okay, here is the plan and i will stick to it.
wait for next short signal and then add positions to short
until then i will wait with this one loosing short position which i opened @ 1.9010
wow this game is very dangerous.
i was watching the indicators reverse. i shuld have reserved my position and i would have made some pips by now.
but i did not reverse my position because couple of days ago when indicators reserved and i also reversed my position i took loss on both sides.
so what to do ?
if i reverse quickly, i take loss and if i wait and do not reverse quickly i am still in loss :-)
well i hope i will learn some day that what i should be doing
but for now i am not going to reverse and my plan is to wait and see if indicators reverse and then add positions in my existing position.
i think i should not take losses everytime and should wait and try to make profit from existing positions.
need to learn this technique.
okay, after holding my short position over night, now i am ready agian. i am determined to make it a profitable trade eventually. but i will watch market fairly and find my new trades either long or short along the way. lets see how it goes today. good thing is that i can hedge my positions in this account.
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