Quote from macattack:
Today I had one of those days where trading just seemed really easy. I was calm, confident, careful. I felt like I could read the charts like a trout fisherman can read a stream. It all just seemed really logical & clear.
It's not the first day I've had like that; in fact it happens quite often. Just not often enough.
I may be like that for a couple days in a row, but then something happens. I wake up, turn on the computer, look at the charts & I just feel confused. I feel stressed. Everything just looks hazy. I make stupid decisions & it seems like no matter what I do it doesn't matter; just about every trade reverses as soon as I enter & turns into a loser.
All the profits I made on the other days dwindle away. It literally feels like my brain is malfunctioning. If I could see clearly every day as I did today I'd be golden, but something goes wrong & I just don't get it.
At the end of the bad days I'll look at my entries & exits on the chart & they are just pathetic, random, slop; I can hardly believe it was me that placed the trades. I have plenty of experience to know better.
Anybody else ever have this experience?
Technical analysis is a vodoo science , it is not a perfect science .It works sometimes and it does not work a lot of times.Same set up may give three outcomes , win /draw/loss.
80 % of trends on lower time frame fail on the longer time frame , so use fair weather friend cautiously.
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