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Need to work more on steeling myself....

What a big lesson! Just one good trade taken can absolutely really yield as much as 15-20% or even more.... Yes, just one daytrade! But only if you have enough discipline to hold...

And of course was immediately punished for this emotional weakness by looking as price shoots up, but this time without me... :(

Errrr... Couldn't resist and took the profit of 6% as momentum wasn't as wild as when I usually tend to hold longer... :p

Moved the stop-loss to below pivot or about 2% profits and will try to ride the wave as long as possible.

Bulls attacking again. :D

Alright. :) Pivot and down channel TL still stopping my long for now...

Long @ 30.

Closest pivot points for today: R1 1.5740 PP 1.5637 S1 1.5572 So far during Asian session PP is very respected by the market again...

Long setup missed played out pretty well too...

yoohoo: thanks a lot for all this help and supportive words. Dad is waiting to be hospitalized for surgery cause of cancer issue and pretty depressed so needs a lot of support now. But I hope he and your father as well will go OK through this tough period of life! If you don't mind...

Also had a long setup around 593 which would still be running by now, but just got back to the computer, so this one is also theoretical. :) But still to call today a bad day would be absolutely shameless. :D

Unfortunatelly I didnt take this one, cause had to step away for a while (guesting at my parents' home, father is seriously ill and that was the reason I didn't trade yesterday). But your analysis was absolutely perfect Yoohoo and pivot is indeed very respected by the mkt, today I see it...

Thanks. Yeah, I see the channel broken and price under pivot, will react if see one of my short setups around this price.

Trailed the stop to under short term TL and was stopped out for ~4% gain.

Yoohoo: will check fibs too, and pivot today really acting as a strong S/R. Holding a long with a stop trailed to below pivot. An experiment of holding position longer. :D

Long @ 1.5647.

I compared your hourly bars with my time and see that your pivots are calculated using GMT 0:00 it seems. :) I am between Far East and Europe, so have to add/deduct time often too. :D Thank you Yoohoo, will add those pivots to my charts and will kep an eye on how they are respected by the mkt.

Thanks for these advices Yoohoo! As you were so kind to advice, I'll ask you some more questions about what you wrote: it was a big surprise for me to know that in FX pivots are even more important than in SIFs. Seriously I thought situation is exactly the opposite! :) But as I am sure...

Yes, holding for bigger trends while fine tuning entries on small levels is what I yet have to learn... For now I strongly tend to realize profits quickly, because fear is still here, though clearly understand that having a good entry on small timeframe and riding the bigger trend can yield not...