stopped.
naughtiest trade i've took in ages.
Not because it was 'against the trend' (as most of my trades are), but because my system never actually triggered short!
I pre-empted my signal as it was so close to going short and then I jumped in thinking i'd get a better price, only for it to carry on up and the system remaining flat!
I haven't made that sort of mistake in ages.
I think it might be down to the good run i've been having. Maybe in my head i was more willing to take a gamble and use my previous winnings to justify the risk..?....
Bramble - I take your point on board. However, in my experience with my relatively short timeframe trading and never really looking for more than a few bars in my favour, the 'bigger picture' rarely seems to have an effect, and sometimes, that bias causes me to both miss good trades i'd otherwise take, and also take bad trades thinking that I at least have that longterm bias on my side, only to be filled long at the high tick!
Im currently just trade short timeframe paying little attention to much else. Generally fading the move looking for certain patterns, and sometimes 'going with the trend'.
My chart is quite plain with a few custom indicators kindly programmed for me. I also use a simple excel spreadsheet for some of my trade ideas.
Having said all of that, its worth noting that despite my join date, I consider myself a total newbie, and a rather poor trader!
I trade to try and make pocket money to pay for my beers at the weekend and nothing else!
