Chart says it all: -Broken and closed outisde really strong trend line acting as resistance -Now not making lower lows -Also found support on the monthly key level 1.9900 and 20000 -which is a good psychological number if it hold -Break-retest-enter -Target key level of weekly resistance 2.0400
Dagangan aktif
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Key to trading is doing accurate analysis but more importantly....TRUST IT and HOLD IT :)
Dagangan ditutup secara manual
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Took some profits before the weekend as I hate holding over the weekend.....And its a good job I did because we've fallen off a cliff here
Holding trades over weekend is like waiting to get hit by a bus come market opening time the following week. LOL
Wesual
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long @ 2.0046300
Wesual
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Unfortunately it still went further down and hit my SL :/ only by a small amount.. damn. better luck next time. Good analyse tho!
jackmyattFX
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Thats a shame, you need to have a decent size stoploss for erratic pairs e.g. gbp crosses :) If its too much of a risk in terms of money just decrease your lot size :)
Wesual
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Yeah. I started doing live this week and doing it with real money is much more stressful haha. I have to learn how to deal with that still. :) Also I need to find a better entry point in the future. : ) Looking for more charts from you bro!
jackmyattFX
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I you need to learn how to deal with it bro a 5* book which will 100% help is "trading in the zone" by Mark Douglas its all the psychology behind what makes a successful trading helped me LOADS. :)
Mirko93
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you think the support break in daily is only a false segnal?
jackmyattFX
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Hey man just watch for a retrace as I said break retest and enter but we have had a retest on smaller timeframes....but the close outside it bullish move in my eyes.....Weve had alot of downward movement recently anyway.....what goes down must come up :)
Mirko93
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okok man ! i think is possible go more up !and testing the support broke yestarday :)