The chart below will clearly show you everything. I'm glad I was able to get back half of my early loss (ended the morning with -17 Pips) in hindsight if I did stick to the plan it would have been much better.
Monday, September 13
Always Stick to the Plan!
As I'm getting ready to trade, I've wrote my plan on my notebook based on what I see. I jot down -- Long. Trend is up. Set my alarm (green line) and tried to sleep bad move because price came down one pip above my point usually if I'm at my screen I could analyze it further by looking at the 5Min action and then decide whether its good enough to enter. As a result, I've missed the low risk entry point and EUR reverse up from there. Now, instead of waiting for a pullback and go long I've looked for counter trend trades another bad move. Tsk! Tsk! Tsk!
The chart below will clearly show you everything. I'm glad I was able to get back half of my early loss (ended the morning with -17 Pips) in hindsight if I did stick to the plan it would have been much better.
The chart below will clearly show you everything. I'm glad I was able to get back half of my early loss (ended the morning with -17 Pips) in hindsight if I did stick to the plan it would have been much better.
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