Sir! Time-frame...yes time frame!

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Well he is the man. Get the workbook...it will help.

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4hour: PH: 1.3951 PL: 1.3880

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I can't see it. The GU is support by some good demand at the current level. It might get to 3873 but that's it. Any lower and I see downside continution 1st target at 3855.

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I'll wait for my 4hour PH/PL at 14:00ish to determine if I'll hold until 18:00. Not exactly an easy money day although I'm up based on a few GU scalps this morning.

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I'm still long. 2% at risk...a business expense (worst case scenario).

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Are there any statisical studies of H&S formations publically available?

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I've almost run out of reasons to hold this long. The volty is broken...everything else is point down. I'll check hourly PH/PL: PH: 1.3923 PL: 1.3893 I'll hold.

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2nd thoughts. I guess you could wait for the break of the upper TL on the 5m for added confirmation.

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Sorry---ignore 'you' and assume I said '80% of traders.'

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I think you are spot on in the interpretation of the indicators. I'm still long from early this morning thus my setup is still valid.

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That's a pity the psychology of trading is very important. Subconcious programming only takes place at the height of emotional arousal thus it's unlikely that I'm actually reprogramming as it isn't carried out under duress or excitement. Given that ...

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The situation doesn't look great from where I'm sat but I'll just trade the plan.

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Me neither.

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I respect your view but it really is about combatting the subconcious rather than the concious (to which you are referring).

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Trading overconfidence eminates from the subconsious. Most of the time we don't even realise that we are gripped by it until we are in negative pips. At the subconsious level taking a small loss maintains a steady state...well it does for me anyhow.

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It is actually hard to allow it to happen. But that in itself raises some interesting questions about oneself. Long winning streaks are destablising for many traders. The emphasis moves (insidiously) away from perfect execution to maintaining the ...

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Dude, you sound far too upbeat. PUNISH YOURSELF...Tie that arse to a demo trading seat for at least a few days.

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Yep.. I have the GU and EU charts up. You may not believe this but I actually deliberately break a winning streak by losing small. Winning streak in weeks don't count!

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My friend. It isn't a great place where you're at right now. I've been there more times than I care to mention and I wouldn't wish the feelings on my worst enemy (just death). But this could be the beginning of something great which will make your ...

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