On the one hand, I am happy that my analysis and expectations of the downward movement were correct, and on the other hand, I am sad that I could not get a short position!
The long position before 11:00 was very wrong, which made me unable to see the market properly in the 15-minute time frame, and I did not take a short position when I should have (after 11:00 in the afternoon).
Of course, it was good because considering that the 50% Fibo level was hit and the price is in correction mode, I will have a better chance to get a short position tomorrow.
I must remember that knowing and understanding the theory well is necessary but not enough, I must find the skill of taking the position at the right time.
And this (skill) only needs practice, experience and time.
The long position before 11:00 was very wrong, which made me unable to see the market properly in the 15-minute time frame, and I did not take a short position when I should have (after 11:00 in the afternoon).
Of course, it was good because considering that the 50% Fibo level was hit and the price is in correction mode, I will have a better chance to get a short position tomorrow.
I must remember that knowing and understanding the theory well is necessary but not enough, I must find the skill of taking the position at the right time.
And this (skill) only needs practice, experience and time.
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.