Action returns for Pound

19 déc. 2019

Details in chart

19 déc. 2019

Note

we are out with a small loss.
Price has slashed through the support at 1.30659 with a pin bar and bearish candle.

Will monitor the progress

19 déc. 2019

Note

Lesson emphasised here : ALWAYS have a Stop Loss in all your trades.

Hope is not a strategy in the market. Just because you have a strategy that works in your past trades does not mean that moving forward, the Market must obey your rules. Self limiting beliefs such as price to rebound on support, 618 Fibonacci, pull back upon triple top, etc. All these are a guide and while you can find many pairs that had worked successfully, I bet if you find hard enough, there will be trades that surprised you as well.

We choose what we want to believe, which is a good thing. If we harness positive thoughts, then we are at ease and peace with ourselves to let Mr Market make his money from us. It is part of the game, that's all.

Having the abundance mindset allows you to have a longer time horizon that you could make back what you had lost, not one time but multiple times back. Now, that is a good belief to have.