Just did my morning analysis and USDTRY really challenge my limit the mostttttttttt.
it has meet almost all of my setup rules less one of it.
when this happen, it is easy to look for clue on the chart and be tempt to break the setup rules.
and yes, I was tempted and almost pull the trigger. thankfully, i managed to stop myself somehow.
i am sure this is why psychology is such a important factor when it comes to trading. if this pair exploded downwards, will i beat myself up for missing it? whatever, this is just another trade opportunity. more will come my way, i'd rather take the setup that meets all my rules and lose then to break my rules and win.
it has meet almost all of my setup rules less one of it.
when this happen, it is easy to look for clue on the chart and be tempt to break the setup rules.
and yes, I was tempted and almost pull the trigger. thankfully, i managed to stop myself somehow.
i am sure this is why psychology is such a important factor when it comes to trading. if this pair exploded downwards, will i beat myself up for missing it? whatever, this is just another trade opportunity. more will come my way, i'd rather take the setup that meets all my rules and lose then to break my rules and win.
Note
Cant help but to put on a pending order because of another price action that was printed on the chart. seems like Bear is in certain control over this pair. so lets give it a try.Note
Moved my stop to BreakevenNote
Bull fighting backkkkkkkkkkkkkkkk.Note
Trail Stop. about 0.5R small winNote
cuts me out and continue down. :(
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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.