Disliked[color=black][font=Verdana]For those of you having anxiety over being down 25 or 20 pips . . . on a 4 Hr chart, swings can go as far as 150 pips. This is to be expected! 70% of the time when you place a trade, the market will spend some time in the negative, or the opposite direction of your trade. This is the market breathing. Really? 25 pips down and you're worried? Only 30% of the time will the momentum carry your trade in the "right" direction with no drawdown or fluctuation. Especially on a 1 hr chart and higher. How do I know this? Lots...Ignored
- #7,923
- Edited 7:48pm Jul 12, 2011 7:25pm | Edited 7:48pm
- Joined Mar 2010 | Status: Trader | 1,380 Posts
- #7,927
- Jul 12, 2011 8:44pm Jul 12, 2011 8:44pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
- #7,933
- Jul 12, 2011 10:28pm Jul 12, 2011 10:28pm
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.
- #7,935
- Jul 12, 2011 10:39pm Jul 12, 2011 10:39pm
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.
- #7,939
- Jul 12, 2011 10:57pm Jul 12, 2011 10:57pm
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.