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4 trades today (eur/usd): +27 ticks, 0 ticks, 0 ticks and +22 ticks=+49ticks. Good day, I had much more confidence with my trading now and I really can see and analyze my charts better and act according to probabilities, my vizualization is helping a lot!
Can you help answer these questions from other members on NexusFi?
Now I feel like shit Basic support trailing of my stop could have yielded 75 ticks more.. And I was basically expecting move up but I didn't have patience for it.
Well I can't do anything about it, just try to manage trades better in the future, I just had to share this.
If you take a look at above and below volume charts, my indicator paints bars based on how fast they are completed, so it highlights white/light gray areas that are high volume bars on time-based charts. Then I simple ask if it's going to make a reversal or continuation and then a follow up question reversal/continuation now or later and take as good entry as possible (or do nothing) and manage the trade based on context etc. just like I'm taking those entries. Maybe first time that method is something I truly believe in.
I couldn't babysit my gbp/usd short trade after PMI report, so I put limit tp order which got triggered while I was away and I got 31 pips from it. Trade was ok. GBP is still under pressure but NFP is around the corner so it's good to be flat anyway. It was also refreshing to trade other currency pair than eur/usd which I had trade many months exclusively.
Let's see how NFP shakes the markets in a few hours.