fucking mad at myself for missing the obvious short at 08:00 CET while stochastics AND ema20 was clearly showing it. I will go long at the end of this hour if it engulfs (no more jumping the gun with signals; that burned me allready twice today (( )
I don't get easily mad but this time I am disgusted by myself ... pure idiotic trading at it's best Went long 1.2023 targeting 1.2150. Kelly rightly called it 'experiments', nothing less it is ... when will I learn to stick to the charts at hand
This is how I analyse. you might agree / disagree and that's up to you. You need to look at big picture. the day to profit from eurusd was on 29 dec and 2 Jan. If you failed to profit massively (say > 50 pips) from these 2 days, you are taking unncessary risk by trading on 3 Jan. On 3 Jan, there is a reversal down signal at 304pm, UTC+8. you can get decent reward / risk ratio of 2:1, ie about 25 pips but I doubt you can stretch target profit. Also if you look at the whole European market on 3 Jan, not many futures are moving except eurex btp and energy futures.