This is great!
We are 15 posts in and still going strong. I have spent most of my day figuring out how I could trade Indices lol. It did not go so well, but I am sure one day I will find a way using the Indicator only strategies that I like to develop. It is a shame because sometime next week I will have to go back to my day job in the cybersecurity world 🤦🏾♂️.
Well, you did not come here to hear me rant about my life. Let’s get stuck into the thoughts of financial freedom and have a look at my open trades.
EUR/USD – WIN
This trade was a good run, with my trailing stop loss being hit today. Trailing stop losses are great ways to manage trades while your head is not stuck in the charts. From looking at the charts today, there seems to be a massive change in sentiment. Most likely there is some support at the price which is the reason for the candle moving into the long position. All in all, this was a good trade, and I will have a longer review of the trade at the end of the week 💪🏾
I have my thinking cap on for this one. We seem to be moving sideways which is a good and bad thing. The reason why I say this is because when a price squeezes into a range the pressure mounts up and we explode in a direction. Who knows which direction but this trade is going to be one to watch over the next couple of days. I have also incorporated a new indicator which should hopefully let me know when this trade is about to go in the wrong direction for me. There is not much more to say about this trade other than we are still waiting for this move to happen. With no other open trades, we can sign off for the evening.
That’s all my fellow traders 👨🏾💻
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Go check out the Pineapple Chicken blog to understand why you should get away from the charts and experience the wonders of the world. Personally, I take the charts with me, and my girlfriend over still loves me for it 🤣
DISCLAIMER: I am not a professional trader and have a long way to go before I call myself a pro. This is not financial advice, and you should do your own research before trading or look at my positions. All trades are currently made in a demo account.