Two pending orders entered today, out of which one trade triggered and other cancelled.
1) EURJPY placed buy limit order based on M30 demand zone and there was some reaction from the zone as such tightened SL from 8 pips to 4 pips, but eventually price reversed and hit my stop loss. Total -0.50R loss on this trade.
2) AUDUSD placed buy limit order based on H4 demand zone, but price didn't came close to demand zone and headed higher and away from the zone, as such cancelled order after close of London session. Will reassess the zone tomorrow and place new order, if required.
October Net Accumulated R = +2.0R
October Net Accumulated Profit= +3.27%
Quote on "Trading with Fear"
When you are fearful, no other possibilities exist. You can't perceive other possibilities or act on them properly, even if you did manage to perceive them, because fear is immobilizing. Physically, it causes us to freeze or run. Mentally, it cause us to narrow our focus of attention to the object of our fear. This means that thoughts about other possibilities, as well as other available information from the market, get blocked. You won't thin about all the rational things you have learned about the market until you are no longer afraid and the event is over. Then you will think to yourself, "I knew that. Why didn't I think of it then?" or, "Why couldn't I act on it then?"
1) EURJPY placed buy limit order based on M30 demand zone and there was some reaction from the zone as such tightened SL from 8 pips to 4 pips, but eventually price reversed and hit my stop loss. Total -0.50R loss on this trade.
2) AUDUSD placed buy limit order based on H4 demand zone, but price didn't came close to demand zone and headed higher and away from the zone, as such cancelled order after close of London session. Will reassess the zone tomorrow and place new order, if required.
October Net Accumulated R = +2.0R
October Net Accumulated Profit= +3.27%
Quote on "Trading with Fear"
When you are fearful, no other possibilities exist. You can't perceive other possibilities or act on them properly, even if you did manage to perceive them, because fear is immobilizing. Physically, it causes us to freeze or run. Mentally, it cause us to narrow our focus of attention to the object of our fear. This means that thoughts about other possibilities, as well as other available information from the market, get blocked. You won't thin about all the rational things you have learned about the market until you are no longer afraid and the event is over. Then you will think to yourself, "I knew that. Why didn't I think of it then?" or, "Why couldn't I act on it then?"
