remove your indicators.
Get rid of your news feed.
Turn off cspan.
Stop hoping.
Stop assuming.
Stop praying.
Just stop.
You will never be able to predict market movement accurately. Ever.
Your indicator. Your news feed. The talking heads on tv. All they do is give you a reason to think you are educated about the decisions you make. It is false confidence and it doesn’t work for the mass majority of retail traders.
Price is never oversold or overbought. It simply cannot be. It is just price.
The non-farm payroll report didn’t help you any bit this month than it did the last, regardless of your results. You were simply gambling.
When price touched the 100 ema, did you make a decision simply based on that because price is somehow supposed to react to it every time?
Or maybe it was because you used a combination of the two, or even more methods of analysis to render a decision on a single trade.
Stop it. You’re complicating this.
While you spent 20 minutes figuring out a trade for one pair, i was monitoring 25 pairs and making decisions on them in the same time span.
There is only price. And price moves. Price moves because there are buyers and there are sellers. That’s it. We don’t move price. We shouldn’t care who moves price. We just want them to keep doing what they are doing so that price keeps moving. The more it moves, the more opportunity we have to step into the market, dip our cups in the stream of money, and step back and soak in the rewards of our efforts.
Forex is simple. It is not easy. But it is simple.
It is you that is complicated. So stop it.