Reply To: Trader of the Week Nov 13 to Nov 19!

  • Mihaly Kriminal

    Member
    November 19, 2022 at 7:38 am

    It was not easy to trade GBPNZD this week.

    (Description and pictures in my trading journal.)

    The expectation was short (picture 1)
    On Monday, it was possible to trade perfectly, the price made perfect harmonic pattern and turned exactly at the target price. (picture 2)
    On Tuesday and Wednesday, important news strengthened the GBP. (picture 3) It made a big H&S pattern, but then went up again to the resistance, where made a beautiful broadening wedge.
    My emotions were fluctuating too: I was happy about the successful trades on Monday, but because of the daily DD rule, I couldn’t hold the position on Tuesday and failed a challenge. It frustrated me.
    I think I should trade with smaller positions next time. But small position small profit in a small account.