The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they use …
Category Archive: Reflection
Being Comfortable Sitting on the Sidelines
i.e. why I haven’t gotten back into the Euro since November. I’ve gotten beat by my emotions before. I had a disciplined trading system and I decided to deviated from the system based on what I was feeling. If I was anxious to trade or if I felt that I had to trade each day, …
News
- EURUSD: Possible Bounce a Selling Opportunity May 17, 2012
- NZDUSD Technical Confluence Near 7650 May 15, 2012
- USDJPY Makes Move on Trendline but 8060 is Key May 15, 2012
- Gold Has Plenty of Room Below December Low May 15, 2012
- USDCHF Nears Confluence of Trendline and Channel May 15, 2012
- GBPUSD Gives in and Falls Below Trendline May 15, 2012
- USDOLLAR Tags March High; Support Now 10050 May 15, 2012
- Crude 9250 and 8915 are of Interest May 15, 2012
- AUDUSD Makes a Clean Break Targets 9860 May 15, 2012
- USDCAD Breakout is Valid May 15, 2012
- EURUSD Probes Trendline from 2010 and 2012 Lows May 15, 2012
- Euro Short Hits First Target, Looking to Sell Yen vs US Dollar May 15, 2012
- AUDUSD: Opting to Pass on Short for Now May 15, 2012
- NZDUSD: Two-Year Support Level in Focus May 15, 2012
- GBPUSD: Waiting to Enter Short Position May 15, 2012
- EURUSD: Hold Short as Prices Hit First Target May 15, 2012