DislikedLast week was a difficult week to trade. Lost pips and trades UNEXPECTEDLY. I thought I have done my analysis before trading. I took trades that were moving away from 21ema supposedly the high probability trades but they went against my analysis, that's why I say Unexpectedly. Did any of you expert here foresee the volatility of the market before it went volatile? Is there a way to tell this is coming? Would appreciate if some of you experienced traders here can help me with this. Thank you. Desperately searching for answers, NicholasIgnored
I have cut back on trading sometimes to 1 or 2 trades per week, I don't search out trades everyday any more like my life depends on it....
Were you over trading, i find 1 open trade is enough 2 is maximum at any one time.
Trading is snakes and ladders..... just as you think the last roll of the dice will get you over the finish line.......boom... you land on a snake! (this is my trading)
I landed on a few snakes the week before after rolling a few sixes and climbing the ladders, then boom back to square one!
Just keep at it..
See JP nice easy style searching out those waves..abcd..patterns.....etc
(you can get this analysis for free if you sign up to some brokers)
I have access to autochartist for free from signing up with a real broker (put £100 into their account).
..Do you use analysis from other sources to confirm your own thoughts?