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September 12, 2021

Fractal Entry Good… Greed Exit Not So Good

My entry short at 79915 was as good as it gets. Entries have always been my strong suit but I put that down to my personality. I have a weakness wanting to be engaged. Always in the market. I fight that constantly.

One thing I’m learning to benefit fellow traders is I’ve got to get better at marking up my charts. Things can get a little intense while in a trade. I have a habit of relying on my written notes and NOT marking up the chart. I make notes constantly in my Hobonichi Tecno or Moleskine.

That doesn’t help you as much as it could so I’m going to work out a better way.

At any rate, you can clearly see why I took the Canadian Dollar short when I did. Four even tops on a fractal high finally taking out the low of the third bar. Combined with other indicators only available to ‘Inner Circle’ members, this was an obvious entry with obvious stop loss placement.

It’s the exit I could have managed better and captured a little more profit.

NOT complaining… just learning to pay more attention! https://twitter.com/home

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