Weekly recap.

☻️I wonder who didn't chop btc from community alot of idolo cooked

My week was marked by impatience, I will enter a position then close it early when I see price move against me, only for price to reverse and start moving in my intended direction, it was tiring. I think the main issue was that i was trading with funds I couldn't afford to lose.

It was a good week for commodity traders, I traded natural gas EIA inventory data release and made like 50-60 pips in around 1 hour

That is a brutal cycle, but you’re 100% right about the root cause. Trading with money you can't afford to lose makes it almost impossible to let a trade breathe because fear takes the wheel of cos

​send over some of your charts from this week with your entry and exit points Let's analyze them together and see if your setups were actually solid, and how we can fix the execution going forward😅

Did you?

This was me this week, purple arrow was my entry and black arrow was my exit

Among

Your entries were great @kemi, you traded during the Frankfurt session which is good for catching early trends. On Friday EUR/USD didnt really have liquidity so not much movement took place. However, if you stayed in the trade you would have made a few pips

How'd you do that?

Looking at your chart, your entry timing was actually spot on... You clearly have a good eye for catching the bottom of those local retracements during the Frankfurt session

​i think the real issue here isn't your analysis... i think you were just scared😂because your black arrows show you're exiting the moment the market breathes against you, right before it actually takes off in your favor

@yokoyi always posts the EIA report when it is released every week, he has a thread on this platform for it. Basically if the actual data is better than the forecast then you can expect a bull run etc. There is more detail on @yokoyis thread.

Hmmm. Looks like you already have a hang on the problem, and what you just mentioned is the one of the ways traders fail even before getting started on their journey.

The beautiful thing though is that you know what the issue is, so you're not fighting an enemy you don't know.

💯

Well said Vivian

Wow.

Congratulations.

So can you tell us what you learnt this week? What's one thing that stuck with you from your trades and you will be paying attention to going forward?

Really good entries to be honest. And it's shows it's not a skill problem but like she tightly pointed out, other psychological factors.

XAUUSD all the way 🔥🔥. Trade was great last week we go again next week.

By the way, Question on risk Management.

How do you manage risk in gold with Lot size 0.05 in a 5k account?

I honestly think I should jxt learn to tp on time and give my trades space

Although it's very difficult 🥲

I learnt to pay attention to fundamentals, not just technicals. It makes trading a whole lot easier. If I dont have any fundamentals on an instrument, I wont trade for that day even though the technicals may look good.

Smart discipline.

Fundamentals filter the noise and give you conviction, technicals alone are just patterns. Skipping days without an edge is how you stay in the game long-term. Keep it up.

What do you think is making it difficult?

Have you noticed any recurring patterns?

How do you feel when it's time to take profit?