I made this trade after a day off from a losing trade. I have learned better than making a revenge trade.
So, after doing a top-down analysis from the daily timeframe to about the 15mins timeframe, I knew the overall direction of the market. I doubled my research by spotting an ascending triangle. This led me to find the best time of entry after deciding how much I was willing to risk for the trade, after which I gave a stop-loss that will allow my trade to breathe well. I am super glad I made that decision.
After making the entry, I was 95% sure of the trade, but after waiting for almost 24hrs I began to doubt the trade but I still trusted my strategy. Always trust your strategy!
Although I left the trade quite early as it already broke the first profit milestone, I could have waited for the trade to do more profits but this is what my psychology can allow for now, lol.
I go again next week, hopefully, we make good profits again!
So, after doing a top-down analysis from the daily timeframe to about the 15mins timeframe, I knew the overall direction of the market. I doubled my research by spotting an ascending triangle. This led me to find the best time of entry after deciding how much I was willing to risk for the trade, after which I gave a stop-loss that will allow my trade to breathe well. I am super glad I made that decision.
After making the entry, I was 95% sure of the trade, but after waiting for almost 24hrs I began to doubt the trade but I still trusted my strategy. Always trust your strategy!
Although I left the trade quite early as it already broke the first profit milestone, I could have waited for the trade to do more profits but this is what my psychology can allow for now, lol.
I go again next week, hopefully, we make good profits again!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.