thanks it takes a lot of effort to post
trading is an opportunity because you can customize it to your needs :it is like getting a job that fits what you would want exactly.
my method fits my needs wants and personality, as i see it.
if i use Tiger's golf clubs i will not play like him. you have be yourself and only in the markets you can do that that is why i am here
But the problem padutrader is after 20 years you have trained your brain to look for trades that will fail. This is how I believe, my brain is the bottom of my foot, I wear shoes and after awhile the shoe has conformed to my foot by pressure and brain is all happy, but you have trained your brain that no matter how bad the old shoe becomes to the point of cutting your foot entirely up, you sticking to those shoes. You get another pair of good shoes, but your bottom of your feet don't like them even though they will not destroy your feet, your brain is very unhappy and giving you pain. This is similar to when you might enter into a profitable trade, I bet you have all kinds of emotions going on ?
Way too often people do not realize they love to lose cause that has become their habit by doing it so much and it very difficult to change ingrained habits. Like the trade you had on the chart, you knew where upper resistance was and you feeding yourself lies of calling it Momentum cycle which no one could see as momentum was going up. Are you more concerned with missing the trade? The one of the fewest areas we can control is risk and not profit. Have you tried instead of looking for profit first is concentrating on risking the least and don't care about the profit, so risking the least means we have to physically see price bouncing off resistance then enter. But if like on one minute chart, there is a close above the resistance, that not showing weakness.
Am not trying to offend you in anyway, we all been down this tunnel and sometimes thinking about it in different way might aid you to consider other ways, otherwise what is the point of anyone helping you?
I actually see it 180 degrees opposite of how you see it. "trading is an opportunity because you can customize it to your needs :it is like getting a job that fits what you would want exactly."
I found it better to understand what charts are showing and I adapted to the markets needs which is usually against what is logical. Like the ES went up 30 plus points, most would hope for it to go higher and yet I saw it as time to sell short cause of H&S, has nothing to do with how I want to trade it at all. It went up way to fast and most likely come down as fast too, so unusually Friday.
If you keep losing, you have to make radical changes to your habits.
I don't understand why so many people do not understand that. It is pure logic, not rocket science. But for some "elitetraders" that seems to be already too difficult.
but...it started a little later see this chart