Hello Naked Traders!
A few days ago I analyzed eur/aud finding a clear and obvious price action signal that you can use to enter long on the couple. Today the price action setup failed because price went to violate the Pin Bar’s low. Now you better stay out and wait with patience a new good set-up that complies with my trading plan. In trading that’s part of the game. The important thing when you are working as a trader is trying to maintain a profile like this: risk 1 and reward more than 1. Thus, in the medium/long term, you will always have a competitive advantage in the marketplace. Keep your costs low and always the same and always take profit when you are gaining double what you invested! Meanwhile, one of the things that I suggest is to work on yourself and especially on improving your patience. Patience is an ingredient that few develop into trading activity, everyone wants everything immediately … and this does not lead to successful trading results!
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