DAILY TRADE SETUP - Page 16 - MyTradingLand.com

@israeljasspu - 15 hours ago

The jump was just too much and it actually took my SL, but it's fine as long as my risk plan is still active i will look into it again but only on confirmation

Losses is normal just have good win rate

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@asuquokelvin - 14 hours ago

Quoted - israeljasspu

Losses is normal just have good win rate

Losses are part of trading, but consistency comes from having a positive expectancy. A solid win rate combined with good risk-to-reward and disciplined execution will outperform trying to avoid losses completely. If EU holds above the new week opening gap definitely I will buy

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@israeljasspu - 7 hours ago

Quoted - asuquokelvin

Losses are part of trading, but consistency comes from having a positive expectancy. A solid win rate combined with good risk-to-reward and disciplined execution will outperform trying to avoid losses completely. If EU holds above the new week opening gap definitely I will buy

Very true

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@nsg_usd - 5 hours ago

Quoted - asuquokelvin

I will also watch the DXY and upcoming ECB or US data, because a flag invalidation backed by strong fundamentals usually gives the bearish continuation much more conviction than technicals alone.

The Euro Currency index starts the trading week with a strong bearish move, breaking below 114.0 and invalidating the flag pattern it formed last week. Expecting a strong bearish drop this week on EURUSD because of it's technical alignment.

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@nsg_usd - 4 hours ago

Quoted - asuquokelvin

The EU trade I was holding last week because of price jump actually it hit my SL, so I won't trade EU again until I see reactions at those support level, due to the fact that the pair has been ranging

This is one of my challenges with EU- A very stressful Pair. Losses are surely going to be recovered. The bias has fully confirmed bearish on 4hr, aligning with the overall trend bias.

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