I think today Eur/Usd was not very easy to trade.
Price did not decently move for a while, ranging in 10 / 15 pips for a couple of hours.
I would like to contribute with my today's thinking process and trade in the attached chart, hoping it may help somebody to get a new input in the way of looking at price, or either to confirm the actual one.
(Anyway be aware that I am far from mastering this thinking process yet, but willing with all my passion to get there).
My experience is leading to the thought that it all comes to a matter of "Expectation".
Of learning to look at what price is doing and of knowing what you should "Expect" next.
That is really more "mechanical" than most of us think.
As soon as you have your Objective, Price Dictated "Expectation", it comes to looking either price respects that Expectation or not.
If "Yes", then you know what you should "expect" next.
If "No", then you have to change your mind and expect the related move to the just experienced "Expectation Failure".
And here again: as soon as your Expectation is respected and Price is in the best R/R Area (surely better if with the Trend) than consider to Enter your Trade.
That's it.
For me some great aspects of "Expectation" are that:
1) you trade unbelievable more relaxed, you have your "IF - THEN" thought in your mind and even your " IF NOT - THEN".
2) if you are in a trade and price fails to meet your expectation, if you are not yet at Break Even and you get a loss, you know that you respected the Rules and you know that your Expectation will more often respected than not.
After a small NSL (my exit), my expectation would have been a deep correction to the upside, but still only making a LH.
Instead price went up like a Rocket.
So what ? Disappointed ?
Absolutely not.
Just change your mind and see what happens.
A GREAT Trader I Know says: " I am an Opportunist ! "
There is the secret of this "game".
Price did not decently move for a while, ranging in 10 / 15 pips for a couple of hours.
I would like to contribute with my today's thinking process and trade in the attached chart, hoping it may help somebody to get a new input in the way of looking at price, or either to confirm the actual one.
(Anyway be aware that I am far from mastering this thinking process yet, but willing with all my passion to get there).
My experience is leading to the thought that it all comes to a matter of "Expectation".
Of learning to look at what price is doing and of knowing what you should "Expect" next.
That is really more "mechanical" than most of us think.
As soon as you have your Objective, Price Dictated "Expectation", it comes to looking either price respects that Expectation or not.
If "Yes", then you know what you should "expect" next.
If "No", then you have to change your mind and expect the related move to the just experienced "Expectation Failure".
And here again: as soon as your Expectation is respected and Price is in the best R/R Area (surely better if with the Trend) than consider to Enter your Trade.
That's it.
For me some great aspects of "Expectation" are that:
1) you trade unbelievable more relaxed, you have your "IF - THEN" thought in your mind and even your " IF NOT - THEN".
2) if you are in a trade and price fails to meet your expectation, if you are not yet at Break Even and you get a loss, you know that you respected the Rules and you know that your Expectation will more often respected than not.
After a small NSL (my exit), my expectation would have been a deep correction to the upside, but still only making a LH.
Instead price went up like a Rocket.
So what ? Disappointed ?
Absolutely not.
Just change your mind and see what happens.
A GREAT Trader I Know says: " I am an Opportunist ! "
There is the secret of this "game".