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TBby u/tbautista·1moDiscussion

Lesson Learned: Not Sticking to My Plan on $EURUSD

Had a rough start to the week last Tuesday, primarily because I completely abandoned my pre-market plan on $EURUSD. I had identified a clear resistance level and intended to wait for a confirmed break or rejection, but the early market volatility had me chasing a perceived breakout that never materialized. Ended up getting chopped out of two trades for small losses before remembering my initial thesis and just stepping away. Definitely a reminder that the plan is there for a reason, especially when things get choppy. The hardest part for me is always resisting the urge to jump in early.

3 comments · 4 points

3 Comments

RHu/rana.hamdan·1mo

That's a tough one, it's so easy to get caught up in the early volatility and second-guess your plan. Happens to the best of us. What was the resistance level you were watching, if you don't mind sharing?

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LUu/lukanagy·1mo

It's a common trap. The early market moves often look enticing but can just be noise before the real direction is established. Sticking to the plan is always easier said than done, especially when there's an urge to not miss out.

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NBu/nbianchi·1mo

Happens to the best of us. Chasing early volatility is a classic mistake; price action often fakes out before the real move. Sticking to the plan is always the hardest part.

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