Ending the week in profit with 3 profitable trades out of 4
I made this trade after a day off from a losing trade. I have learned better than making a revenge trade.
So, after doing a top-down analysis from the daily timeframe to about the 15mins timeframe, I knew the overall direction of the market. I doubled my research by spotting an ascending triangle. This led me to find the best time of entry after deciding how much I was willing to risk for the trade, after which I gave a stop-loss that will allow my trade to breathe well. I am super glad I made that decision.
After making the entry, I was 95% sure of the trade, but after waiting for almost 24hrs I began to doubt the trade but I still trusted my strategy. Always trust your strategy!
Although I left the trade quite early as it already broke the first profit milestone, I could have waited for the trade to do more profits but this is what my psychology can allow for now, lol.
I go again next week, hopefully, we make good profits again!
So, after doing a top-down analysis from the daily timeframe to about the 15mins timeframe, I knew the overall direction of the market. I doubled my research by spotting an ascending triangle. This led me to find the best time of entry after deciding how much I was willing to risk for the trade, after which I gave a stop-loss that will allow my trade to breathe well. I am super glad I made that decision.
After making the entry, I was 95% sure of the trade, but after waiting for almost 24hrs I began to doubt the trade but I still trusted my strategy. Always trust your strategy!
Although I left the trade quite early as it already broke the first profit milestone, I could have waited for the trade to do more profits but this is what my psychology can allow for now, lol.
I go again next week, hopefully, we make good profits again!