DislikedOften on the EU and GU, the constraint is during the Sydney/Asian session and this is the Frankfurt or London "fake out".
I think it is impossible without MTF indicators on your charts. It may look ugly, but I am trading charts not looking at oil paintings, and I have way too much difficulty as it is looking at three charts (M15 main, M5 and M1 to zero in).Ignored
I note your london fake out with intrest. Good observation. Before i started trading constrainments i used to ignore any movement before london settles. That used to save me from opening fakeout. Now i must figure out how to deal with it.There must be a way to make money instead of getting stopped on this whipsaw.
Agree to phychology part. I think with a new syatem it's important to take things very lowly and gain confidence. Rushing leads to losses and that leads to phychological disaster has been my observation. Even yesterdays trade proves it. Once i got stopped on my initial position, i got too confused to pull the trigger when there was clear signal after my SL - i was asking myself how the hell can i be stopped on a perfect setup! I must remember that nothing has 100% strike rate.
Making money is easy- Just dont take losing trades