Your whole post made so much sense to me, and I only became profitable when I switched to 1hr/15min!
I find the live room crazy too and I have lots a lot of pips jumping into something on impulse that I don't follow. Now I just switch off unless they are talking about something I am interested in and it works.
I hope you stay!
Nicola
Quote:
Originally Posted by stratocaster59
I knew it as soon as I went on there - I was getting caught up with the frenzy of those guys wanting to be in every trade going and ended up making trades I shouldn't have and making trades based on other people's decisions. I could feel myself going backwards fast into that black hole again.
I also learned that while I was profitable using the M15/M5 combination, I was having a hard time deciding which squiggly line to ignore and which was going to be a retracement or a rally - way, way too stressful for me. I have now moved over to trading M15 and it is more profitable, more consistent (even with GBPJPY) and definitely less stressful. For a guy that just celebrated his 3rd 20th birthday this June, I can do without that thank you. So now I am trading H1 and M15 in addition to the Daily and am looking at changing the Daily for H4 and then having another separate account for the Weekly.
BE PATIENT AND LET THE MARKET COME TO YOU
Strat
Since this post, I have joined the fx500Club but again you won't see me - I'm just in the background - still learning and earning.
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