TRYING TO TEACH MYSELF HOW TO FLOW WITH MARKET STRUCTURE
-HERE WE GO AGAIN!
-I saw the pound dollar making LL/LH which indicates a Bearish Market (Sells).
-I saw a great key level which would be a great area for sells and I marked it Red. My idea was that whenever price came to this area that I would sell sell sell.
-Once price broke through my level with a Big Bearish candle and closed below, I knew that the sells were on!
-I set a trade to soon and did not wait until it reached my key sell area. Also, for the first trade I should have set the TP a couple of pips above my blue shaded buy area due to the fact that there is a demand area right above my selected demand area that I did not signify on my chart.
-Im glad I stuck with my analysis because it eliminated Fear that I felt before setting the trade. I used technical analysis and went with the analysis and not my fear of failure.
To win in trading, I have learned that emotions must be removed from your analysis. Knowledge must take the place in its stead.
Also, by setting my directional bias early on during the week, I was able to mark by key areas and know if price returned to it that it was a winning trade for me because i stay with the direction and my directional bias.
Yay for Me!! Happy Trading...
-I saw the pound dollar making LL/LH which indicates a Bearish Market (Sells).
-I saw a great key level which would be a great area for sells and I marked it Red. My idea was that whenever price came to this area that I would sell sell sell.
-Once price broke through my level with a Big Bearish candle and closed below, I knew that the sells were on!
-I set a trade to soon and did not wait until it reached my key sell area. Also, for the first trade I should have set the TP a couple of pips above my blue shaded buy area due to the fact that there is a demand area right above my selected demand area that I did not signify on my chart.
-Im glad I stuck with my analysis because it eliminated Fear that I felt before setting the trade. I used technical analysis and went with the analysis and not my fear of failure.
To win in trading, I have learned that emotions must be removed from your analysis. Knowledge must take the place in its stead.
Also, by setting my directional bias early on during the week, I was able to mark by key areas and know if price returned to it that it was a winning trade for me because i stay with the direction and my directional bias.
Yay for Me!! Happy Trading...
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