maybe i have become too conservative these days, but ...
For most of the positions all of you posted today i don't see a real good entry and i think some of you are over trading. Survivor do u take by 2 losing trades on each currency for the day? that means you don't know where to stop trading for the day and take a day off the chart. I don't pretend on knowing anything, just sow today there was a lots of activity... which makes me to believe that you are over trading.
I don't want to be rude to anybody here, but i think, that if we take only the exact by the rules trades, and post only them here in the thread, it will be easier to learn to follow the rules, and not violate some of them. If we take only the "perfect by the rules" trades we will still get a lot of pips for the day, and the emotions will be far less. It will train our eyes to see if there is something wrong, or the setup is excellent and we will help others to see them right. They are only a few per day right, but they are far less emotional, you will be in a trade only one or two times a day, which will bring the risk even lower.
I know that everybody here want's to make money out of the market, so do not take trades only to be on the market! Trade, if there really is a setup that gives you the "edge". Really i have got too conservative these day's as i take only 2 max 3 trades a day, so i wait for the perfect setup.
Do not over trade and learn where you have to stop and go for a walk, or to drink a beer or something else. There will be another day, with some opportunities along with it, don't try to catch all of it today!
In the chart below i have market the best entries for today, yes it is a lot easier when you have that right side of the chart Even my entry now seems to be not so good, right
http://www.forexfactory.com/attachme...1&d=1289937515
Remember that the main chart is M15 and we will have to make decisions based on it! Do not give too much strength for the other charts, as they will probably need bigger stops, but also do not trade against them.
I will be happy if anybody say a word for the things i wrote and i believe i haven't been too rude. I also do not admit to be a "pro" in trading, so any remarks are accepted.
For most of the positions all of you posted today i don't see a real good entry and i think some of you are over trading. Survivor do u take by 2 losing trades on each currency for the day? that means you don't know where to stop trading for the day and take a day off the chart. I don't pretend on knowing anything, just sow today there was a lots of activity... which makes me to believe that you are over trading.
I don't want to be rude to anybody here, but i think, that if we take only the exact by the rules trades, and post only them here in the thread, it will be easier to learn to follow the rules, and not violate some of them. If we take only the "perfect by the rules" trades we will still get a lot of pips for the day, and the emotions will be far less. It will train our eyes to see if there is something wrong, or the setup is excellent and we will help others to see them right. They are only a few per day right, but they are far less emotional, you will be in a trade only one or two times a day, which will bring the risk even lower.
I know that everybody here want's to make money out of the market, so do not take trades only to be on the market! Trade, if there really is a setup that gives you the "edge". Really i have got too conservative these day's as i take only 2 max 3 trades a day, so i wait for the perfect setup.
Do not over trade and learn where you have to stop and go for a walk, or to drink a beer or something else. There will be another day, with some opportunities along with it, don't try to catch all of it today!
In the chart below i have market the best entries for today, yes it is a lot easier when you have that right side of the chart Even my entry now seems to be not so good, right
http://www.forexfactory.com/attachme...1&d=1289937515
Remember that the main chart is M15 and we will have to make decisions based on it! Do not give too much strength for the other charts, as they will probably need bigger stops, but also do not trade against them.
I will be happy if anybody say a word for the things i wrote and i believe i haven't been too rude. I also do not admit to be a "pro" in trading, so any remarks are accepted.
Better to lose opportunity, rather than capital !