Missed GU Trade: GU price pulled back to an H4 demand level I should have got long on a HOLP with my stop at its low and PT at H4 Supply.
Issues: This trade was very simple but because I got my H4 demand level in the incorrect place I missed it. The lesson here is that on levels which have been touched multiple time it is better to draw a "best fit" supply/demand area rather than take it from the extreme of a pivot high or low like a did this AM.
Issues: This trade was very simple but because I got my H4 demand level in the incorrect place I missed it. The lesson here is that on levels which have been touched multiple time it is better to draw a "best fit" supply/demand area rather than take it from the extreme of a pivot high or low like a did this AM.
All traders miss trades at some points.The consolation is that you cannot lose a position that you do not open.
ReplyDeleteBosun
FxGlory remains my best broker since 2014.