Forex price action trading
- Thread starter momoNY
- Start date
Stopped out on my last entry, for a loss of 14 pips, then my limit order at 1.24 was filled. For safety, I am starting to doubt this trade, it takes too long to move, I closed the trade at 1.2425 for a profit of 25 pips. Won't count these two trades. Still have one position open.
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Sometimes I feel like I am the one who is driving the market, enough bragging now!.
I exited like a fool one position at 1.2465 for 40 pips profit; I shoulda woulda have stuck to my plan. The re is nothing worse than a lack of sleep for a trader; all my mistakes from shitty night of sleep, you become week and lose confidence in your trades. I am very happy by the way my predictions turned out. we rae very likely going to the 1.27 area before going down and cutting through the big support area of 1.20-1.22. When we get there we will load the truck. For now it is very likely that we get a range bound market going up. Target on the remaining position is 1.2525. Will reenter previous position if it comes back to my exit price.
13 trades, Profit: 560 pips losses 131 pips P/L: +421 pips.
9 winners, 4 losers.
I exited like a fool one position at 1.2465 for 40 pips profit; I shoulda woulda have stuck to my plan. The re is nothing worse than a lack of sleep for a trader; all my mistakes from shitty night of sleep, you become week and lose confidence in your trades. I am very happy by the way my predictions turned out. we rae very likely going to the 1.27 area before going down and cutting through the big support area of 1.20-1.22. When we get there we will load the truck. For now it is very likely that we get a range bound market going up. Target on the remaining position is 1.2525. Will reenter previous position if it comes back to my exit price.
13 trades, Profit: 560 pips losses 131 pips P/L: +421 pips.
9 winners, 4 losers.
Put my stop back to 1.2392, there is a triangle formation on the 4 hours chart, will se how it unfolds.
Scratched the last position at 1.2465. I lost faith in this trade. Keeping one position on entry was around 1.2425. Thinking to reverse my positions and go short! Will wait a little bit.