Excellent post. I would recommend reading "Trading in the Zone" by Mark Douglas. Sharing your views is firstly, fantastic. And I suspect that you are suffering from the need to avoid paid in the sense of (being right) and (not losing money). Hence ...

The similarity system

I have levels below that I'm looking for shorts at: 2993 2973 2955 So I may fade in from 71. 2942 and 2918 are obvious supports to look at for breaks lower

The similarity system

Gentlemen, awesome job. Will test this later tonight. LITE - was thinking about this exact same thing last night so looking forward to testing some ideas.

Trend-spotting

Your question is a gift that keeps on giving! I forgot about NFP..... this phenomenon creates 100 pip swings. Sometimes it slides into it and goes in one direction. More times it whipsaws from one end to another. There's no way of knowing what ...

The similarity system

There is no such rule. A while back I posted that price is a bunch of points of data. Data points flow, just like a stream.The law of inertia applies to data flows.So if price moved down in a big way, what makes you think it MUST bounce unless you ...

The similarity system

Cheers for this Kprsa, I'll give it a run! Really appreciate it.

Trend-spotting

All very possible. Ironically, I have 2764 as my first monthly target using the Daily tf image

The similarity system

Bit of a bad trade... but shorted at 55 and 44 and closed everything at 34. Out and flat. Looking to short again at: 2955 2973 2995

The similarity system

thanks

EURUSD

Aaaaaand to add to the EUR short cause..... url

The similarity system

Short from 2932

The similarity system

I think the psychological barrier that 1.300 played in terms of being a bounce point for any descent coming from 1.39, 1.38 and particularly 1.36-1.34 has now been wiped out. The fundamentals have been absorbed and I take note of the Swiss and Yen ...

The similarity system

Just a quick comment on this screenshot.... it's the 10 and 12 on the up/green side that I scan for weakness. Seems like it's doing it on the EURNZD as well as EU.

The similarity system

Edit: Looking to re-enter shorts at 1.2991.....lol. Seems funny typing that in. Keep typing in 1.3

The similarity system

Yes indeed

EURUSD

Dude... you're asking wrong questions. Do you still have open positions? If you do and you think the market will reverse, then you are going to wipe out your account with 100% certainty. You are still in denial over today's move and are now clinging ...

EURUSD

Sorry to hear that. You're only 23. You have plenty of time to earn that money back. Your responsibility now is not to worry about what your parents will think or what anyone else will think. It's about what you think. You've learned the best lesson ...

EURUSD

Gotcha. I understand this. You're right... that's alot harder than it sounds. But I completely get the notion of it. I'll see how I can implement the idea based on this.

The similarity system

On the same wavelength. I do the "same" on all other tfs within a day

The similarity system