We do the analysis and we have reasons for entry. But what priority is your money management system. I being honest with my trade and analysis. Pro traders have a ratio where we put our stop loss and take profit. This trade is actually a good trade because we follow the system even it hits sl. At the first place, before we predict the market, we agree how much we want to risk. But for new traders, they don't understand because when the time goes by they start to lose their confidence in the trade when at the first place they already agree how much they wanna risk their capital. Hope this teaches you something.
Watch my previous post about this analysis of this pair.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market.
Keeping the trade simple, even it's super simple, as long as you understand what you are doing then take the risk to gain.
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Apr 15
Trade active
Watch my previous post about this analysis of this pair.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market.
Keeping the trade simple, even it's super simple, as long as you understand what you are doing then take the risk to gain.
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Apr 15
Trade active