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Old 16-08-2007, 19:59   #4 (permalink)
TRADE
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Re: What's Your Greatest Trading Challenge ?

sounds interesting, and in essence there are so many personal issue each individual trader is up against that no two traders have the same issues and obstacles to overcome. eventually we must all face our trading demons to progress,

mine was always the resolve to stick to my initial ideas as over time, time and time again my view had always proved to be correct, I can pick excellent trading levels for entry and exits but was always shaken out of the market far too early. either that or i would forget my initial plan and convince myself something else was happening and i should be trading that, i suppose the markets and their fractal nature are the culprits of this. it wasnt until my initial targets where getting hit, and instead of holding for the profit which did eventually materialise, i would have made many other trades in the time being resulting in loses, this was making me sick, how i could sabotage myself.

I trade on a longer time frame so i dont get tossed around by few traders or whoevers pushing the price around, 4hr charts, it now takes big money and intent to move the market far enough for me to say I was wrong. I accumulate my line slowly now over time, average trade duration is about 6 weeks swinging some huge lines and in some cases fully vested extracting a modest 50 pips on my average entry price.

this seems to work well for me,

usd/jpy had a HUGE day today a 475 pip range, what are the odds on that???
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