Hello to all friends of this platform, today starting the day with the best energies, after not having had a good start I am already beginning to warm up with the good movements and showing the example because I am so attached to the rules and management risky.
In the forex there are operations that can take a long time depending on the type of trader of which person, I consider myself an intra-day trader, for closing positions the same day or two days later at the latest, I will talk about this in a few from my previous posts, and I won't do it again today.
On Monday I spoke to them about my analysis, then I spoke to them about the results where I failed in 4 out of 5, that last analysis was closed yesterday, after thinking about it several times.
I opted for the decision to close it earlier than planned because the pair was forming a new structure in the market, one of indecision that I do everything as price consolidation, and the most important thing about this part is that at any moment the price You can go anywhere, be it up or down.
For this reason I began to look for a price that was not in that range, and the one that I saw the best located was 1.6960, as this price could be fixed several times before and during the operation, I managed to get out with 40 positive pips to recover losses from past operations.
Despite considering myself a person who always sticks to the plan, there are circumstances that lead me to change, but those reasons are very few, one of them is the change in the market structure, when it has been a long time and it begins to change The red warning light comes on, telling me, be careful, something is about to happen. The other option is when fundamental news approaches regarding the traded currency pair, this can completely change its movement.
This occurred in the traded pair, the price formed a new structure apart from that there was fundamental news that strongly moved the market.
Chart EUR / NZD temporality 1h
The next currency pair was the only one that I opened yesterday, and it was totally successful as expected, I expected a sale since the price had respected its maximum ceiling, and it was a matter of time when it fell to the downside, This fell at least 80 points in the market, but I was only looking for 50 to ensure my operation, we will never really be sure of where the market price can be located, we will only have an idea but not the security and I prefer to go a little safer going for 70% of the operation from where I think the price will arrive, in this way I avoid a setback in which it does not reach me completely and the operation fails.
In this pair I don't have much to talk about, I leave myself 50 pips in positives to add them to the next ones to come.
This is an example of my equanimity that despite the fact that Monday was terrible for me with my analysis, I was able to remain calm and know how to position myself in the market, take everything with great calm knowing that you stop trading without any type of despair to be able to take the better decisions.
EUR / AUD chart temporality 1h
Yesterday I closed the day with these points in favor
EUR / NZD +40
EUR / AUD +50
For today I barely have a single analysis is the NZD / USD pair that reached a historical price and it is only a matter of time before the Bears dominate the sales market, I activated it when my EMA of period 9 crossed the candle Bearish all this after seeing that the candles respected the price of 0.7313, the priority EMA of 200 is well below the current price, this gave me the confirmation to make my entry for sale.
In this operation, like the previous one, I look for at least 50 pips of profit and only risking 20 points, to go outside my risk management plan. I have a slight suspicion that this price may reach 0.7260 which is a round price in which it was previously agreed.
It only remains to wait and follow the price action to be aware of the market movements.
0.000 SRY