Disliked{quote} What is the reason you are bending the rules? Is it FOMO? Fear Of Missing Out? What do you think you are going to miss? The chance to trade? So what if you miss a trade? I miss trades. It is OK to miss trades now and then. Missing trades is caused by lack of focus more often than not. Trying to trade too many pairs. Trying to get every possible trade. As soon as you take your eyes off one pair to look at another, you miss the trade. Hasn't that happened to you at least once? Learn to wait. Be patient. The trades will appear. Do not get "trigger...Ignored
Going back to the GBPUSD setup I was desperately looking for a reason to jump in and RULE N.3 actually prevented me from doing it.
I guess the FOMO has a lot to do with it. It's like you're watching the charts and you want to be rewarded with an opportunity to trade - and the GBPUSD is a great example because one could say I was actually "punished" for respecting the rules. It's how we're wired to think I guess...
I have to say your rules are helping me in reducing the number of trades although I still have the "need" to look at several pairs (FOMO again...)
This thread has been a class on discipline and patience for me. Still a long way to go but I start to see a light at the end of the tunnel.
THANKS!!!!