Who has the same interests as you? Quick answer: Nobody. One of the biggest problems that newer traders are going to run into is that there is a deluge of information out there for the financial markets. However, one of the things that they never ...

Clockwork 71's Psychology Thread

True.

Clockwork 71's Psychology Thread

Thank you!

Clockwork 71's Psychology Thread

Why exit a position? There needs to be a reason. I think one of the biggest issues that I ever faced was how to exit a trade. While most systems or educators can tell you how to enter a position, the exiting of the position is much more difficult. ...

Clockwork 71's Psychology Thread

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Silent Service Method

I can agree with that, but you must be able to accept the fact that you can still be wrong. Also, you should have a certain amount of experience before grading any set ups. There is no alternative to experience.....

Clockwork 71's Psychology Thread

I think that the NZD/USD pair could be interesting. The 200 day EMA is just under, and we formed an ugly bearish candle. If we break below and close below that 200 EMA, then this pair falls significantly. I suspect that's the case, and we have seen ...

Silent Service Method

There is still no reason to think we are bouncing. The last couple of days have seen more selling. 1.22 makes a lot of sense based upon the triangle... image

Silent Service Method

Trading isn't difficult. So one of the hardest things for a trader to understand is just how simple trading is. I know this seems a bit counterintuitive, but follow me for a moment here. The average new trader gets excited by the world of finance, ...

Clockwork 71's Psychology Thread

Thank you so much for the kind words. And yes - we are still learning. If you really want to see how bad things are under the surface - try day trading futures. All of those initial bad habits come right back. That's my latest argument with myself. ...

Clockwork 71's Psychology Thread

My current gbp/usd chart: A triangle, if we break 1.27 - 1.22 is roughly the target.... image

Silent Service Method

Whose interests align with yours? This is probably the most important question you can ask yourself when it comes to trading. This will be a little bit less about psychology, at least as far as taking a particular trade is concerned, and more to do ...

Clockwork 71's Psychology Thread

Thanks mate......I also have a thread in commercial called "Clockworks Psychology Thread" that I will be adding to often.

Silent Service Method

Who? What? Where? I don't pay too much attention to this thread anymore - its years old and I work full time in the currency markets as an analyst and trader......by the time the afternoon rolls around - I don't think about FX. Chris

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The Red Wings? That's too bad. :-) Anyway, yes the psychology of a trade is the more important aspect to pay attention to. The ability to trust yourself and your system/analysis is the most important thing to master in my opinion. Take a look at ...

Clockwork 71's Psychology Thread

I am pissed my name hasn't been mentioned. (At least I haven't seen it yet.) I feel slighted.

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The "Pinbar Fallacy." One of the things I think that really got me into trouble, and I suspect so many others, is the idea of a perfect signal. What I mean by this is something that seems so reliable, and you suddenly get that 'ah ha' moment - or at ...

Clockwork 71's Psychology Thread

What I am watching today......AUD/USD image

Silent Service Method

Probably better for it to be honest.....keeps you focused on the trend, etc.

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