Price swept liquidity below the previous day’s low and then powered back up, breaking structure to the upside. Now it’s sitting above the 50 EMA, moving through fair value gaps left by the rally. I’m watching for a possible pullback into the FVG zone near the EMA. If that level holds, price could look to reach for the liquidity above around 3,365.
But here’s what matters most. Even if this ends up being a losing trade, I’d rather take that loss knowing I stuck to my plan than catch a random win by breaking my rules. Because long-term, winning trades that come from impulse actually set you up for future damage. They teach bad habits.
Losses that happen inside your system? Those are simply the cost of doing business. They protect your discipline and keep your edge intact. Over time, that’s exactly what allows you to stay in the game and grow your account.
But here’s what matters most. Even if this ends up being a losing trade, I’d rather take that loss knowing I stuck to my plan than catch a random win by breaking my rules. Because long-term, winning trades that come from impulse actually set you up for future damage. They teach bad habits.
Losses that happen inside your system? Those are simply the cost of doing business. They protect your discipline and keep your edge intact. Over time, that’s exactly what allows you to stay in the game and grow your account.
Note
This trade will make more sense if you have a zero spread account. Cause it is already past the London Session and the New York Session. So there might be no Volume and also taking trade by this time will definitely be a bad idea because, the spread might take you out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.