PA, S/R, ZL, EXTREMES & MOMO
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trading is bad!
the idea behind my long was a 50% fib-retracement and a support-line. it was the same idea which ended in a loss on gu. the only way to get out of these "random-trades" is to cut your losses and let your profits run. my results from last week were spectacular (for me) because i only tried to get the big reversals on 4h- or at least 1h-extremes which had a potential profit margin of at least 50-100 pips.
this 50%-fib trade is everything else than a trade with a wonderful rr-ratio.
...target 40, sl be
the idea behind my long was a 50% fib-retracement and a support-line. it was the same idea which ended in a loss on gu. the only way to get out of these "random-trades" is to cut your losses and let your profits run. my results from last week were spectacular (for me) because i only tried to get the big reversals on 4h- or at least 1h-extremes which had a potential profit margin of at least 50-100 pips.
this 50%-fib trade is everything else than a trade with a wonderful rr-ratio.
...target 40, sl be
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