3 heartaches!
For example in the past hour, there were three strong impulse moves. Each move was less attractive than the one before it.
I was greedy and tried to hope for another wave. I tried 3 times and lost 11 pips. My finger was on the kill switch and i killed them when I realized how greedy I was being. Then immediately I would see the setup forming and greed would take over.
I think that a rule like 3 impulse moves with 2 entry opportunities only, but I'll just have to keep observing and taking notes to know if that's a good idea. That was the reason I didn't let those trades go all the way to my SL.
edit: I posted this 23 minutes ago and this notion has already saved me 3 heartaches!
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