How I turned a run away -112 loss active live trade into a 36 pip profit and only -26 loss (62 pip win minus 26 pip loss equals 36 pip profit). EURJPY 15m Chart - I hit the wrong timing and as many I let my loss run too long. I knew from other pairs and time frames that the EUR should drop and the JPY strengthen. When I saw a double top and a close below the 50 sma I switched to my 5m chart and entered on good bearish entry signals. My 15m chart had a long run of red candles and I was covering my losses enough and coming out with some profit so I closed everything. I didn't follow my rule to enter my trade with .01 micro to make sure the timing of my move is right then increase my trade size. Lessons learned and re-learned.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.