Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

EURCHF cut the loss explained - 23 May 2024 #forex #trading #forextrading #shorts

24 May 2024 · 1 min

Watch on YouTube

0:59

Vladimir Ribakov breaks down a EUR/CHF short trade that hit its stop loss. The setup: a broken trend line, bearish MACD divergence, and three consecutive lower highs and lows. When Fibonacci levels failed to hold, he cut the loss immediately, showing why sticking to your plan matters more than hoping the market agrees with you.

Chapters

Hi guys, Vladimir here from Home Trader Club, and in this video, why it is crucial you stick to your trading plan, which means also sometimes cut the losses early. Here is the EUR/CHF sell trade we were looking at with my team. Rising trend line was broken to the downside after completed the bearish divergence— higher highs on the chart, lower highs on the MACD. On the lower time frame, we've had 3 lower highs, lower lows— classical bearish price action. And after the correction to the upside, which completed with bearish divergence, the rising trend line was broken, giving Leaving a beautiful sell opportunity. The plan was straightforward. As long as the Fibo levels hold, looking to sell and bearish continuation. But the market doesn't care what we want. The market will do what the market has to do, and we as traders must respect the trading plan. The Fibonacci doesn't hold? No problem. Cutting a loss, accepting a loss is crucial part of trader's life. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.