DislikedYou are right. From my very little experience in trading I have noticed that Fridays are the worst days to trade. I have experienced many losses. Anyway, if I had kept in mind that 1.5994 is the R1 maybe I would have kept the position opened for a while.
But as you said....I should (and I am) happy with my +26 pipsIgnored
this can only be good as u will have a "fixed template" in ur mind to look for this nitty gritty details that support ur trade as according to the rules
EDIT:Hi iero4 I have looked at ur charts in another window cos they dont seem to load on this page,
I have one question is that I didnt see price touch the M15 10 EMA. Were you attempting a touch trade ?
Or were your reasons for entry for a constrainment trade along the M15 10 EMA??
Cos if you were trading off M15 i would assume you would be doing touch trade.
Apologies in advance if i assume wrongly
Regarding following the rules,
I have something that will help everyone here, new or experienced traders.
Kindly allow me to share a bit more here
I apologise in advance for the lengthy post.
i found that the times that i made losing trades or really bad trades are the times when i didnt follow the Dance rules
( those times were many and on several occasions end up in emotional and financial pain)
In order to solve this problem,I have been using this tool http://dontbreakthechain.com/
it's a tool i am using to keep track of me sticking to the Dance rules in my trades on a daily basis.
If i stick to the rules today. I check today's date box.
to quote an article where i got this idea from
"He revealed a unique calendar system he uses to pressure himself to write. Here's how it works.
He told me to get a big wall calendar that has a whole year on one page and hang it on a prominent wall. The next step was to get a big red magic marker.
He said for each day that I do my task of writing, I get to put a big red X over that day. "After a few days you'll have a chain. Just keep at it and the chain will grow longer every day. You'll like seeing that chain, especially when you get a few weeks under your belt. Your only job next is to not break the chain."
"Don't break the chain," he said again for emphasis.
This is shared with me by a friend from this article link below.
Hope this helps in more ways than forex
Cos you can apply this to other areas of ur life
http://lifehacker.com/281626/jerry-s...ctivity-secret