Is forex trading good on short trades or is it profitable on long trades?
We can’t go to see since we can’t take out the Bugatti who just came to look at a plane, and sometimes you’ll probably be ready for anything I see this is an old girl, we want something like this, let him get his mother, so I go quickly to transfer the amount From my $100 to $200k of Forex trading, I told myself I would never go back to that place unless I was willing to lose all the money I invested in it, and today I’m not ok with that.
Is forex trading good on short trades or is it profitable on long trades?
For this very reason I don’t stick to my word, I just want to get in on the blackjack game I know but I’m fine, we’re in a new situation where now the account is up $35, and we’re still in the same place, still no forex trades we’ve added To the challenge, so we lost this new additional position on USD/CAD.
As you guys can see the price actually went up there was a bounce back into the area just as I expected the price came back and retested the structure level and now it looks like it’s seeing a sale down we literally pulled back right I mean you know we had a little bit more of what was We could have it but you know it’s simply not worth it.
Exiting the perfect kitty in a Forex trade
So we got out of the ideal zone just before this bounce and we’re looking to add positions here but it wasn’t the right session to get into this trade so I’m interested in adding a new position I have to wait for it to retest here and then I head to the downside so I’ll wait for this lower high So I sell the US dollar against the Japanese yen.
This gives us a perfect example of a daily double rejection for a candle where we have double wicks. The daily high and decision candle were broken on the 4-hour frame and retested under this structure, and we are now in a downtrend and come back to retest the psychological level around 14400 and then on the 1-hour time frame.
Creating a low high in Forex
It looks like we’re coming back to create this lower high because we’re creating a turning structure higher higher lower higher higher lower so now this is the exact point where I want to get into this trade like I literally want to get into this trade obviously not now I should Waiting for my engulfing candlestick.
But this is the area where I want to get into this trend, my stop loss is going to be right here, let’s call it 50 points and my take profit could be up here for a quick, smooth, and easy payoff from one point to six as I hope you know if I’m going to With this damn trade here if I do this trade and risk 100% of the account which means 200,000 and gets a risk reward of 1 to 6, I will turn 200,000 into $1.2 million.
Waiting for a specific trade signal to enter the Forex equation
Now if we did that maybe it wouldn’t be right now because maybe we should I think we should do it now, all in the black, all in the black ready, no, that’s how you make an emotional trading decision, you have to wait Your entry signal at the moment.
When you trade with Trend, the whole point is to set the price and forget it, a perfect retest of that interest rate was done, then we retested the daily area of interest and we got the daily wick. How many times have you said we’re going to fill the daily wick a million times, this is a perfect example of why we continue to hold our position and not reduce our profits when we trade with the trend.
Sell test for a Forex transaction.
I strongly believe this has the potential to easily get to that low by the end of this week, it’s just what the market action is doing, look at the weekly time frame to retest the sale, like I said, we cut our profits in the middle of the overall move.
We’re very interested in actually going into this trade too soon, what I need to see is for this daily time frame to close this way, I’ll need to close it with this double daily move because the next day I can expect a push to the downside, So right now I don’t like this price action on the 4h.
Wait until the daily candlestick closes in Forex.
I don’t like it at 1 o’clock though because if I were to enter if I had entered obviously we would have made a profit but if you noticed yesterday we never got our entry signal and we didn’t execute the CU of the trade at the moment we have what could be a signal Possible entries but I want to wait until the close of the daily candlestick until we actually become interested in this position.
So this position is still there. There could be a lot of activity happening but we’ll be waiting for more price action in all these other markets. I’m not interested at all, I’m only interested in USD/CAD or USD/JPY/USD/CAD it’s just gone it’s dead.
Summary
There is nothing we can do, the trade has simply run its course, we entered at the ideal point here and then we entered again at this point here, there is nothing else we can do but just sit and forget we cannot so scaling up at this point is simply a matter of course. Good, trading is just happening, there is nothing we can do about it now, what we can do is just find a new opportunity in this Forex market.
