Disliked{quote} despite sometimes we can correctly predict the direction, i still prefer to consider price random and act accordingly. so i guess taking the profit when see signs of bounce is advisable....Ignored
The reason I asked is to learn KNOWING HOW TO LOSE, in reference to another comment earlier.
Yesterday, I had a significant loss on my USDJPY short, partly because I did not set SL, but mainly due to an inability to abandon a loser. Such a behavior was not the first time, but repeated MANY MANY times before. Yesterday loss, hopefully was the last one of its type and never again.
Disliked{quote} hey AdelPC, you are welcome to post here anything you like, we will discuss our trades together and learn from each other but do not ever think giving up worse case scenario open a micro account, do not pay attention to how much money you make at this point. we can start our discussion from the topic on how to lose. this is the most important thing in forex: KNOWING HOW TO LOSE. once you master this, profit will come to you begging to have itIgnored
When in doubt, HEDGE