Negotiations in the Japanese and Australian markets in the H1 time frame. Hi, I'm making this post on the second day of this negotiation, now it's 02:20 AM here in my country. I like this time, but let's get to the main topic of the post. I made the sale with two contracts in Japanese makert, the first was to be closed at the first Fibonacci target of the expansion of the previous pivot, but I pushed the target away thinking that the market would go down further, but the market was at the first target, the famous number fibonacci gold 61.8 and rose. I have two sales in this trade, I should close the first sale at 61.8 and the other at 100. But I was greedy, I think I need to stop being greedy and try to be more consistent. What I think is that greed will lead you to want more points and in that time the probability of the market taking you to zero or the market going back against your position and you losing money is high. In the Australian market there were also two sales but I still haven't closed the trades on the Fibonacci targets as shown in the image, I was supposed to close the trade and have peace of mind. Later I will post how these trades went. Maybe in another post and here I'll post the link of how the trade went, I think it will be a good study of the market. This post is another caveat for me to focus on following my strategy. And you? Do you have something similar to this situation in your negotiations? Or have you already been through this? Thanks for reading my post!
NK225 16 Feb 2024 - day range was 1.8% 20 Feb 2024 - day range was 1.2% 21 Feb 2024 - day range will probably be no more than 1.2%. also on 21 Feb 2024, notice the strong Hangseng futures & China A50 futures upforce momentum.