DislikedThankyou Zander2034 for this.
I trade Eur Usd and EurJpy. Both have been trading between 200ema and 800ema. Arjun said don't trade when price is between these emas.
It was so frustrating just waiting, while senior members are taking trades all over the place. Ciara ended up with 200 pips and Renata O pips.
I know it is not a competition, so I spent my time trying analyse their trades and why they took them. Gibril said this week is not trending week. Last week was some big...Ignored
that is correct we shouldnt trade when the 200 and 800 emas are closer than 50 pips and even after that we still have to be very cautious the price is all over the place at this point.
making 0 pips is alot better than jumping in and losing 20 or 30 a day which was happenning to me before i looked at patience. it is all psychological, the first time i heard that i thought it was rubbish but my opinion is changing the more i trade. if you have a system that you know works such as arjuns method then you enter a trade knowing that it is a good setup.
the important thing is you said you were waiting which is a vital skill to have. even the seniors will admit to jumping into trades to early at times and paying the price by losing pips
zander