DislikedHey Mike
Thanks for your comment. A problem I seem to have is that I am finding so many reasons NOT to take a trade that I am hardly trading(2 this year).
Is there such a thing as being TOO picky? I feel that I should be taking a few more to complete my fx education?
Thanks
kalIgnored
This is a pretty common question I get.
I don't think there is a thing as too picky really I think it is about not understanding or having a full method. Which is perfectly normal. When you are learning you are still developing, testing, honing what works for you. THis is going to be the personal part of the experience that you must develop over time. Once you understand and have confidence in your entries and exits you take what the market gives you. So you become picky to your method. The thing is people often think they should be less picky to "practice". I also think that can be backwards as it can lead to bad habits. THere is a fine line and this is where demo comes into play. If you believe something is worth trading, well you trade it and learn from it. You learn to hone the skills and concepts by doing but also by observing. Over time this will then mold into something new, something that probably needs to be yet molded still . Then slowly over the evolution, without one even really knowing they are doing it they are creating a method. So to say is there something as being to picky is an impossible question to answer. It's ultimately in my view about developing a method that suits you, then controlling yourself to follow that method.
So if you think you are being to picky, then be less picky, see where it takes you and learn from those experiences. But don't just be less picky without reasons. Every trade you take should fit in line with what you are trying to do day in and out. THat is the only way to have any idea if what you are doing is making sense. Take the euro trade for example, some will trade it, some will not. Neither is right or wrong. Those I feel are wrong are the ones that simply have no trade plan. THey sell the low and just hope for something good. To me those that are right are those that do or do not trade it for specific reasons. Those specific reasons are how we learn and mold our trading. I would never sell that bar into the BRN. It is a rule I follow. I would never trade into the high of a box on a bar that has what I see as very little other confluences then the bar. WHat happens after that means nothing to me. Zero. I have no control over what happens next, only myself. That is how I stay consistent with how I personally trade. This doesn't make someone else who has tested and seen this situation to work for them wrong, or them right and me wrong. It's about the method as a whole.
Hope that helps
Mike
it has to be taken away to be fixed which will take anything up to 7 days! Once its back I can email a testing file to you.