Intraday FX Player

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Quote from El Caballo:

I am more a position trader, but currently trialling day trading the forex markets (hence my interest in your journal). That taunting dilemma you just experienced - will it or won't it - is one of the supreme mental tests of day trading. I think mastering this element is a key to trading profitably in day trading.
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Yeah, the need to make decisions fast is what demands most skills in daytrading.

Usually my setups are pretty clear, but sometimes it really gets messy as yahoo noted...

Lately I tend to simply get out (especially if in some profit or a small loss) when situation gets uncertain.
 
Quote from yoohoo:

nah you did fine but if you decide to position and B/e or play aggressive then you'll feel better. Position play if PIB... and if fairly confident of swing possibility

Close to position for continuation down but it's messy
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Yeah, good idea. When I haven't earned anything for the day it's tough emotionally to ride the trade for long risking to b/e and exit with nothing.

But when made some profit, indeed, why not let some trade with a good potential to develop. I may not get my 4% in part of the trades, but also WILL get like 15 or more% on some trades. :)
 
trying for swings there are 2 must-take trades

others are iffy coz I was wanting more downside but the T/L is the issue.

Need a little higher for more energy down but long now looking short
 

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Quote from El Caballo:

CF,

I note in your profile you are a psychologist. Does your profesisonal background assist you in your trading endeavours?
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I have a psychological education (university) indeed, but didn't practice a lot, so not a big specialist. :)

Though it probably helps me in the way that I always tend to deeply analyze myself and find the cause of one or another action.
 
Quote from yoohoo:

based on 4 touches - trade what you see n not what you want
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First is clear to me, took it actually, but second (long) I don't catch exactly is based on what...
 
How often are retests for bigger swings... Indeed it's worth to enter early to sit through these big retracements without fear of being in a deep loss.
 
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