Keep missing set-ups...

[shadowninja]

Apart from taping my forehead to my trading screen, how can I not get distracted by the various forums I use and MSN so that I miss perfectly decent set-ups?

Any tips?

Duct tape at the ready, otherwise.

 

[Hotch]

duct tape sounds good, alarms? they're good fun.

 

[shadowninja]

I'd have to reset the alarm every 5 minutes to check every candle on the M5 time frame!

 

[bbmac]

1. Use alarrms for when price arrives at a level you are intending to look for a set-up at?

2. Do say 2hrs then 15min break, then another 2hrs etc..?

 

[shadowninja]

1) I'm more relying on formations and watching how the price reacts at different levels.

2) Nothing may happen in that 2 hours but it could happen in that 15 minutes. I'm identifying daily swings and trying to get a decent entry.

 

[N Rothschild]

how many monitors u using? just have your web and msn on one with a chart right next to it on another

 

[shadowninja]

how many monitors u using? just have your web and msn on one with a chart right next to it on another

Yep! You're on my right monitor; charts/platform directly in front of me. Due to my "problem" I consequently have a stiff neck from looking right for too long.

 

[1Pipped]

Turn MSN off, dont look at forums.

 

[KillPhil08]

I bet something else gets stiff when your looking at your right screen.

 

[shadowninja]

I bet something else gets stiff when your looking at your right screen.

Have you been checking out the webcam under my desk again?

 

[MrGecko]

I'd have to reset the alarm every 5 minutes to check every candle on the M5 time frame!

If you've got an alarm every 5 mins, and you still miss setups, maybe you just aren't concentrating enough or purposefully missing trade / only seeing them in hindsight.

Don't mean to "flame", just a perspective.

 

[shadowninja]

If you've got an alarm every 5 mins, and you still miss setups, maybe you just aren't concentrating enough or purposefully missing trade / only seeing them in hindsight.

Don't mean to "flame", just a perspective.

I don't have an alarm. I meant if I had an alarm, I'd have to reset it every 5 minutes. I tried something similar when I was doing 5 minute binaries. That was a rush.

Yes, I am just not concentrating enough when it comes down to it. I need the PC to slap my face when the price action is starting to get interesting.

 

[shadowninja]

Or trading too short a timeframe?

(playing devil's advocate here)

M1 was too short. I think M5 is fine when I am watching the screen. I just get bored easily.

 

[shadowninja]

I might start trading other pairs so something is always happening?

 

[MrGecko]

alarm = good idea

other pairs = bad idea

or get some ritalin from the black market.

 

[Charlton]

1) I'm more relying on formations and watching how the price reacts at different levels.

2) Nothing may happen in that 2 hours but it could happen in that 15 minutes. I'm identifying daily swings and trying to get a decent entry.

There are clear choices:

(a) Get a better trading platform that allows you to set automated alarms - for example Tradestation can provide audio alerts that sound just once during the session when the condition is reached, or once on each bar when the condition applies or continuosly during the condition. It can also be coded to look for patterns and/or price levels

(B) Work on you trading psychology to remain more alert, more focussed and to filter out other temptations (including the web-cam below your desk)

(c) Accept that you can do neither (a) nor (b) so find another trading methodology/instrument/timeframe that is more in line with how you want to live the rest of your life

(d) Accept that you can do neither (a) nor (b) nor (c) and give up trading

You know it is entirely within your hands and that only you can put it right.

Be a true Ninja

Charlton

 

[shadowninja]

Think of all the opportunities you could miss if you really put your mind to it. My god man - you'd be suicidal by teatime.

 

[shadowninja]

There are clear choices:

(a) Get a better trading platform that allows you to set automated alarms - for example Tradestation can provide audio alerts that sound just once during the session when the condition is reached, or once on each bar when the condition applies or continuosly during the condition. It can also be coded to look for patterns and/or price levels

(B) Work on you trading psychology to remain more alert, more focussed and to filter out other temptations (including the web-cam below your desk)

(c) Accept that you can do neither (a) nor (b) so find another trading methodology/instrument/timeframe that is more in line with how you want to live the rest of your life

(d) Accept that you can do neither (a) nor (b) nor (c) and give up trading

You know it is entirely within your hands and that only you can put it right.

Be a true Ninja

Charlton

Thanks. I know, I know, it's all down to me and I j... ooh, look, a butterfly.

 

[shadowninja]

other pairs = bad idea

Why do you say this?

 

[TheBramble]

Apart from taping my forehead to my trading screen, how can I not get distracted by the various forums I use and MSN so that I miss perfectly decent set-ups?

Any tips?

Seems to me your attention is going where it wants to go.

Maybe you don't really want to trade?