DislikedHi Lusan,
Just dropped by to see your frame of mind.
You seem to be reinventing the wheel.
This can happen, when you get into unfamiliar territory.
When You find your sweet spot, try to build from there, while holding on tight to the basics that brought you there in the first place.
Kissing too many frogs , just will get you confused.
Stay with the wife, mistresses just makes things complicated.
regards.Ignored
I reset my mindset and strategy last friday...I returned to the beginning...15M for bias, fast PT and quick attack...That worked very well in the past...I stopped reading other peoples opinions about forex...it hurts my mindset...Hard to believe?...each one has something that we find that works for us...and then we think that this will work for other people...but it does not...we need to find what works for us and stick to it...
why did I try to change it or improve it?...Simple! too much free time...Actually I tend to be simple, then move to complexity and finally return to simplicity....I have nothing to improve but my ability to feel the dance and to step fast with the lady...that is all...if I go left and she want to go right...then I should revert and follow her...fast...very fast...1 sec of hesitation and then I am lost...
I began dedicating my free time to other interest...Learning how to dance right takes a while...everyday I learn something new...still I think that it will take several months before I enter trades without hesitation and regret...then...I will smile...
I see myself as a forex trading student...so minimum risk and a lot of practice...little cash...but many hours of practice of my own fast dance...(ah..so diffierent to other peoples dance...I wonder how do they have the patience of waiting for hours...I do not!)
My current skey for attack is 1-2-3....with a potential 5 if the 1H, 1D agree and there is a major break out....
Rescue...Only one rescue of 2...If I need more, it is probably because I am against the trend...so I choose to revert...yes...revert but the attack is not 1-2-3 but 2-3-5...why? Because if I am right then I should be more aggresive...
News? They are fine as long as they are not US news...but never have 3 positions opens on any news...in US news?....be out and ready to pounce depending on volatility and my own economical interpretation of the news...not because I understand economics but because other traders will react to the news...
What am I trying to do?...to polish the kinks of my fast style...before I commit hard capital...For example, more the largest my PT, the larger the risk...when I get to collect more than 50 pips/session, I am taking innecessary risks...greed is leading my trade...that is no good...
my goal? to trade one 5M bar a the time...then I would know that I arrived.
My last 2 days has been great learning experiences:
1) on Friday I found myself against the trend suddendly...so without too much thought I just reverted the whole position into strong attack mode and save the book and bank my desired daily pips.
2) Today...just 15M and 5M...took my pips allowance within 40 min...Again...the same strategy...watch the lady and charge when she is coming your way...charge without hesitation...then collect and turn off the computer....and...return to bed...50 pips/day is more than sufficient for me...
Why do I write all thise? Because others read this journal, I stopped adding new entries...still trading is ongoing...
I will post my new studies after I am settle and cozzy again with my early trading sessions...I defintely do not like trading during US sessions...Why? Because my mindset was trained one hour after london opens and the market does not feel right....
Only those who dance, dance...The rest dream of wealth and fame until the dragon eat them alive!
Thanks for visiting....
Empty as water and soft as a facing wind mountain