On the one hand, I am happy that my analysis and expectations of the downward movement were correct, and on the other hand, I am sad that I could not get a short position!
The long position before 11:00 was very wrong, which made me unable to see the market properly in the 15-minute time frame, and I did not take a short position when I should have (after 11:00 in the afternoon).
Of course, it was good because considering that the 50% Fibo level was hit and the price is in correction mode, I will have a better chance to get a short position tomorrow.
I must remember that knowing and understanding the theory well is necessary but not enough, I must find the skill of taking the position at the right time.
And this (skill) only needs practice, experience and time.
The long position before 11:00 was very wrong, which made me unable to see the market properly in the 15-minute time frame, and I did not take a short position when I should have (after 11:00 in the afternoon).
Of course, it was good because considering that the 50% Fibo level was hit and the price is in correction mode, I will have a better chance to get a short position tomorrow.
I must remember that knowing and understanding the theory well is necessary but not enough, I must find the skill of taking the position at the right time.
And this (skill) only needs practice, experience and time.
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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.