Trend is your friend -[A lesson](NEVER GO AGAINST THE MARKET)
EURAUD
I learnt a lesson for lifetime here:
I closed my short early around the 4th LL(MY TP had reached) : Now i wanted more so kept my longs but extinguished my Shorts.
I had long positions buildup on every lower low considering the EUR to overpower AUD fundamentally.
But it never occurred as you can see I did exit my longs during the Asian session as I saw the LL break but it was a fakeout for the session.
In the End the fake move turned out to be the original move.
How biased I became doing TA to justify My Longs and over 400$ in draw down(Wiping off all my gains for today and yesterday.)
I made an A symmetric triangle for tend reversal then searched the web and realized it was a continuation pattern my mind played tricks on me. As soon as the Triangle broke I got out of the trade as I couldnt see my gains go to -ve.(So now im neutral for the week. All hardwork gone just cause i kept adding to my loosing position )
I even made a Inv H&S as you can see to justify that my long position was valid and shouldnt have closed em in loss. But thankgod I did
Finally, friends be careful out there never go against the trend. So my holiday starts much sooner gonna take a breather here and start back again from monday.
I Had my analysis of downtrend did take the trade. in-spite of that my mind kept playing tricks on me to add counter trend positions and IDK what I need to do to not make the same mistake again(Read more psychology books?) Any help would be wonderful.
I learnt a lesson for lifetime here:
I closed my short early around the 4th LL(MY TP had reached) : Now i wanted more so kept my longs but extinguished my Shorts.
I had long positions buildup on every lower low considering the EUR to overpower AUD fundamentally.
But it never occurred as you can see I did exit my longs during the Asian session as I saw the LL break but it was a fakeout for the session.
In the End the fake move turned out to be the original move.
How biased I became doing TA to justify My Longs and over 400$ in draw down(Wiping off all my gains for today and yesterday.)
I made an A symmetric triangle for tend reversal then searched the web and realized it was a continuation pattern my mind played tricks on me. As soon as the Triangle broke I got out of the trade as I couldnt see my gains go to -ve.(So now im neutral for the week. All hardwork gone just cause i kept adding to my loosing position )
I even made a Inv H&S as you can see to justify that my long position was valid and shouldnt have closed em in loss. But thankgod I did
Finally, friends be careful out there never go against the trend. So my holiday starts much sooner gonna take a breather here and start back again from monday.
I Had my analysis of downtrend did take the trade. in-spite of that my mind kept playing tricks on me to add counter trend positions and IDK what I need to do to not make the same mistake again(Read more psychology books?) Any help would be wonderful.