Disliked{quote} Hi Ensale Probably because every time we open up a chart, we have to re-focus our brains from our daily lives. Please excuse this rest of the post as its Friday night and I've had a few beers. I like this interesting test of human mental abilities. Place 10 different size shape blocks on a table in the next room with the light on and door open. On the first visit there, walk there to remember every block size, shape and colour you witnessed, then return to the first room to write down a list of these blocks. On the second visit, repeat this...Ignored
This is a nice post about the psychology of memory. Especially FEAR.
There are traders who FOMO so badly that they take every squiggle of the TDI. Well if they are all jacked up like that, then they should at least reduce their size. What is worse is that the stoch is also on the TMS chart and that can also produce signals as well as provide information about strength via divergence study. Part of keeping the lights on and the door open is learning how to look left in an organized fashion, and then how to govern your trade at the hard right edge.
About automation. I could not ever bring myself to trust MT4 with automation, and the system is too simple to spend money on higher end advances. I only trade the majors because currencies are tightly correlated for the most part. No need to try to catch every single move on each of the 28 iterations of the majors. ( I define majors as all pairs with USD in the pairing, as the USD is the world's reserve currency, for now)
Infinite Yield. That is what I try to go for. That 20-30 pip stuff is not worth clicking the mouse for. I like to try to hold for at least 1:10. Have you tried to test for that?
If you are good at something, never do it for free--Joker
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