I use to create alerts for setups that I would review at night. Then once the alert was triggered I would sit there and analyze the structure of the setup to make sure it still fit my system. I would then tell myself that the Currency pair wasn’t that good and if an alert was triggered for this other pairs, I would jump all over the trade. Sure enough, the alert would trigger for the other pair and I would enter the position. Since I am my harshest critic I would then follow the stock that I decided to pass on to see how it would perform. Funny enough 50% of the time the pairs that I thought was no good would outperform the pair I thought was a sure winner.

What this taught me is if my system presents me with opportunities that fit my trading parameters I need to take them on a first in first out basis because there is no benefit in further analyzing the chart. All I was doing was creating a tense situation for myself in which I was unable to make a decision.

Now what I do is set my alarms the night before and I have them sent directly to my email and cell phone. Once the alert has been triggered, I review the pairs just to make sure there isn’t some crazy event driving the price up or down at which point I enter the trade.

Taking every opportunity as they are presented to me allows me to trade in harmony with the market and not overthink the trade before me. This means I am trading in the moment and not trying to outsmart or predict what the market will do next.



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WaltM Premium
This is truly refreshing! Thanks for sharing!

All the best,
WaltM
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mybiz4u Premium
Great job! Thanks for sharing, Christopher. Thank you fo taking the time to present such a thorough article. I enjoyed reading it. I have been a trader since 1990 - stocks, currency, binary options- and yes, you are so on the money' with this post.It certainly puts things in perspective. Thanks again.
Michelle
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FxBinaryOpt Premium
I'm truly appreciate and over joy to impress a way more experience trader than me! I didn't know I could impact someone like you. Thank you!
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LouisaB Premium
Thank you!
That were put in perspective.
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DanielF1313 Premium
Thanks that was a really great read :) Have a great day!
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FxBinaryOpt Premium
You're welcome, Daniel.Thank you for dropping by! =D
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