|selfcontrol ||Apr 5, 2019 5:49pm | Post# 5175 |
i see sometimes your PO takes quite a while (in terms of the scale your trade is in). your confidence is amazing and must have been exhaustively backtested...... There must be something I overlooked along the way ...
Hmm, not entirely sure I agree with that. If it's a high scale trade of course sometime it'll take more time to get their orders filled, e.g EURGBP the other day if you look at M1, but knowing that the engulfs are there in all the right scales there's nothing stopping you except your own emotions. I knew EURGBP would go up to where it is now, but my emotions made me exit way earlier to put me at ease. I'm okay with it, but at the same time not. It's a learning experience as with all other things. As for exhaustively backtested/fronttested, you name it - I've been putting in between 13-18 hours for the last year and a half, to the point where I didn't even need to look at the charts to test my theories because I could just close my eyes and see it all perfectly.
Analytical (passive) confidence is perfect, trading (active) confidence is still in development but growing rapidly.
el. - your XAUUSD example was correct to me, a hint would be to go into M1 and look at exactly where XAUUSD turned and reason it out for yourself and keep it in mind for the future to see if it happens again.