4 Hour Strategy Macd+other Indicator 21 replies
What great advice!! It is very difficult to get over the "sting" of losing pips...but, if we are scared, we miss the good trades only to re-enter on a poor signal. Thank you so much for writing this post. I bolded (word?) the phrases that really impacted me! Thank you again!! (& welcome back!!)
DislikedPips and Ira, sorry for being on the sidelines if I may...Pips, your point of missing good trades because of fear is a great one. We have to trust our analysis, there is no doubt about it.
When Ira asked me (probably, jokingly) about the monthly IT's of USD/JPY, I never knew where this could take me but I made the analysis shared on FF (do not tell me then IT does not work on the monthly..) Acting upon your analysis is quite a different subject and fear of mistake, losing 10-20 pips may overwhelm us. Developing a sense of the winning streak is stage two in growing ourselves as traders and probably the most important one.
But it is nice to be back... TamIgnored
DislikedI, also want to say thank you, Fari, for sharing your trades and then for doing your own analysis and opinion of them. It takes a lot of courage and confidence to share our losses. It's so much easier to share our successes. I find that, sometimes, when I share my losses, I become them, and that I definitely do not want! And you are not! You're standing up for your analysis where you think you were right. Good for you. And you're giving us a chance to learn. Thanks again.
Nadia, I'm neither a fast nor a slow typist. Sometimes, my fingers are too large for the keys. This is just the way I feel I can best contribute right now. I am learning a lot from all of you, and I need to give back somehow.
The zipped attachment is a written wordpad copy, with the pdf chart, of the Fari Losses mp3 for those who have trouble understanding spoken English. The best to all!Ignored
DislikedHi Phillip, thank you for the explaination of th 21ema to the zero line relationship. That was not clear to me before but it seem so obvious now. Knowing that was good for some pips on the eur$ this morning. Work has me 60-70hrs a week so i dont get a lot of time to contribute (but it pays the bills for now) Thank you and ALL the excellent people who post here, helping all of us to be better traders.Ignored