The Road To Profitability

Take a look over where to put my stop to minimize risk and maximize profits, but also to learn to find better profit targets... I've noticed that I close my trades quite quick.

*Sigh* I'm trading daily charts, not M5. Hence I should keep my positions a lot longer than I do (i.e. 3-4 days).

There has been a fair amount of setups coming up today, I've chosen to play one of them.
The others were either too choppy pairs or they don't meet my risk standards.

AUDJPY; I'm long at the dotted level and out at the upper horizontal line.

as the title says.

Hi peeps, my target was hit a few minutes ago.

good game.

Cheers

Please tell me if it was a coincidence that price reacted to my exit level? Those of you who have access to the chart, scroll out and look at the bigger picture.

September was good in terms of profits, didn't have a single loosing trade which means that I'm becoming more and more picky. Since july I have been practicing this by:

1) Staying home from school (on fridays mostly) just to watch the lower timeframes. This, beacuse I wanted to expose myself to the urge to take a trade on the lower timeframes. This exercise is really healthy for all of us who havent learned to control ourselves yet.

2) I've been calling friends and gathering them for "casino nights". I haven't gambled away a single SEK (that's the exercise, go to the casino watch other people gamble). I've done this beacuse it is really helpful to realize it's not about making money all the time. It's about making money when the optimal opportunity is given. Is it optimal to make money at a casino? F-u-c-k no. Still one easily gets tempted to hit the tables, especially when you see your friends cashing in their profits.

What's most interesting is the feeling entering your body and mind when you see others winning. Something in your mind is telling you (again) HIT THE TABLES FFS! If you are dedicated with the exercise you will just laugh at the idea and move on.

These exercises are not "invented" by me. I read this somewhere about a year ago, realized they were healthy a few months back though lol.

Cheers

I'm looking for bearish price action around marked level.

Got my sell order placed for this setup with a target at the round number (give or take a few) 1.6000