Can you learn a lesson even from a losing trade ?
XAUUSD TRADE: I saw this trade on gold which I didn't later took due to personal reasons, I normally enter my trades using Smart Money Concept (SMC), where by i spot a break of structure from the previous market reaction and wait for some confluences like liquidity to occur then I select a nice indecision candle which aligns with my Fibonacci level of 70.50% or 79.00% correctly showing a discounted level.
On Friday morning, gold reacted to my order block around 7:30AM which i didn't enter because i was not around to take it, after taking out liquidity price reacted on my entry and rallied up, which later hit my stoploss because there where some level of unmitigated below my entry, which price later filled in at 2016.74 level and later on price tapped my anticipated TP at 2034.92.
So I learnt a lot from this trade, even though it was a loss, lesson well learnt.
On Friday morning, gold reacted to my order block around 7:30AM which i didn't enter because i was not around to take it, after taking out liquidity price reacted on my entry and rallied up, which later hit my stoploss because there where some level of unmitigated below my entry, which price later filled in at 2016.74 level and later on price tapped my anticipated TP at 2034.92.
So I learnt a lot from this trade, even though it was a loss, lesson well learnt.