DislikedStrat,
The frustration comes from seeing a lot fewer setups on the daily timeframe than on the shorter timeframes.
Thank you for taking the time to consider what I said and giving your advice.
Yes, you could say I'm frustrated. I suppose that comes from trading on 5min tf's for quite a while and seeing a lot of setups each day - and very few on the daily. Using daily and weekly charts in technical analysis is "uncharted" territory for me. But it's very unlikely I will ever seriously consider trying daytrading again because after a long time...Ignored
Read Crudecraig's post again. He was in very similar circumstances, listened to me, took the beatings and turned himself around. You can do this also - IF you are determined and want to succeed. I can tell you on every post what to do but if you don't do it and apply it, there's no hope. It all starts and ends with you.
Forget everything you have read and seen about trading - it is all PR and BS built up by brokers to enhance the image of trading as the toy of playboys. Nothing could be further from the truth.
When you master trading the Worker, you will enjoy a stress free lifestyle with almost unlimited income and more important, all day and each and every day to spend doing whatever it is you want. THIS is what it is all about.
Sat in front of the one eyed monster for 12 + hours per day making a measly 50 to 100 pips is torture and dangerous to your health. Why anyone wants to do this is way beyond my comprehension.
As I keep saying over and over ad nauseum, trading is 95% psychological. The technical part is by far the easiest. Controlling the mind games is an entirely different story.
Make a PLAN for everything and stick with it. If, after review, that PLAN is not working, change the PLAN. Keep changing until you have a PLAN that works for YOU. Then, have the PATIENCE and DISCIPLINE to stick with that PLAN.
15 YEARS OF PASR ON FOREX FACTORY!