Still Holding AU
View the previous post for more details about the trade.
Last Friday almost hit sl just about 10 pips more. This is the perfect example that you have to stick your trading plan. Even market scary you just hold the trade. Because even before you enter your trade you had made a good analysis and take action to execute buy. And the market will test you, even it does not test the line it will test you are you sure with your trade.
My conclusion are I have done my analysis, enter the market, just stick to the plan, mentally, emotionally, just don't mind about it at all.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market.
Keeping the trade simple, even it's super simple, as long as you understand what you are doing then take the risk to gain.
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Last Friday almost hit sl just about 10 pips more. This is the perfect example that you have to stick your trading plan. Even market scary you just hold the trade. Because even before you enter your trade you had made a good analysis and take action to execute buy. And the market will test you, even it does not test the line it will test you are you sure with your trade.
My conclusion are I have done my analysis, enter the market, just stick to the plan, mentally, emotionally, just don't mind about it at all.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market.
Keeping the trade simple, even it's super simple, as long as you understand what you are doing then take the risk to gain.
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
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