Friday, August 24, 2007

Forex trading 08/24/07

Let's put aside my inability to trade in direction of the trends.
I totally don't know how can I pick reversals so often and so precise. I just have a need to enter that trade. It's not that I was mad by letting rally up go besides me. I was clear in my head making notes of buying points paper trading in my mind. But it's like it's not meant for me to trade on that kind of moves. But when reversal is approaching, it doesn't have to be full reversal, just reaction I got to get in. It's my kind of move.
Ability to pick reversals is probably a lot's of screen time that's now integrated in my mind. Because of it it's the problem also to learn new tricks. When you learn something it's hard to unlearn and it's hard to learn opposite skill set.

Yesterday I was thinking and realized that I'm mixing swing trading ideas with scalping for small profits. I don't do swing trades because I like to keep my stops (when I oblige them) close. It's too close for swing. Other thing is that I never stay in the trade for the whole move.
OK I have swing trading ideas and scalp trading personality. So I had a long talk with myself that it's ok to use swing idea, make a scalp trade and leave profits on the table. It's better than don't go in at all.
So I was in peace with my exit and leaving profits on the table.

+12 (10)





Forex Intraday Trading
Forex Intraday Trading
Forex Intraday Trading

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