You are not a Forex trader, but rather you are an observer of market movements
You are an observer nothing more and I want you to take that piece of paper this post – a note and I want you to put it on your screen or somewhere that you can see it every morning when you wake up to trade and I want you to look at that and if you don’t, you will continue to trade the way you were trading But I guarantee you when you simply make this little mental adjustment to just put your mind to change the way you look at your trading, your life and your perception of reality you become an observer of the things that are holding you back in Forex.
You are not a Forex trader, but rather you are an observer of market movements
Wanting to be right Wanting to be wrong or not wanting to be wrong Wanting to make money Not wanting to fail Your parents Not wanting to know that no one completely falls out of the window Because you are not anyone except the observer When you come to have to fall Charts every aspect of your life out the window, and if you have something going on in your life that is influential, you shouldn’t trade if you can’t get into the mindset of an observer because something else in your life is more or more profound.
You should know that it controls your mental capacity, you should not be trading, so every time you enter the market every time you trade I want you to look at this paper and I want you to remind yourself today I am an observer no more and I want you to be aware of this next week.
How you trade when comparing Forex trades
I want you to look at how you trade I want you to recognize and compare the differences in how you trade when you compare and you simply understand that you are the observer versus your actual self when you trade as an observer versus yourself I want you to see the differences in how you trade well so going into tomorrow let’s get to where we are Depending on what happens in the overnight session tomorrow again keeping that in mind we have these even lows that are still in place here, this will eventually become forex trading.
This will be an area that we target and we will come back to take these lows it’s simply a matter of time but again we are observers my goal is not to be overly focused on random equal lows to say oh I think the price is going here when the market is simply not telling me this is what you want to do now I have no idea if we want to come down here.
I know it’s a possibility but being an observer why would we go down now there’s nothing here to tell me that’s what the market is going to do so for now it’s just an idea if we end up waking up tomorrow morning and start seeing more structure to give us this identity and reason for the price to go here.
Framing a Forex deal based on graphical indicators
Perhaps we can simply view it as a confidence bias and we can then look to frame a trade based on that but until we have that, there is no reason for us to go into the morning next week, I am focused on what will happen in the first couple of days because now we are back up again. Our levels at all.
When we get back to our all-time highs I don’t like touching the market because there’s not enough structure to tell us what the bias should be, we need to create a range we need more structure we need more internal bias for whatever we’re going to do until Monday I expect it won’t happen A lot and I expect it to be more random and more random in the sense that whatever it is the initial step will be to prepare us for a framework later this week.
Do not trade before reviewing Forex market news
Let’s take a look at the news on Monday we have the Empire State so we have a red folder Tuesday retail core also looking good Wednesday is an interesting bank usually Wednesday Wednesday as a quality bank is very interesting so we won’t trade on Wednesday wait is the bank is gambling that’s okay Thursday We have unemployment claims and on Friday our PMI is pretty much up.
We are looking good this week besides having a bank holiday on Wednesday so my plan this week is to decide if you want to trade tomorrow we have a red Newsday folder We don’t have any live trading on the schedule for tomorrow morning so decide if you want to trade tomorrow.
Wanting to trade Forex tomorrow
If you want to trade tomorrow, I ask you to ask yourself this question If by looking at the market now, you cannot understand what we want to do in price, what makes you think that you will know when you wake up tomorrow now we can have more structure between Overnight we could have more overnight.
You know overnight action gives us a better understanding of what the price wants to do that’s true but in terms of the model we need a lot of structure to give us a confident bias and if you are making forex trades without a confident bias then you are breaking your habits.
Summary
Why put yourself in the situation to break your Forex habits That’s why align with your environment and understand the way you’re going to take it Make emotional decisions This is the first step to decide whether or not you’re going to put yourself in that environment Now doesn’t mean you can’t make an amazing trade tomorrow because Once again, observers, you do not know what you are going to get until you see it in front of your face, but ask yourself this question and say, well, are there any advance precautions in Forex?
