Don_xyZ wrote:Yirbu wrote:This morning I started trading and immediately got confused.
Annoying because I had the same yesterday and this resulted in a loss for the day.
Today I had two conflicting setups and wasn't able to choose.
Normally I just make a decision or do nothing but today somehow it was hard so I went long...closed my long with a loss, went short...closed my short with a loss and went long again. Not a good start.
When I did make up my mind I took 12 pips trading the inside bar which was the original plan.
Too bad I already wasted some pips acting confused.
221208 - EURUSDm5.jpeg
Conflicting info is good. It means your brain is working vigilantly looking from every possible angle. There are cases when I get into a hedge too. Sometimes hedging with profit sometimes hedging with loss. You just have to decide whether to hedge or not. Observe and then study in what kind of situation you'll likely end up in a hedge or when to just stay out. But also be flexible. Some people just decide to stay out when they have conflicting situations. This must be part of your WIL.
I have been experimenting with hedging. I am not at the point yet that I can describe when it works or when it doesn't or when to exit my hedge but that's just a matter of time. For now I only hedge when I am in profit and am not sure if price is reversing or just having a pullback. And indeed, sometimes I just step aside and do nothing.



