Made 10 pips out of this AND, more important, I restrained myself to re-enter short. Phew...
Exit was 3-4 pips above previous low.
Overtraded this week, hope to stop for today.
1 comment:
Mark
said...
This is nice work mate, it is important that we exit early before it’s too late as sometimes keeping the trade on always forces us to go into losses, so that’s why little profit is better then been greedy. I don’t need to be greedy because of OctaFX broker using their rebate service where I earn 15 dollars profits per lot size, it is given on every single trade whether it’s won or lost, so that’s the biggest advantage of this!
"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
I got a few pips and then I left monitors to take care of my daughters. When I came back, price was 70 pips down...
Risk Disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.
1 comment:
This is nice work mate, it is important that we exit early before it’s too late as sometimes keeping the trade on always forces us to go into losses, so that’s why little profit is better then been greedy. I don’t need to be greedy because of OctaFX broker using their rebate service where I earn 15 dollars profits per lot size, it is given on every single trade whether it’s won or lost, so that’s the biggest advantage of this!
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