Missing trades has been a recurring issue for me, and it's frustrating to see opportunities slip away. Sometimes the market moves too quickly right before I'm about to enter, as was the case with GBPJPY today. Other times, hesitation, over-analysis, or distractions prevent me from taking action at the right moment. I’m starting this thread to reflect on these moments, identify patterns, and work on strategies to improve my timing and confidence in execution. missed GBPJPY. The moment I was readying to open a trade, price moved up suddenly
Can you not automate? If you can't, see if lowering your size helps overcome your hesitation, and then start building some tolerance as you re-increase size to your current or similar level. One other thing that helped me was moving from sitting at the bid (or a few ticks lower) to just biting the bullet and entering either at market (paying the spread) or with a limit order a few ticks in the money (in order to avoid nasty surprises or horrible fills). This of course does not work if you're scalping for a few ticks, but it greatly improved my average profitability as I got rid of negative selection, that is, every time that I was sitting at the bid for a buy and I was wrong on the direction of the trade, I got filled (and eventually stopped out), whereas many times when I was right I never got filled because it moved right away towards my target and away from my missed entry. I hope that helps. Good luck!
Then you should show the guru how to automate the trade. But that is provided the automation has help you earned tons of $$$$$$$.
According to my system, you’re not missing any trades, it’s just that your system reacts too late to catch up with the market.