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Welcome to Raidz telegram group aimed to share and post: β’price studies β’Ideas β’breakdowns β’ mindset for 1-1 sessions You can reach at my telegram: @raidz_1
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https://www.tradingview.com/x/JaiGMsQo/ WE'RE overall bearish so i waited for a retracement closing the FVG on H4
https://www.tradingview.com/x/BA75Lgoh/ order flow showed the direction I only too advantage π―
i am monitoring how EU react since we have a FVG and Breaker coming out of the movement created today, this could mean lower prices, at the moment i am calm and expecting more info from the market
and yes it is my analysis, i just changed the lay out since i found this one to be more friendly to my eyes and easier to spot my areas :))
https://www.tradingview.com/x/HoHwUxrR/ eu is quite ranging, but we entered a HTF PD ARRAY, this is counter trend since we are bearish majorly, will se how this pans out over the next days
Why Do Traders Overtrade?
Gambling and excitement
The trader is trading the markets for excitement and for fun, rather than for profit; much the same as most people who play in the casino.
Solution
If your goal is purely to have fun and to create excitement, then you need to accept the fact that profitability is unlikely. If you want profitability from your trading then you need to make a shift in your motives and goals away from fun and excitement towards a more professional and structured approach, with trading profitably as your desired outcome.
No strategy
The trader has no defined strategy and therefore there are no parameters to determine when to trade or not. Hence, any given price movement or market move provides the temptation to trade.
Traders in this situation are very prone to chasing the markets and often find that, as they go long, the market comes off, and as they go short, the market rallies! It feels as if the market is out to get them. Does that sound familiar?
Solution
The most important area that you can focus on is to develop a trading strategy with an edge and a positive expectancy!
Boredom
In quiet market conditions, when the trader is spending large amounts of time at the screen, there will be periods when there are little or no trading opportunities. This is a natural part of trading! This is the stakeout scenario that the police and special forces encounter.
However, these situations present the trader with the challenge of being patient and staying out of the market. For some traders this is very difficult β particularly those who are new to trading, those who are trading for excitement, those who are over enthusiastic or those who need to make money!
Solution
If you are overly enthusiastic and perhaps new to trading, then you need to balance your enthusiasm of wanting to trade anything that moves with the need to develop your discipline to follow your trading strategy. Patience is a great skill to gain as a trader, so do not see not such fallow periods as time wasted, but rather as time well spent in cultivating this skill. Anyone can place a trade; keeping out of the market and not trading is far more difficult.
For the others, a really important question to ask yourself is, βAm I trading to relieve boredom or to make money?β
You need to make money; you are in a desperate situation
This is one of the worst emotions or positions to trade in. It is a strong and powerful state but also not conducive to good trading, as your whole decision making focus is on making money and not on trading your strategy, and the two are not always the same. If your strategy is designed, of course, to make profits β what are you doing abandoning it, in the hope of... making profits!
Solution
Assessing your financial needs and your trading performance is very important. Anything that you can do to relieve the necessity to make money will be a great step forward for you.
took this loss today, wasn,t very sharp , married one idea and didn't react to the market accordingly, but we move on
Reasons for entry :
Continuation of the down move , price took the PDL , Smt with a correlated asset (EU) , Raid on M15 time frame
With this much confluence you have to go for the jugular
