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Old 01-23-2007, 01:51 PM
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swordofrue swordofrue is offline
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Default entry on the retrace?

Hello everyone,

Wondering if someone could help me out with my trades. Over the past few days I have been making good trades during London session. However, every time I try to trade New York it doesn't work out for me. Usually London will move EUR in a direction and then there will be a pullback during New York and I try to ride that. However, every time I enter those trades I don't feel very confident in them and get out of them a few hours later at break even. I guess I am not confident in my trading plan. I think partially why my London trades work is because I analysis the charts put in a market order and then go to bed. Then I don't have to think about it and watch the position go in the negative and back to positive over and over. I do not know how to resolve these psychological issues. I don't want to have blind faith in my trading system, but it just is not working out for me during New York session.

If anyone could provide me some wisdom I would be greatly in debt to you,
Thanks,
--Nate
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