Recently I have noticed more and more about traders saying things like, well yes that system is all well and good but I don’t get enough setups every day!!
But to prove the point, just look at that EURUSD today, a messy 50 pip range at best, as a trader you have to learn to leave it alone, remember all the sayings like - When in doubt stay out, Make hay when the sun shines, but when it’s raining stay in doors and do nothing, etc etc etc…
Take my 15M VSA strategy for instance, 2 nice setups yesterday, trending market, piece of cake, very nice profitable safe trading, today - nothing, but just look at the chart, it’s totally messy, the best thing to do is leave it alone, maybe the ADP will make it jump a little maybe not, but for those of you looking at the shorter timeframes like I do, don’t even bother trying to size up a Fib on it, take the day off, forget about it, do some meaningless postings on babypips.com or something, but just don’t try your best to lose your money!
It can so easily be done, that’s why you need to be 100% clear with your trading strategy, if it’s too subjective you can easily lose control as you say.
yep its best to stay out of messy days. you can easily hit ure stop on those days its suicide.
basically u have 5 days and 1 sat morning(or sun evening for some) to make money. that means there are about 15 sessions per week. you don’t need to trade all these sessions to make money. just a few positive sessions per week would be enough to make ure weekly gain… stay out of ranging type of sessions. no system makes money in a ranging market
Its been a great couple of days off the hi/lo swings on EU & GU. I would have liked a little higher on GU tonight but Ill risk it… Short off GU at 1.6063, SL 1.6078 & TP 1.6026. Its Asian after all. :60:
