HTF bias first.
Price moves in phases. I participate only in expansion.
EU → DXY & GU
Gold → XAUEUR & XAUGBP
Nasdaq → ES & YM
Relative strength & SMT must align.
Risk fixed. No anticipation. No overtrading.
@StoicTA Since its learning phase trying to take as many valid setups as I can.
Total 6 trades ,+1R-1R+2R+4R-2R+2R=6R
1 execution error,one poor risk management ,2 quality setups.
https://t.co/mqyIwhCOXx
https://t.co/chEP2TuQoi
https://t.co/TJDbpXbLq5
Gold messed with my psychology first long trade entered market order without a stop loss in place. So exited with a bigger loss than intended.Then a short trade although covered the loss but entered earlier before retracement.
@BillionNgo@nikhilgabda@StoicTA@Stoic But in his new indicator there is also PDC.I find it useful to trade between PDC and PDH/PDL
depending upon the bias.The MAs also help and filter counter trends
https://t.co/chEP2TuQoi
Gold messed with my psychology first long trade entered market order without a stop loss in place. So exited with a bigger loss than intended.Then a short trade although covered the loss but entered earlier before retracement.
Gold +1R ,-1R ,+2R
It was a bit messy,wrongly exited the 1st short trade ,entered again then a long setup formed so exited and entered long but late entry.
Anyways #FibGeometery worked!
Missed a 3R long today because I was managing an active short.
Lesson: when you spot the opposing setup forming, pre-set your limit exit at its entry. Decision made in advance = mental bandwidth preserved.