I waited an eternity in the range to break, I took a direction and had 5-6 on hand but wanted more : price made a number of lower highs and gave me a loss... The pips came later, by taking the correct breakout.
1 comment:
Gatty
said...
This is why we need to be very careful with how we work, as trading can be very easy in certain times, but then it could be very hard to handle up things. I always have my safe side which is a lot easier with broker like OctaFX, it’s awesome with having highly supportive conditions and features including low spreads from 0.1 pips for all major pairs while we also get 50% cash back on all trades, it gives me extra comfort and I am able to work nicely.
"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 why we need to be very careful with how we work, as trading can be very easy in certain times, but then it could be very hard to handle up things. I always have my safe side which is a lot easier with broker like OctaFX, it’s awesome with having highly supportive conditions and features including low spreads from 0.1 pips for all major pairs while we also get 50% cash back on all trades, it gives me extra comfort and I am able to work nicely.
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