Technically Speaking
You can't see it on the chart but the 2 level has been a good level to sell against in the past.
I sold at 1.0170, stop at 1.0215. Initial target is 1.0000.
Here is my checklist I go through before taking a trade.
Is this trade worth taking?
* Where is the R/R right now? Is it obvious?
* Is the market trending or ranging in the time frame you are watching?
* Is price currently at a level that is obvious to all market participants? Remember, it is their orders that will push your trade to profit or loss. What are other traders seeing?
* What is the price action? Is it obvious?
* What would you regret more, passing on the trade and watching it go for 100's of pips without you, or losing a small % of your account?
In my experience, mistakes of omission are far more painful than mistakes of commission.
After thinking through these questions, is this a trade you would like execute?
You can't see it on the chart but the 2 level has been a good level to sell against in the past.
I sold at 1.0170, stop at 1.0215. Initial target is 1.0000.
Here is my checklist I go through before taking a trade.
Is this trade worth taking?
* Where is the R/R right now? Is it obvious?
* Is the market trending or ranging in the time frame you are watching?
* Is price currently at a level that is obvious to all market participants? Remember, it is their orders that will push your trade to profit or loss. What are other traders seeing?
* What is the price action? Is it obvious?
* What would you regret more, passing on the trade and watching it go for 100's of pips without you, or losing a small % of your account?
In my experience, mistakes of omission are far more painful than mistakes of commission.
After thinking through these questions, is this a trade you would like execute?
Dagangan ditutup secara manual
I closed this trade on Friday for a gain of 60 pips.I felt the risk was too great going into the Italian vote. I had a small loss in EUR/NZD so I felt if I covered the loss, the vote could push this trade from a win to a loss, so I took a small net gain on the week, which is fine.
finished the week with 2 trades, 1 win 1 loss for a net gain of 46 pips.
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.