NAS100 31/01 Outcome
Ended up taking a sell for the following reasons:
-Descending channel being formed
- 61.8 fib being respected
- Descending TL touch
- DXY broke a key daily resistance
Lessons Learned: When taking entries based off the 61.8 alone, use 707 as guidance for SL placement
-Descending channel being formed
- 61.8 fib being respected
- Descending TL touch
- DXY broke a key daily resistance
Lessons Learned: When taking entries based off the 61.8 alone, use 707 as guidance for SL placement
Note
Lessons Learned Continued: I failed to manage risk properly therefore resulting in 3% loss rather than 2% and so this caused me to chase the loss even moreNote
Even more Lessons learned: Dont change your analysis completely just because someone else says their view, trust your analysis and trust the process.
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Related publications
Disclaimer
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.