Closed the second trade prematurely, under the "roof" of several trendlines. Then pips come naturally as price, after a profitable correction, moved up in a steady pace. 31 pips on 6 trades and done for the day.
It’s absolutely vital that we learn to stop for the day; it’s so common that we just want to continue which often cause massive issues. I am very lucky that I have learned things quite well; it’s ever easier with broker like OctaFX because their rebate scheme helps me big time where I get 50% back on all trades even on the losing one, so that’s why I find it so good and that’s what really helps me with performing well and allows me to succeed.
"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.
2 comments:
really good my friend... you're becoming do disciplinate! I envy you for that ;)
It’s absolutely vital that we learn to stop for the day; it’s so common that we just want to continue which often cause massive issues. I am very lucky that I have learned things quite well; it’s ever easier with broker like OctaFX because their rebate scheme helps me big time where I get 50% back on all trades even on the losing one, so that’s why I find it so good and that’s what really helps me with performing well and allows me to succeed.
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