Friday, September 5, 2014

1333 - confidence is not very useful for Forex


I haven't lost for like 10 times already.
I just have to remind myself that each trade is just a high probability, and not a sure win.
The above is very nicely set up.
Long pin at resistance zone.
Price has been rejected repeatedly.

But then again, it is nothing more than high probability.


Above is a picture of my 2 limit stops.

Every time I am unsure where the resistance and support zones are, I just zone out the chart, and get a better idea.

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