Fxtrader1987 Trades

[fxtrader1987]

 

[TheForexGuy]

Good luck there fxtrader, really need to see them lows taken out to get this market moving.

 

[fxtrader1987]

I exited at 1:1 :/

 

[TheForexGuy]

how come? freaked out?

 

[fxtrader1987]

YES! i got freaked out. but have a look at the weekly chart now. Could be a good trade.

 

[TheForexGuy]

Fear is one them emotions that messes around with our trading performance.

Maybe the split money management system would be good for you, if you used it here you would have hit the break even mark on the 1:1 trade, leaving the second trade open with 0 risk. I think the split MM system is a way traders can build confidence in their trading while tackling that 'fear of losing money'.

I try not focus on candlestick signals that form on the weekly tf, I only really use it as a guide to spot major S/R turning points in the market.

Well at least you walked away from the trade with some money in your pocket.

 

[fxtrader1987]

I Used Split money management on this trade. Exited at 1:1 on the first trade. the second one is still running.

NZDUSD

 

[TheForexGuy]

You should feel less stressed about the trade now because you can't lose any money from it.