Wow, buddy. lol.
Whats with the pain threshold?
Could it be that you are in wrong direction, instead of wrong timing?
Suffering 4 days and still out of court is not how you're supposed to show resilence. If this was to happen regularly in your trading MO, then I fear that you may not even have a spent candle left, before you're finished with trading.Ignored
DislikedSquare out your positions already, and go get yourself a trend to capture. A vacation after this ordeal would serve you well, to reset your energies.
Be careful that too much of this heroics can warp you outlook and feel.
DislikedSure hope that, you are enjoying this pain thingy in demo mode , I assure you that you may feel altogether differently if real $$ were involved.
Although I do advocate that you must have a zero tolerance for losses attitute, you could at the same be very intolerant of long protracted loss battles as well. Cou;d your skew and MM expansion be too mild to be effected in short cycles?
I definitely would not expose my book to the market like that with real money, I want to be able to take a loss that doesn't even 'look' like a loss if I'm in the wrong direction as you say, once in the right direction I know I could make that small loss back in no time.
This also gave me an insight on how the 'big guys' who lose huge amounts of money at the banks get burned, they could hide the real situation from the boss but not forever, once you run out of money to fight it's all over.
DislikedI do believe, without going into studying this AUSYEN pair that you trade,
that may be you are adopting the trading style into the macro time frames. Am I right?
A few points you have made such as using skew and MM need work now, I think I have my MO down pretty well but I'm looking forward to your views on the attack/rescue sequences with this.
I still believe you need to get the concept of snowballing in/out of a trade and your MO right as a priority but the phi and skew are the icing on the cake
Thanks again Fti,