#004 NEW DCA EURAUD SHORT
تم تحديثه
Forgot to jot down this trade, I think.
I have two or three positions as I DCA into this pair when price goes against me.
Previously I traded in the long position, but I switched gears and began shorting, I think.
Before this trade, I was trading 100 unit positions, but when I switched gears, I upped the units to 200.
I feel that I should sit and wait instead of thinking of why the market does what it does.
Secondly, even if I blow my account, I should not mentally throw away the effort i have put forth thus far, especially if I want to continue doing this method but I just f up.
It's ok to make mistakes and to blow accounts. When you arrive, you don't just come with nothing, you reached this point with alot of understanding and also painful wisdom.
Third is that, I have seen more than enough that price does hit the TP more often than not. So, dont DCA too much. Do it at significant levels, do not multiplier. And, wait, because price take time to reach your desired exit price. It takes 2 weeks or so, for 15 Minutes and 1H trading.
Be patient.
2259SGT 11122024
I have two or three positions as I DCA into this pair when price goes against me.
Previously I traded in the long position, but I switched gears and began shorting, I think.
Before this trade, I was trading 100 unit positions, but when I switched gears, I upped the units to 200.
I feel that I should sit and wait instead of thinking of why the market does what it does.
Secondly, even if I blow my account, I should not mentally throw away the effort i have put forth thus far, especially if I want to continue doing this method but I just f up.
It's ok to make mistakes and to blow accounts. When you arrive, you don't just come with nothing, you reached this point with alot of understanding and also painful wisdom.
Third is that, I have seen more than enough that price does hit the TP more often than not. So, dont DCA too much. Do it at significant levels, do not multiplier. And, wait, because price take time to reach your desired exit price. It takes 2 weeks or so, for 15 Minutes and 1H trading.
Be patient.
2259SGT 11122024
تم فتح الصفقة
With my grandmaster level at deviating from what I initially intended to do, I now recognise the fact that I and many people deviate from our initial goals without even realising.
So, it is ok, we just need to keep ourselves in check if we are still aligning with the initial thoughts and remember what they are, also.
But talk is easier than done.
2303SGT 11122024
أغلقت الصفقة: تم الوصول للهدف
Ah Ah Ah hand itchy again. Closed both positions manually when price is at the support area as seen on the chart below.
But its ok, I think, I exited at a level where price could bounce off from. No guarantee it would happen, 50 50. Profit is profit.
1217SGT 12122024
One thing to note is, I have to practice on identifying trends using stochastic 20,1,1 and going from lower to higher time frame to sieve out cleaner bounces off stochastic 20,1,1.
Trends and ranges could both use the method.
1218SGT 12122024
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(+0.8$) + (+1.24) = 2.04$ #PROFIT
1221SGT 12122024
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