All Pending Orders are cancelled. Do not want to take position in the desired direction after this hour. It seems that direction worked well for each trade but our levels did not work for us as they did not get hit. In all cases I do not chase my trades. If I do not get filled, I am left with certainty of having many more trades to come in the future.
Remember we had a losing trade today at a point where our planned trades did not get a FILL. I have an experience whereby, I tend to take wrong trades under situations like these, that I do not repeat any longer. The best thing to do at such instance is - Accept the LOSS and Say HELLO to new trading day waiting for you.
Have a lovely evening all of you.
Trade Update:
Closed:
Non
Filled:
Non
Open Position/s:
Non
Pending Orders:
Non
Cheers, Yusuf SHAIKH
Its Time to Change the Ratio
Skype: NoWorriesTraders
Closed AUDNZD Short at BE (Including Spreads on MBT, it was possible to close it at BE) -Not too many traders say that but I trade my calls LIVE on my account so I know what I am talking about.
Reason: I see something else due to low aggression off this level now thereby increasing my risk, resulting into loss of my confidence in this trade => Better close it rather than expecting.
Will be holding EG trade upto profit target unless intimated here at FF or at Skype.
Cheers, Yusuf SHAIKH
Its Time to Change the Ratio
Skype: NoWorriesTraders
Extracts from Skype room discussions and analysis:
Kindly do not treat these as Final Levels to enter the trades as I call my trades LIVE when I feel it is ready to be executed. These are only levels around which I plan my enteries. Just giving you an idea of intent.
[2:53:09 PM] NoWorriesTraders: just working around some possible levels for now
[2:53:44 PM] NoWorriesTraders: EURNZD Long @ 1.7882 and then 1.7795
[2:54:10 PM] NoWorriesTraders: EURAUD Long @ 1.4386
[2:54:28 PM] NoWorriesTraders: It is important ose how PA reacts at these levels
[2:54:53 PM] NoWorriesTraders: and give more attention to EURNZD as it has more potential to give results
Trade Update:
Closed: Non
Filled:
Non
Open Position/s:
Non
Pending Orders:
Non
Cheers, Yusuf SHAIKH
Its Time to Change the Ratio
Skype: NoWorriesTraders