I'd like to show you a losing trade on AUDNZD I had yesterday.
This was purely because I got too cocky and wasn't following the rules as I have stated them.
This happened cause I had a streak of 11 winning trades in a row so I thought I am smarter then the market.
The market has a way to teach you who's the boss. Don't forget that ever!... like I did
So, I had a Big Black Arrow and a Big Blue Arrow on my chart pointing to possible change of down trend to up trend.
I saw the price moving up through the round price of 1.2100 and the candle closed above 1.2100
OK, all good so far. Then the price moved down past 1.2100.
So what we do next is we wait for the price to hit 1.2100 and we go long, right?!
Right, but did I do that ?
NO!
I got in as the price was moving up to get in a couple of pips earlier.
WRONG MOVE!
It didn't touch 1.2100 and kept moving lower.
Loss of 23 pips.
SO, DON'T DO WHAT I DID, DO WHAT I SAID IN THE PDF!
On the positive side , I had two 50 pips wins after that on EURUSD long and EURCAD short.
All is well that ends well, but please learn from my mistake friends.