After the closing of all my trades last night, I started to question myself. Whether I really want to be a trader and whether my strategy really worked. This was the moment which I have been reading about all this time. It is where the majority would give up and question the reason why they trade. 💪🏾
Well not me, because at that moment I made a promise to myself to never give up and to continue on this path until I am profitable. While I am currently trading in a demo account, I still treat this as a business. There have been moments where I have deviated from the strategy, and I have been punished for it. That is a good thing because we should not be rewarded for bad behaviour. Yes! Practising what I preach will help me in the long run, and hopefully, anyone who is reading this blog will gain the same type of discipline to see this journey through to the end. 👨🏾💻
Its Thursday today and I can only see one possible trade on today. Let me outline my thoughts below and see if this will be a viable trade near the close of the day.
We have no news relating to the EUR or USD coming out today, which is good news. My advice is to keep an eye out for major events. An excellent way to do this is to head on over to the forex factory and use their calendar for significant events, which could affect the currency you would like to trade.
All my indicators are lining up with the sentiment still bearish. The trend strength indicator crossed back over and has dropped below the zero line. We are also below the 52 day Ichimoku MA which means all my boxes are checked, cleared, and have confirmed I can trade. At this point, there is no debating that I will be placing a short on EUR/USD tonight.
Happy trading my fellow blog readers. This is all I have to trade tonight but remember its the quality not the quantity 👨🏾🏫
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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.