The marketplace is in a tightish selection. No direction, tons of sharp moves. I shall call it a day today.
Its been a good week for me. My patience for a good installation is rising daily. However, my success rate is advancing though my account is still in negative territory and I am now over the mark. I am averaging losing transactions. I am pushing trades. Having said that I think I am still about 4 months away from becoming trader's kind that I wish to become.
Tomorrow I am off to Malaysia for a month or so. I don't know if I'll have the ability to trade on daily basis. Lets see how things materialise.
Brief of Euro in 1.5550. SL 1.5565. Profit target LML of gloomy fork.
Edit: SL Breakeven.
Edit:10.35. . .the market is currently in 1.5528. Whether that trade will be rewarding, I don't know but I feel good about it already . This morning Gurus and traders around the discussion were bullish in this pair. According to my system when the price failed to achieve its destination that is most likely, viz UPL. I waited patiently to get a sell signal and included the Hagopian principle. After the bar prior to the junction of the blue and red fork failed to close above the line that was my activate and I sold in 50.
Edit. SL hit for a breakeven trade.
Got stopped out of my trade for breakeven. Dopey my justifiion for transferring the stoploss with no logical place to conceal it. I was moving against the trend of the afternoon and if I do take a trade I am cautious as price might turn around and keep its main trend. Second, in the intersection of 2 forks one expects price to move quite violently.In this trade I had one big bar and the price went into an energy coil indiing that perhaps it's already spent its downward energy and now its saving energy to move up again. I moved my stop to breakeven so if I am wrong I don't let a commerce.
Cost is currently 1.5585. I guess that the Gurus and the rest of the great folks ofcliqforexwere correct and I was wrong. But, I feel joyful as I followed my system and I wasn't affected by other people. Here is the crux of trading in my opinion. Using a plan which you trust and regardless of public opinion, having the conviction to execute it. I'm gradually getting there. That said I know this road is a very long one.
This is another take on the event of this morning. I guess my brief bias prevented me from seeing this setup that is fantastic. This transaction would have been using the tendency of a ratio that was fantastic and the day too.
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