So I missed move down in eur/usd that I was anticipated. I shorted eur/usd again and got instant loss -8. Then gbp/usd again fly up and I got in long at the spike. I averaged that trade and was in for 40 minutes with it attempts to break up and building pressure. It wasn't good trading but I stayed. Finally at around 9:17h gbp was at break out point in gbp/usd, gbp/jpy and eur/gbp and it reversed. I didn't cut it on time because I was afraid that it's just spike. Four minutes later I was out. Then I had some nonsense trades that were product of frustration.
Even if eur/usd worked in the end for my anticipated direction that trading is not for me. As I had opinion about eur and listen to it I had later about gbp. When I have opinions I trade by them, good or bad opinions and I ignore the price. So better to skip trading with opinions, I was proved wrong today on account of that kind of trading.
Also I would like to mention that letting loss grow was consequence of building up profits in last two, three weeks. So it felt like I have spare and I can afford to lose. Which is very wrong attitude to have.
-62 pips
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3 comments:
Hello, please contact me to discuss business cooperation. Couldn't find your contacts at the blog. Sorry for comments like that. Forex Tester Software, Alex.
guess it takes time to change some habit in us. i am trying very hard not to do revenge trading with huge lot size.
Alex there is link for my complete profile, there you can find mail address, but never mind because I'm not interested in promoting your software. I'm satisfied with adsense.
Black, what we can do with days like this then take a break and put it behind us to continue when we get back the focus.
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