Post-Order Processing Plan.
In the previous post, I also shared with you that every time I look at the chart, I will spend a few minutes to scan the currency pairs to see if there is an entry signal or not. When an entry signal appears, I will focus more and observe more deeply on that currency pair.
When that currency pair has a signal, I will observe more about what the big trend is. If it is a buy signal, is the buying side in the larger frames supporting buying or not, are there any dangerous resistance zones there or not?
Then we will calculate where to place the stop loss if we enter the order. From there we will determine the R:R ratio.
Once you have placed an order, don't let it affect your psychology, don't observe the order too much, otherwise it will be easy to make wrong decisions such as arbitrarily cutting the order early.
The most important thing is to always focus on the moment before placing an order, this is the key moment, but once you have placed an order, you don't need to pay too much attention to it, because winning or losing is all in the pre-set scenario that you have set, simply understand that if you lose, you will lose how much, and if you win, you will gain how much as long as it is within your control.
And in trading, don't expect to win in all trading orders because this expectation will lead to many other mistakes such as holding on to losses and taking short profits.