Cool padutrader, Yes, I am getting in the habit of trading more and more, I do not want to miss any opportunities to make money. Cause the best setup occurs when we leave the screen, right lol I believe you think the same.
yes that is one way of putting it always be wary of market and be sure there are many reasons technical,in more than one time frame, to take the trade. i have seen that if the smaller time frame does not confirm then the market may against the longer time frame for some time..
i always make the mistake of hunting for trades....it is a real balancing act trading see what is happening and trade it if you cannot see that then it is guessing
market appears to make it own technicals for that day......for some time it makes certain patterns...
do not force yourself into trading some days you just not up to it..... we all like to trade in certain conditions....stick to that. do not feel that you are a trader so you must make trades
i trade a lot by instinct and that is why i find i am early into trades.... always wait for market confirmation for your instinct. if market does not give you a chance to take the trade it is often a trap
I often have got fooled by small time frame trends and mistake that for the dominant trend.... I do not like to call these noise because even the tiniest movement has technical validity. however that small movement will only go as far as the bigger trend and is a pullback. this is not a huge discovery. how ever it is important to notice it, while trading and to place it into your trading management. I see all these pullbacks and often think the market has turned. a large number of pullbacks however is indication that the main trend may be weakening.
wedges seem to be quite prevalent in eurusd. now I am seeing some broadening patterns.....expanding triangle as well as broadening tops and botttoms