I did struggle to have this post accross, as I kept receiving the message " your message is too short, please add at lieast 20 caracters". I added a whole paragraph to what was already almost a page but still at no avail. Don't know what to do around this. Finally I had to do some copy and paste before I could send.
Comme vous écrivez bien, Man!
I am always struck by the level of culture and correctness on english speaking forums. Cheers!
The late Jim Rohn was attributed with the saying: "When you know want you want, and you want it badly enough, you will find a way to get it"
Completely with you and Jim Rohn re the psycho side of things. Maybe I want it baldly but not enough . In fact I am aware that a good trading log can do must of the things a person can see over your shoulders, but I must still find a way against this inertia...
You may have noticed the activity in the USDCAD on Friday 21st January. After the data release, the pair fell 50 pips steadily, over the period of 30 minutes. It was not a violent correction, and entirely tradeable. I watched the move, but became distracted domestically, and missed an entry.
I was watching the pair you mention and ready to trade it on that release, but it didn't unfold as per my trading plan. There are many trading styles for news as you know, and the one successful here would have been spike trading, which I don't do for personnal reasons, one of them being I don't have an early news provider. I prefer to let the things calm down, the market digest the info and pick its direction, and only then take a position that can sometimes last for hours or even days. That same day, the retail sales from GB was tradable for me but I busy with my day job, so missed out.
You get that less often that with the spikes, but they can sometimes provide a complete trend changing that you can ride very far, provided you clearly understand what is going on, which is not always the case for me.
The main news this week is on the FOMC statement out of the US this wednesday.
We are very fortunate to have Rande Howell contributing regularly to our Psychology threads Trading Psychology - Traders Laboratory - Professional Traders Community
as well as in his own Blog on this site Traders Laboratory - Professional Traders Community - Blogs
The Blog section of Traders Laboratory is probably the single most under-viewed section of the site, yet it may contain thousands of the seeds that can boost your trading performance if planted in the right 'ground' at the right time. It may be worth trawling through the Blogs - who knows, you may be able to strike up a relationship with some of the very best traders around - no one else is talking to Bloggers.
I only joined recently, so I am gratefull you are pointing me to the right directions. I will take the time to visit the blogs, and try my best to profit the valuable lessons I am sure are hidden there.
Good day! Happy trading! Many pips all!