DislikedLet me continue this important mindset point. Traders don't realise how often they go into this state of "blindness" during their trading session. The reality is very often. Unless we become aware that we do become victims of this "blindness" state, we will continue to be unaware victims every trading day. This is every traders nemesis. To avoid becoming a victim of "blindness", we must be aware we do suffer this "blindness". We can only be aware if we journal our macro market analysis throughout our trading session. Review our real time...Ignored
This top down analysis approach is not the magic pill to cure this "blindness" state.
Do you know why we read intraday trading cannot be successful? Short term intraday trading is gambling? We have to trade longer term, larger tf to be profitable? Short tf is noise? Indicators lag? Market makers psychology manipulation? No one can predict the future market? Markets are random?
They were referring to this "blindness" state. This "blindness" state is more pronounce than you imagine.
If you are not aware, you can't do anything. Now that you're aware and you do nothing, you continue to be victims.
To test if you are a victim, make macro analysis of your 5 favourite pairs at the start of every trading session. Write down your analysis, continue to update your analysis throughout the trading session. Review your analysis at the end of the trading session. See if you were "blind", I'm certain you were at some point.
If you think you're above this "blindness" state, you're very wrong. Cheers
Ps The above series of posts about "blindness" is only about awareness. I'm merely scratching the surface.
Pps Volume scalpers have this advantage, they trade a specific market state, in out in a few seconds to few minutes.
Trade the value
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