Hi All,
This is my first thread in TJ.
Intention of this dairy is to become disciplined myself + to get different views from seniors - so that i can correct my entry and exits in future...
First of all I will try to give my trading rules...
1. Purely intraday trades only BNF 1 Lot
2. Entry in the direction of 1H chart + MACD Histogram
3. Will enter once 20m chart is broken up/down
4. Will exit once there is a visual pivot break in opposite direction of trade in 2m chart.
5. Will book profit if there is a 40/50 point profit.
My problem is psychological. once I enter, Fear and Greed comes into play. Most of the time i exit with break even , the market rally in the direction of my trade. But if i wait the market just punish me...In order to make me stick to the rules this thread
Basically unable to follow the rules. So I have made these 4 simple rules and will try to follow next 10 trading days. and find out the result.
All seniors/fellow traders - Suggestions and Advises and Analysis MOST WELCOME:thumb:
Thanks in advance to all
This is my first thread in TJ.
Intention of this dairy is to become disciplined myself + to get different views from seniors - so that i can correct my entry and exits in future...
First of all I will try to give my trading rules...
1. Purely intraday trades only BNF 1 Lot
2. Entry in the direction of 1H chart + MACD Histogram
3. Will enter once 20m chart is broken up/down
4. Will exit once there is a visual pivot break in opposite direction of trade in 2m chart.
5. Will book profit if there is a 40/50 point profit.
My problem is psychological. once I enter, Fear and Greed comes into play. Most of the time i exit with break even , the market rally in the direction of my trade. But if i wait the market just punish me...In order to make me stick to the rules this thread
Basically unable to follow the rules. So I have made these 4 simple rules and will try to follow next 10 trading days. and find out the result.
All seniors/fellow traders - Suggestions and Advises and Analysis MOST WELCOME:thumb:
Thanks in advance to all