Look for market statistics 4.1. I use mt4. Ivo

EURUSD only

It tells me what to look for, long or short. I usually get burned if I go against it, lol. Ivo

EURUSD only

Like a moving average adjusted for volume. Something I look at because it makes sense to me.

EURUSD only

You never know why price goes anywhere... but VWAP shows where the control is. Nothing is guaranteed ever.

EURUSD only

Yeah well... time of day... there are not that many sellers (or buyers) anymore... and those buyers had a lot of time already to close their positions (and all those sellers around 1.2350 have to close as well...more volume there!) . Furthermore ...

EURUSD only

Hi, thanks a lot for your constructive answer. >is it fear of being wrong, or is it the money? The money... In the morning when I prepare for the day my goal used to be "making a lot of money". But right now I focus on "understanding the market" and ...

psychological biases affecting trading

Well it's mostly self-deception.. There's just this huge bias in me to trade good upportunities very small and do all or nothing when fighting the market and trying to proof myself..... for for instance I also start the day very small whereas ...

psychological biases affecting trading

Thank you for your kind words. I do think I need to be able to let it run if there's really no reason to close. That's where the big money is. Doing ok today, +62 pips so far while high minus low is 65 pips right now :-) Ivo

psychological biases affecting trading

Nice.. I kinda know all that, I am struggling with the HOW.. ;-)

psychological biases affecting trading

Thank you... I just can't stand myself for not taking advantage of those good days...and then see myself struggling the next day to make a big profit in a hard market. Ivo

psychological biases affecting trading

Thank you, will definately check it out.. Ivo

psychological biases affecting trading

Thanks.. I agree that somewhere, somehow it has to do with confidence..

psychological biases affecting trading

Thanks but I am profitable just nowhere near what it could be. Today 47 pips in EURUSD (my only pair) but should have been 100 at least. Mental trades go even better, lol

psychological biases affecting trading

Just analyzing your words here: What you are saying here is: "I won't expect the trade to go well because I really really really don't want to be disappointed when it goes wrong" You are paying more attention to the trade going wrong than the trade ...

Law of Attraction-based trading system

Just like for everything you want to reach in life (LoA applies to everything!) you need to have a positive expectancy (hoping-->believing-->knowing that you can do it) and at the same time NOT be disappointed if it doesn't work out.. so be detached ...

Law of Attraction-based trading system

Law of attraction works for everyone at all times. We receive what we pay attention to, whether we want it or not. It is the reason why things happen. So yes, it works in my trading as well. It works in everyone's trading. The question is if we are ...

Law of Attraction-based trading system

Yeah.. to me too: The possession of anything begins in the mind - Bruce Lee ;-) The key is to know when you're not in sync and to have the discipline (willpower) not to take the trade. If you usually feel good, are in a relaxed state it will be very ...

Law of Attraction-based trading system

Of course we need some kind of system.. but even then while trading we have some preferences. We skip some trades and we take some that we were not supposed to take... We still get impulses unless it's some kind of computer trading.. and even those ...

Law of Attraction-based trading system

A system, stats, lotsize, money management is all just to confirm our believes. It is all self-fulfilling. We tell ourselves: I got it right, I know the stats, I have a system, etc etc.. Lotsizes are only unhealthy when they feel unhealthy (so when ...

Law of Attraction-based trading system