Good place to heckle and shame the newb (fx)

After watching great setup after great setup (all of which would have panned out well) go by all morning without pulling the trigger (beating my head on the wall for that, too much emotion, not enough execution), I finally took one tonight... this is going to be interesting. After making a string of perfect calls this morning, it wouldn't surprise me if this is the setup that fails.

Short USD/CAD - 1.08703 x1

Dead nuts of the fib line. I just can't see it pushing through after the run it's already had without some sort of pull back. As always, we'll see... Target in the area of 1.08400, would be happy with 1.08500 though.

LOOOVING Forex.com's 6 pip spread on this one too. ugh
 
Charts and the quotes are so out of sync right now. I should screen shot this and email it to forex.com. No reason for this during low volume.
 
Covered - USD/CAD 1.08703
0 pips

Stopped out at break even, already got an 8 pip move out of it, spread killed it. Don't care to sit up and watch this one, don't care to lose anything on it either. Forex.com loves me making money for them on that spread.

Week 2 Day 2
+49.6 pips
 
Sure enough, trade would have panned out perfectly overnight for either one of my targets. Another profit lost not trusting the chart.
 
This is an ungodly vicious cycle. Missed:




It's one thing to see a good move after the fact and say, "That sucks, wish I had seen that ahead of time." That leaves you with a quick moment of disappointment, if anything at all. It's entirely another to recognize a trade, wait patiently for it to set up, then fail to pull the trigger at the moment of truth. That leaves you wanting to throw the computer out the window and needing to walk away... which leads to more missed trades.

Then it feeds on itself. It's like being at the roulette table and calling three in a row while sitting out. You tell yourself, I can't possible get four in a row right. So you sit out again. You get four right and you get pissed at yourself for not playing. You tell yourself, well I got four right, there's NO way I'm going to get five right. Of course you get five right and the cycle continues. When you do call one wrong, it reinforces the idea that you need to keep sitting out and the cycle continues with new intensity.

Does anyone else have this problem? I don't know why I don't trust my strategy. It's proven to be right far over 50% of the time. As is evidenced in this thread (and more that I haven't posted out of frustration), it hasn't thrown a failed signal in two days and around ten signals. The problem is ME.
 
Got it on the retest, wouldn't be surprised if this is the time it breaks it. *eyeroll*

Short - USD/CHF 1.06512 x1


Target at 1.06250, but who am I kidding. I'll probably sell it for 5 pips. :p
 
Covered - USD/CHF 1.06658

Good, quick 14.6 pip loss on the break out of the century. Am I surprised? Not in the least. Such is the par factor, and mine is stronger than anyone else's.
 
Well if nothing else I paid to break the ice and actually make a trade. Now I'm more open to make trades, all of which will be losers, I'm sure.

Short - USD/JPY 94.274

Target around 94.000
 
Buying breakout after breakout

Covered - USD/JPY 94.543
-26.9 pips

That'll put me back to near break-even all total and signal the end of bothering today. Not all that surprising that the solid, large profit setups were not taken, but the only two failed setups so far were. Odd, it is, how that happens. Funnier still that I called it ahead of time, multiple times.

Week 2 Day 3
+8.1 pips
 
Quote from AyeYo:


Then it feeds on itself. It's like being at the roulette table and calling three in a row while sitting out. You tell yourself, I can't possible get four in a row right. So you sit out again. You get four right and you get pissed at yourself for not playing. You tell yourself, well I got four right, there's NO way I'm going to get five right. Of course you get five right and the cycle continues. When you do call one wrong, it reinforces the idea that you need to keep sitting out and the cycle continues with new intensity.
More...

Sounds like you know this from experience. :D
 
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