Not Forcing Forex Trading
June 16, 2006 by Trader Rich
I didn't force anything this week in my trading and I'm really happy that I didn't pull the trigger impulsively on any trades even though some may have been profitable. My automated trading gave me 22 pips this week and that was it. I had no other trades. I concentrated on chart patterns and BS'ing with a lot of other traders on Yahoo Messenger.
The Current Account and Michigan Consumer Sentiment reports were this morning but this week has been filled with such indecision that I decided to totally stay away from the market. I hardly even looked at a chart.
I feel like I've been teaching myself to be more patient with the market and the last couple of weeks have been good for me. I'm not sure when I'm going to manually enter a trade but the time is drawing near.
All of Rob Booker's students (me included) received an email today from Rob that went like this:
Good evening!
There is a new long term update in interactive form.
I also produced an update called "What the Crap Happened this Week?" to discuss how bad trading has been and why it's ok.
So furthur evidence that some traders had it rough this week… I have not viewed the video yet but if it is interesting, I'll let you know.
I hope everyone did well this week whether you traded or not.
Keep focused and hungry and hopefully we'll all make it…
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Rich,
What an awful week. In my opinion, you did great coming out ahead and not getting lured by borderline trades.
Not that I know anybody like that. Ahem.
:laugh: