Trading Forex

added 2 lots modified stop to above channel because i saw a small down trend line that shows counter trend traders are active

 

closed trade because market took support on the small down trend line.....a very nicely executed bear trap...am wondering if now the bull trap will be sprung.....not going long........ this has served as a nice wake up call

it is stupidity to assume an upward sloping line....is a resistance.

loss of 130 usd must check with my chartered accountant whether that has made me bankrupt.

 

market is slow....everyone is sleeping

 

I was taught by someone the same thing about "trendlines"!

 

I don't know; sometimes you even get good moves on friday before the NFP...
You just never know.
That said; it's good to force yourself to some limits in trading.

Another idea is to take your dog for a walk and return one hour after NFP,
look at the charts and decide if you see an opportunity...

 

yes
never trust..never take for granted

 

long eurusd.

 

closed trade something did not feel right

 

it will take sometime before i come to terms with this method, before i know it completely well and before i trust it fully

 

took a long trade here