newscalper wrote:These are the questions I'm asking again and again and have yet to find an answer
I ask if price is higher or lower than something
By how much: 1 pip? 10 pips? A hundred pips? How are you defining your criteria?
I define when I am wrong
Yep, but again price just going to where you define you're wrong isn't where you get out is it - this is CCs etc and defining exacly what is meant as a close - A 4Hr close?, A weekly close? A CC close on M15 a CC close on H1?
I have the same problem with MOMO, momo under what criteria? M15 momo, H4 momo? Depending on how far you scroll back and where you can always find bigger momo in the opposite direction...go with the trend, again it depends on where you start looking at the chart as to which way the trend it going
I determine the most that I can pay to enter into a trade based on how much space that I am willing to lose.
After I have taken a trade within range I follow three easy steps:
I do not add because I think that price will move a hundred or hundreds of pips, I add so that I will have a large lot size WHEN it moves a hundred or hundreds of pips.
I use the chart as a reason to take action and a tap on the shoulder to try again next time.
Once I am in the trade the chart fades into the background & I am only concerned with the three steps.
newscalper, change your name:
Your a loser.
You have stinkin thinkin.
IF you can consistently lose, and you can quantify this by keeping record of what your doing when you enter/exit, then you are sitting on a gold mine.
You dont REALLY want to win and you dont BELIEVE its possible.
Either hang it up or take a look at the chart and ask yourself, what the *censored - swear word* am I doing here.
Then look VERY closely in the mirror and ask if you REALLY want this???
Ask how the hell am I going get what I want.
Ask how am I going to see what is under my nose that im choosing to overlook.
Start asking questions about HOW you are going to succeed, NOT why your a failure!!!
AND KEEP IN MIND THAT IF YOU HAVE A CONSISTENT WAY OF LOSING THEN ALL YOU HAVE TO DO IS LOOK FOR THIS SIGNAL AND REVERSE THE ACTION.
Document HOW you LOSE and ask HOW you can use this to profit.
I recommend the name newwinner but that all depends on your answer to the mirror.
IF I DO NOT MAKE MY GOAL IT IS ALL ON ME BABY, NOT THE MARKET, BROKER, BANK, OR EVEN THE METHOD OF WHICH I USE.
Adjustments can and should be made, ROBOTS ALWAYS LOSE WITHOUT HUMAN INTERVENTION SO STOP LOOKING FOR A HOLY SYSTEM!!!!