Hello Everyone

I think it's a great way to improve your trading is to analyze your trades, so this is what i'm going to do.
Today I traded the EURUSD pair looking at the (15 min chart). My fundamentals were ok:

Long
Above the 200 MA
Above the 20 EMA
Above the ichimoku cloud

So I trade it

The price went quickly up and I was excited. I started looking at the 1 minute chart and see how far the price went.

Now, I bough it at 1.13569 . And I should have sold it at 1.13680. Because you know that It can't stay that far from a moving average (20 EMA in this case) for that long, plus, the big movers don't stay for that much time.

It was a good trade, for a short period of time.

Eventually the SL got triggered, so a good thing when you trade with leverage, is to trail your stops and keep then narrow.



Well, that's an obvious rookie mistake which hopefully it won't happen again.

So that's it for my firs post
Hopefully tomorrow will be a better day and this won't happen again.

Bye
Przetłumacz na Angielski Pokaż oryginał

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