I had some real trouble with two USD pairs. There were both buy and sell signals, and I seriously didn’t know what to do. I was going back and forth.
I consulted my strategy, and I couldn’t figure out what I should do. In the end, I waited an hour and kept watching to see what direction it started going in.
I had a reversal signal, but then there was a contradictory signal. So, do I follow the reversal signal or the contradictory signal? I seriously got stuck.
I ended up following the contradictory signal. Basically, if price reverses, but then there’s a contradictory signal, then the contradictory signal invalidated the reversal signal.
It’s all in my strategy, but I was too flustered and filled with emotions to see it clearly right away.
The contradictory signal was a little weird, so I doubted it. And that doubt drove me nuts!!!
I feel embarrassed to even talk about this, because it’s such an easy problem, and yet I’m having so much trouble with it. I’ve been practicing with contradictory signal this weekend.
My doubt was really making it hard to follow my strategy. My strategy says:
contradictory signal? take the trade
These instructions could not possibly be any clearer!!! I shouldn’t have to go back and forth about it. I reversed my direction THREE times! What’s the matter with me???
But, in the end, I followed it. I’m respecting my strategy. But, I did cheat by waiting see what the candle does. And that’s a terrible idea because you can’t trust an open candle. I wanted to follow my strategy but I was scared.
I’m going to keep practicing. I guess this is progress, even though it doesn’t feel like it at the moment.
I want to get more confident in my strategy. Well, the strategy is fine. It’s just me. I need to learn to…
I need to… what? Learn to be brave? No…
I think I need to learn to follow the strategy and not question it. Follow the strategy, take the trade (or stay out, based on the trade), and move on.
No going back to look. Yeah, this is definitely progress. Made the decision based on my strategy, even though I cheated a bit. But in the past, I would be so flustered that I didn’t even look at my strategy, or I looked but did the opposite. This time I followed it.
My decision process has to be better though. I’m gonna keep practicing. I see what I should do, but when a candle first starts, it often pulls back slightly. This makes me think my strategy is mistaken and price is gonna continue in the opposite direction.
Have faith in the strategy, young padawan. Shed all doubt.