Phillip I just wish the best for you and all the yours.
- #6,132
- Aug 13, 2007 7:45pm Aug 13, 2007 7:45pm
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
- #6,133
- Aug 13, 2007 9:21pm Aug 13, 2007 9:21pm
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
Hi everyone, I started to be afraid of taking the deals
. I heard that it can happen after a number of losses, but that is not my case, I was almost everytime right lately and it scares me. Has anyone faced the same and how can I overcome that. I didn't take beautiful BOZ yesterday and now there is a TC forming on EUR, I could have taken it from one hour, but again something stopped me.
PS: Does anyone know where is Pips and Nadia?
. I heard that it can happen after a number of losses, but that is not my case, I was almost everytime right lately and it scares me. Has anyone faced the same and how can I overcome that. I didn't take beautiful BOZ yesterday and now there is a TC forming on EUR, I could have taken it from one hour, but again something stopped me.PS: Does anyone know where is Pips and Nadia?
- #6,137
- Aug 14, 2007 4:31am Aug 14, 2007 4:31am
Hi everyone, I started to be afraid of taking the deals
PS: Does anyone know where is Pips and Nadia?
you are not the only one with this. I don't know the reason, but reading the thread I realized that one of the most important things is to switch off the emotins while trading. If you analyzed the market and the conclusion is that you can enter a trade with high probability success than do so. Fear is just another emotion we should ignore. Sometimes I find that this is not easy. So if I do not feel confortable with a trade but mentaly I know that my analysis is correct I enter with my demo account. With this I participate in the market and I can learn from the outcome.
Hope this helps.
Robert
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- #6,138
- Aug 14, 2007 4:45am Aug 14, 2007 4:45am
Hi everyone, I started to be afraid of taking the deals
PS: Does anyone know where is Pips and Nadia?
Nadia.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
- #6,140
- Aug 14, 2007 5:39am Aug 14, 2007 5:39am
Can anyone tell me why you would not take the rb on EUR/USD? It curved very nicely up till the 2-6am candle signalling a rb back to at least the 21, but then tc'd. How can I filter out such trade. It seems the rb would be a high probability trade with a tl just under, major support at 1.3600. The only thing against the trade was the close under the 365--so I guess this has more weight than the others!? Any help would be greatly appreciated as I continue to lose trades that seem to be high probability rb's and rt's with 3-5 candle curves--then turn into tc's and hit my sl's I'm getting to the point where I won't even trade rb's and rt's. USD/CHF is another example at the same time--rule says if it goes through the 89, it will come back to test at least the 21. Went through the 200 and back to close right on it--to me that looks like a rounded top going back to the 21 or even the 89, but then it tc'd on the 2-6am candle. I purposely waited on both these trades to make sure the round was full before taking them--again, any help would be great as somewhere my reasoning is flawed--or we should take rb's and rt's out of the system. tks, pk
I'm getting to the point where I won't even trade rb's and rt's. USD/CHF is another example at the same time--rule says if it goes through the 89, it will come back to test at least the 21. Went through the 200 and back to close right on it--to me that looks like a rounded top going back to the 21 or even the 89, but then it tc'd on the 2-6am candle. I purposely waited on both these trades to make sure the round was full before taking them--again, any help would be great as somewhere my reasoning is flawed--or we should take rb's and rt's out of the system. tks, pk