Lesson From Lost Trades Eur/aud, Xau/usd!!!
I broke down different scenarios that didnt played out well. that made me modify my outlook of risk management and ability to optimize profit. so hope you learn from my losses and see how i modified to really capture more pips in the market.
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Lesson Modification
1. Indicating various Profit Target levels to maximize profit and At least walking away with some profit
2. Identifying liquidity pool (accumulation phase) for fakeout
3. Move stop loss in profit
4. The market moves in average daily pip range so when you trade a pair make sure you know the daily count of the pair eg eur/usd if it is 100 pips per day and you captured about 30-40 pips. that crazy enough. just get out and call it a day!!
NOTE: I am comfortable losing a trade cause i am not attached to the outcome of the trade, Also i manage my risk well. that i rather see my stop loss being hit cause that is what i am comfortable to see the market move against me to see if it will move to my favour
Follow me for more update and Trade setups!!!
Please leave a comment and show some love. Thanks for Following
Lesson Modification
1. Indicating various Profit Target levels to maximize profit and At least walking away with some profit
2. Identifying liquidity pool (accumulation phase) for fakeout
3. Move stop loss in profit
4. The market moves in average daily pip range so when you trade a pair make sure you know the daily count of the pair eg eur/usd if it is 100 pips per day and you captured about 30-40 pips. that crazy enough. just get out and call it a day!!
NOTE: I am comfortable losing a trade cause i am not attached to the outcome of the trade, Also i manage my risk well. that i rather see my stop loss being hit cause that is what i am comfortable to see the market move against me to see if it will move to my favour
Follow me for more update and Trade setups!!!
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