Last night, I made a very foolish mistake. At 11:15, there was a large influx of aggressive buyers into the market, and the price was at 5785. The ask was 1412, and the bulls should have continued to hold the 5785 price position and pushed the price up again.
However, at 11:35, the 5-minute candle closed with a large bearish candle, which broke through 5785. At that time, I was thinking that there would be a large number of bulls trapped, and the market sentiment should have turned.
The most foolish part is that I saw the highest price at 11:20, 11:25, 11:35, and 11:40 was also 5786.75. I subjectively and stubbornly believed that even if the price fell, it should bounce back to grab these "liquidity".
Because the highest price at 10:25, 10:30, and 10:35 was also at 5785, the price fell and then rebounded, grabbing the "liquidity".
So when I saw the big bullish candle rebound in the demo account trading, I established a long position, subjectively and obsessively "hoping" the price to rebound and grab the "liquidity." Now, looking back, it's a pitiful suicidal act.
Love this stuff! Thanks!
Last night, I made a very foolish mistake. At 11:15, there was a large influx of aggressive buyers into the market, and the price was at 5785. The ask was 1412, and the bulls should have continued to hold the 5785 price position and pushed the price up again.
However, at 11:35, the 5-minute candle closed with a large bearish candle, which broke through 5785. At that time, I was thinking that there would be a large number of bulls trapped, and the market sentiment should have turned.
The most foolish part is that I saw the highest price at 11:20, 11:25, 11:35, and 11:40 was also 5786.75. I subjectively and stubbornly believed that even if the price fell, it should bounce back to grab these "liquidity".
Because the highest price at 10:25, 10:30, and 10:35 was also at 5785, the price fell and then rebounded, grabbing the "liquidity".
So when I saw the big bullish candle rebound in the demo account trading, I established a long position, subjectively and obsessively "hoping" the price to rebound and grab the "liquidity." Now, looking back, it's a pitiful suicidal act.