Quote:
Originally Posted by Libros
Do you have any idea why dollar is weakening?
i think it will go to 2.04xx and turn when it reach 2.05xx.
i've know it when it reach near 2.xxx two weeks before and not trade this bcs of fear, in that time the chart show reversal. and hitting stop later if i trade on that time. but, it was burn up again  is it stop hunt?
so i miss the chance.
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Libros, there s no chance in trading....build your own trading system and trade according to it, leave chance and hope to casino and god worshipping-
same for fear : your tradin system will remove fear from the "trigger pulling" process >> to achieve this u also need to work on your psychological profile : what triggers fear in you? try and answer this and you ll see some improvement.
finally, dont try and guess : noone can, if they say they can it is just abundant lie. whenever you try and guess you are just trading with a random system which is the worst you can do in trading -- the aim is to go from a random system (50/50) to a higher probability system. Best system may achieve 60 or 80, but then you have something else : you could have a low prob system that will give you high reward : like you got it Wrong 4 out of 5, which is very low (20% win) but once you got it right you make a killing and succeed in catching the big one....
cheers
exni