Technical Analysis Fallacy
On the trading front, I sent in a mild rescue , but was taken down,lossed 20+ pips on that attempt.
Market form is quite clear to me now.the market is DEAD in sweep congestion. Whats worst is that the market is very thin and market makers are shading by wide spreads and showing decoy bids while shading offers wide.
The intact trend is to buy usd, I now have to formulate strategy to hang them up and cut chunks of their meat, once the market returns.
What is best practise for this? Working on it.
Bleed scouts bleed, take it like men of steel....
Hello Fti ,
While watching you - fearless general in this battle, I admire your mindset and skills.
You operate objectively in every situation and your mind just move on with the market..
For me it’s really hard to keep such clarity, my scorpions often confuse me.
I wonder how did you handled these battles at the very beginning of your trading career?
Was it tough? Did you made many mistakes while learning and how long did it take?
Chief,
Just want an opinion... seems like the US session didnt tooked it too down... infact most low was in Euro session...
Are the USD bull loosing steam or USD bear are trying last attempt to cover there loses...
though no doubt all factors point to USD bull...
V
yeah GEfx,
you may be right.
But why stop at 1.4000, abover 1.4000 is 1.4100, then above that is 1.4200. What I really like to know is what if 1.4000 is not breached , what would you do?
Remind me of a dealer I once had. Always talking levels, the one day he missed entering the market because it missed by a couple of pips. He explained to me that if it had filled.....,,,,,,,,,,,,,,,,,,,,,after a few incidents, I finally gave me the walking certificate, explaining that if only his levels were traded, I would had made him the Treasury manager instead....
I agree with you that they are just shadows, or lines in the sand on a beach. To answer your excellent question about what I will do when they are reached: I will wait for price action to tell me what to do. If they are not reached, I will follow price action the other way. I do all the TA that everyone else does (or at least should do), but I follow PA at all times. I hope that is consistent with your actions, too. The market follows regular patterns and so do I. I hope your scouts are safe and well protected as the market rests.
today , I am foolishly swimming against the stream. Talk about rigid. Bad karma. Gotta reset and get back into groove.
regards
There is no one to check me, so when i am out of sync. I gotta feel my way back. Somethings wrong, at basics level, still trying to detect and correct.
Could be some ego creeping in, due to small trades, maybe feeling of invincibility. Still thinking.
Gro, that can happen. Mindset is not easy to guard.
being away is no excuse for me. If this was regular sized, the damage would not be so mild, and markets were not too wild only behave a little perculiar.Takes a little to get back into the dance.maybe its not market, could be me.
regards
............
... yes, yes today I have "born by market"
FTI thanks for the angel
PS I read somewhere that take 10 000hours experience create a master, I have about half the time?
regards
There is no one to check me, so when i am out of sync. I gotta feel my way back. Somethings wrong, at basics level, still trying to detect and correct.
Could be some ego creeping in, due to small trades, maybe feeling of invincibility. Still thinking.
That is the life of a trader, lonely with only you and your wits to check yourself. Easy to have the demons creep into our work. I keep all my trades large enough to matter, so nothing is viewed as small and expendable. Just my style, not that it is correct or best, but I need it to stay honest. You'll get the timing back soon, it is something that always returns to the professional.
The market was difficult today after the Europeans got things started, but no follow through during NY. I reversed the GBP during NY for a few dozen pips, and...
Thanks, I 'll try.
