KrystalSkull wrote:Thanks TRO for the wonderful indicators ..... love ya work, awesome job!
If we are looking only to make maximum 5 trades per day and the first 3 trades are losers,
do we still make the next 2 trades on the same currency in order to try and catch the reversal,
or do you look for another pair of interest?
Also have you or anyone noticed if the odds are higher in sticking to one currency pair (per day)
even if the H1 bias turns against you, or again find a new pair that has the H1 bias in your favor?
at the same time trying to find a pair that is also above the daily and weekly open (if you are a green rat)?
The maximum 5 trades per day is where you start to go astray.
If you have 3 losing trades in a row. It's time to take a TIME OUT and regain focus. Obviously, you are not SEEING what price is doing in the moment. Instead, you are ANTICIPATING (incorrectly) what price will do in the future.
Wouldn't it be foolish to switch pairs AFTER 3 losses in a row when you "know" price will eventually move in your direction?
All you have to do is WAIT.
Can you do that?
Or should you be seeking admittance to Yale?