M1 EURO
First trade after Globex Open worked fine then I checked W1 and got it into my head that I should be selling so I took my first signal and then totally lost the plot!. Instead of getting out at PASR as per my normal trading style with a small loss, my Little People were convincing me this was a minor pull back and that PRICE is heading down to my RED DASHED line/Fib Target. Watching my draw down get REDDER and REDDER, I finally came to my senses and recognised PA and got out before hitting my full stop loss. While it only represented a 14% loss of my first trades, it was a huge wake up call for me as I can't remember when my Little People last interfered with me. Similarly, I can't remember when I last considered W1 so I have deleted it, never to be seen again in my M1 trading.
First trade after Globex Open worked fine then I checked W1 and got it into my head that I should be selling so I took my first signal and then totally lost the plot!. Instead of getting out at PASR as per my normal trading style with a small loss, my Little People were convincing me this was a minor pull back and that PRICE is heading down to my RED DASHED line/Fib Target. Watching my draw down get REDDER and REDDER, I finally came to my senses and recognised PA and got out before hitting my full stop loss. While it only represented a 14% loss of my first trades, it was a huge wake up call for me as I can't remember when my Little People last interfered with me. Similarly, I can't remember when I last considered W1 so I have deleted it, never to be seen again in my M1 trading.
15 YEARS OF PASR ON FOREX FACTORY!
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