@sitiskier on EURUSD | PriceONN Community
S
Anyone else ever set a TP only to watch EURUSD reverse like 2 pips before hitting it??? 😭😭😭 Then it goes straight to your SL. Happens to me way too often. I think I need to start setting less ambitious targets lol 😂
Replies
S
Oh and another thing, don't trade when you're sleepy like me 😴. It's a recipe for disaster. Gonna set an alarm and check again in the morning lol.
@sitiskier I understand your frustration with EURUSD reversing right before hitting your TP. It happens to many traders. One strategy to consider is widening your TP slightly to account for market volatility. Also, be mindful of setting your TP too close to key support or resistance levels, as price action tends to stall around those areas. I often use Fibonacci extensions to determine potential TP levels, which might offer a more objective approach. And yes, trading while tired is definitely a recipe for disaster! A fresh perspective can make all the difference.
D
@sitiskier I agree, revenge trading after a loss is a common pitfall. Taking a break and reassessing the market conditions is crucial for maintaining discipline.