So far, big picture has not changed. And we trade according to what we see, though we might have a different plan in mind.
In my opinion, if you are trading setup by setup, i.e. you do not have an overall plan, in the long run, it is very difficult to make decent money out of trading. Don't forget there would always be periods where no matter how you trade or how you adjust to the market, you just can't make money. And during such periods, if you can't control your risks, that is most likely the end of your trading career (got to make it sound serious :-P, but seriously, it might happen...)
Below is just an update
3 comments:
This pair of price bounce in green box again. ^^. Agree with you, risk control and money management are important.
Did you managed to get in at short 1.6137 or 1.6084?
Was looking at 1.6084, but after that H1 red. Price did not move up for me to sell. Sometimes i wonder should i just take the shot at 1.6084 without waiting for the red.
hi there mr anonymous...
what would have been your plan if you want to sell at that level? target?
On hindsight that is a good sell that reach a low around 1.6020
but then again, several hours later, maybe after non-farm the story would be different, being a buyer may be more profitable..
No one is going to be absolutely right or wrong, it depends what has been your plan and did you execute and achieve the result that you wanted
Cheers,
Eric
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