So, once you set your battle field, you wait from prices to get to extremes, extremes are where prices are rejected and were I like to trade but not all extremes and that why you have set the battle field.
Being patient is a must in trading, if your decision is decided by impulsiveness, boredom or addiction to trading I can assure you you will lose, markets do not like weak people and you better go to do something else because you will never make it.
Prices will also turn at points where you do not expect to, markets does not have to do anything, markets just are.
You can also trade away from your levels or what ever make sense to you, I would not do it but only when you have gained trust in your way consistently and then you might push a bit further.
Having a battlefield or plan before opening is as building your own island in a sea of uncertainty, you will always find refuge there.
Trading more than one pair will give you a choose to take trades on a pair that has showed you enough legs, compared to other. I strongly believe if she is not showing her legs do not even try, she will cut it off.
Always trade in the direction of least resistance, yes you can take trades on the opposite side but you have to be very quick or at least where it has showed you some interest as with a previous push, here more experience it will be advice and with screen time you will slowly see when it is an opportunity.
Momentums (not indicators), comparing legs, depths and retracement with give you an idea where the direction of least resistance is.
Mostly use fail patterns to get in at that particular level, but not always, with time and experience you will enter at that level without further confirmations, confirmations often are too late placing your trade at risk when it would already be at break-even without that confirmation. With experience you will take that trade at that level without confirmation based on how prices got there and the importance of that level.
By walking the talking you will gain trust in your own style, you will see it, you will make money every week, nearly every day, if one day you lose more that what you won the previous day it shows you have to go back and do more work on yourself and that is ok, that what is all about, learning from yourself, just make sure you do not follow in the same trap again and again and if you do you need to go back on yourself again.
Once you have constant profit nearly every day, increase your volume not your trades, there is not need, at that stage you will not be trading to get a thrill but to make money.
Create a distance between you and the market, the market is not you and it is only a job, nothing more, yes you can trade as many hours as you can handle in a day but remember in day trading your emotions are exposed continually and can be tiring, personally I only trade for 4 hours and with 4 pairs and being selective I make around 1 to 4 trades per day, somedays more somedays none.
Monitor yourself when trading and taking trades, you cannot control your emotions but you can monitor them and learn about yourself more and they will became your help instead of your obstacles.
You do not have to trade every day, if you have problems or you do not feel well do not trade, do something else, relax, spend time with your love ones or anything, look after yourself.
Being patient is a must in trading, if your decision is decided by impulsiveness, boredom or addiction to trading I can assure you you will lose, markets do not like weak people and you better go to do something else because you will never make it.
Prices will also turn at points where you do not expect to, markets does not have to do anything, markets just are.
You can also trade away from your levels or what ever make sense to you, I would not do it but only when you have gained trust in your way consistently and then you might push a bit further.
Having a battlefield or plan before opening is as building your own island in a sea of uncertainty, you will always find refuge there.
Trading more than one pair will give you a choose to take trades on a pair that has showed you enough legs, compared to other. I strongly believe if she is not showing her legs do not even try, she will cut it off.
Always trade in the direction of least resistance, yes you can take trades on the opposite side but you have to be very quick or at least where it has showed you some interest as with a previous push, here more experience it will be advice and with screen time you will slowly see when it is an opportunity.
Momentums (not indicators), comparing legs, depths and retracement with give you an idea where the direction of least resistance is.
Mostly use fail patterns to get in at that particular level, but not always, with time and experience you will enter at that level without further confirmations, confirmations often are too late placing your trade at risk when it would already be at break-even without that confirmation. With experience you will take that trade at that level without confirmation based on how prices got there and the importance of that level.
By walking the talking you will gain trust in your own style, you will see it, you will make money every week, nearly every day, if one day you lose more that what you won the previous day it shows you have to go back and do more work on yourself and that is ok, that what is all about, learning from yourself, just make sure you do not follow in the same trap again and again and if you do you need to go back on yourself again.
Once you have constant profit nearly every day, increase your volume not your trades, there is not need, at that stage you will not be trading to get a thrill but to make money.
Create a distance between you and the market, the market is not you and it is only a job, nothing more, yes you can trade as many hours as you can handle in a day but remember in day trading your emotions are exposed continually and can be tiring, personally I only trade for 4 hours and with 4 pairs and being selective I make around 1 to 4 trades per day, somedays more somedays none.
Monitor yourself when trading and taking trades, you cannot control your emotions but you can monitor them and learn about yourself more and they will became your help instead of your obstacles.
You do not have to trade every day, if you have problems or you do not feel well do not trade, do something else, relax, spend time with your love ones or anything, look after yourself.
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