I had losses since tuesday, this is a reminder that a low win-rate means nothing. RISK MANAGEMENT IS KEY.
Low win rate for me this week, but one trade left me in profit anyway. Wishing you all well and have a great weekend!
We had amazing price action, breaks to the upside out of a down trend. It was clear we were going up. I missed amazing entries but I did catch a nice one still and it has made my day fantastic.
I believe we're going to retrace down to the area of my current entry then fly up..
My reasoning, we've broken structure to the upside out of a down trend, we always see a break, retrace then shoot wherever we're heading. Let me know what you think. Honestly there's probably more I could say but I'm a terrible writer, sorry!
I noticed breaks of structure where I had entered, there was clear signs of entry a lot earlier around 1726 I believe, I just missed it though. I am seeking more moves long still and I am holding my trade for now.
Why I think we're going up some more:
- Multiple breaks of structure over and over, we even have some breaks of structure on the daily time frame. I...
Hey, guys! I am quite new to analysis, but I just wanted to share a few quick thoughts and I would love feed back and tips from you, the experienced traders.
- Personally I just think it's going down! It has bounced off my support multiple times and is not pushing through.
- As I said, I am quite new to this so be nice and please give me some constructive criticism.
