Don't compare your trades to others. Most often the masses are the asses
- #86,825
- Jun 15, 2023 2:12am Jun 15, 2023 2:12am
- Joined Apr 2011 | Status: survivor | 4,131 Posts
USDJPY has thrown me into an existential crisis about my ability as a trader. If one follows my posts, I've had a fairly decent start to my trading career, reaching a +100% within my first year trading. I fear now that this may be beginner's luck, because none of my analytical methods seem to be making sense of this pair. The pair has been strongly bullish for the past 3 months, with March giving me the biggest bearish fakeout of my new trading career. I've been misinterpreting the chart since then, banking on the BOJ to change its YCC policies...
I am specifically a technical analyst, I find trading based on fundamental analysis very complicated, because there are a lot of correlations to be taken into account. so you are not in a simple situation. but I am sure that you will succeed in turning a profit. just don't give up.
- #86,832
- Jun 16, 2023 7:16am Jun 16, 2023 7:16am
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
- #86,833
- Jun 16, 2023 7:41am Jun 16, 2023 7:41am
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
{quote} Hello. I am specifically a technical analyst, I find trading based on fundamental analysis very complicated, because there are a lot of correlations to be taken into account. so you are not in a simple situation. but I am sure that you will succeed in turning a profit. just don't give up.
Trying my best.
- #86,836
- Jun 16, 2023 9:12am Jun 16, 2023 9:12am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
USDJPY has thrown me into an existential crisis about my ability as a trader. If one follows my posts, I've had a fairly decent start to my trading career, reaching a +100% within my first year trading. I fear now that this may be beginner's luck, because none of my analytical methods seem to be making sense of this pair. The pair has been strongly bullish for the past 3 months, with March giving me the biggest bearish fakeout of my new trading career. I've been misinterpreting the chart since then, banking on the BOJ to change its YCC policies...
Don't give up ! P.S focus more on technicals(friendly advice
)!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #86,838
- Jun 16, 2023 1:34pm Jun 16, 2023 1:34pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #86,840
- Jun 16, 2023 3:54pm Jun 16, 2023 3:54pm
- Joined Jul 2011 | Status: Gold Again | 10,629 Posts
{quote} Hello. I am specifically a technical analyst, I find trading based on fundamental analysis very complicated, because there are a lot of correlations to be taken into account. so you are not in a simple situation. but I am sure that you will succeed in turning a profit. just don't give up.
You don't trade on fundamentals, you only need to be aware of them, analyze the price action taking those conditions into consideration.
Okay, just reduce to it to the often-told driver of the FX market - Interest Rates
And the Retail Sentiment, also often told to be wrong, do the opposite.
It takes a lot for me to IGNORE you, but you can try.