Insisting on a contra trend, with very tight stop, is not very wise.. The two reversal trades were just premature, the reversal came later and in a natural way.
1 comment:
Akhram
said...
It is indeed not wise to force anything whether it’s in a business like Forex trading or even in life, if a thing is meant to happen then it definitely is going to happen there is no one can fast forward or slow down the progress. I am fairly lucky to have OctaFX as my broker, they are the reason I don’t need to force anything since they have got 50% bonus offer that I use and even with low funds I make great profits.
"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:
It is indeed not wise to force anything whether it’s in a business like Forex trading or even in life, if a thing is meant to happen then it definitely is going to happen there is no one can fast forward or slow down the progress. I am fairly lucky to have OctaFX as my broker, they are the reason I don’t need to force anything since they have got 50% bonus offer that I use and even with low funds I make great profits.
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