Hi all,
this is my first post here. I am reading through VSA 1 and 2, not finished with 2 yet. I really appreciate your work and all. I am new but VSA seems to me the way of the force. I just do like that there is a logical explanation for price action. I think some of yu are great traders here and I learned a lot from your posts. Thank you for that.
Now in the meanwhile I do paper trade forex - for I have little capital in the first place, but lately I figured that I can use the strategy tester in MT4 (I have order script and everything so can monitor and record my trades accurately). It is faster and I do not need to be out on the weekend. I am trying the GBPJPY pair on 5m.
I do understand the principles, but it is hard to read the market, hard to recognize things.
I some 17 trades and I managed to be with a small profit. But only because I was lucky. I lost mostly just had a big lucky trade, possibly past news event of sudden 200 pips movement in my favor. I did not know what is wrong, and I realized that these trades were on the same day!
I concluded that for some reason I want to be in the mkt all the time, I want to force out set ups from the mkt. One accurate profit trade would make me happy a day.
My question is how to overcome on this thing? How many trades are reasonably for a newby like me a day? I think I would do way better if I just took the trades with very clear background and indications. Should not try to trade all the time. I can not possibly catch all movements and be in profit.
So I have a likely mental obstacle here. What do you suggest?
Thanks a lot!