Date: 6 Aug 2012 (Monday)
Venue:Home
Pair : CADUSD Time frame: H4
Direction:Long
Result: +1R
Strategy: Double Divergence
Fulfilled all the rules. Not sure where its going yet. After confirmation bar(arrow), the bars are all inside bars. It could break upwards or downwards. No one knows for sure yet. Whatever it is, I find that the quality of my decision is good and I should not keep hoping that the trade goes in my favour. Reason being:
1) The market doesnt really care about how I feel ; ( or for that matter how anyone feels. It will just go about to do what it wants to do. Whatever that happens will only be feedback to me. It cannot be info that I interpret as joyful or painful. Other wise I will always be stressed out by what the market does.
2) This is just one of the many many trades I will take in my trading journey and I didnt bet the farm on it(thank god). It will again be a waste of my emotions to let a single trade outcome affect me in any way.
Outcome
It was a -1R trade. Forget about adding 'ouch', cos its just one of many more trades to come to let my edge play out in the long run!
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