tag:blogger.com,1999:blog-2355868876301075047.post7230386402080376671..comments2023-07-06T11:39:00.719+01:00Comments on Forex Intraday Trading: Lack of real motivationFXhttp://www.blogger.com/profile/07680743908250462866noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2355868876301075047.post-37391829875850939702008-06-23T15:41:00.000+01:002008-06-23T15:41:00.000+01:00The news was:German Ifo Business Climate Indexand ...The news was:<BR/>German Ifo Business Climate Index<BR/>and some other European numbers which all came below expectation. I use forexfactory.com calendar to see when are important news. It's quite good calendar. It have color coded news events so I know when to be out of the market especially for GBP news.<BR/><BR/>http://www.forexfactory.com/calendar.phpFXhttps://www.blogger.com/profile/07680743908250462866noreply@blogger.comtag:blogger.com,1999:blog-2355868876301075047.post-81583726807523485042008-06-23T15:06:00.000+01:002008-06-23T15:06:00.000+01:00No problem, I completely understand. When I have a...No problem, I completely understand. When I have a trading slump and my wife tries to help me I often tell her the same thing "Its up to me, but thanks for trying"<BR/><BR/>I see that you had a good day after this though. That news release had some direction behind it, do you know what it was about?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2355868876301075047.post-29407907782518145742008-06-21T19:23:00.000+01:002008-06-21T19:23:00.000+01:00Thanks for great comment. I agree on all, especial...Thanks for great comment. I agree on all, especially on that I'm trying to call the market. No need for that because the point is to make profits and not to be right. You are wise when you say that profits and losses are choice. That's true for anything in life, so it's for trading also. I remember in market wizards book that Ed Seykota had that point of view.<BR/>Because of that all I'm not so down on my poor trading lately. Thing that bothers me more is that motivation problem. To make money is no good reason and I fail right now to make progress. On that point I can't get help of others because it's personal thing. I don't have much to say about it all.FXhttps://www.blogger.com/profile/07680743908250462866noreply@blogger.comtag:blogger.com,1999:blog-2355868876301075047.post-6147096303498351322008-06-21T16:37:00.000+01:002008-06-21T16:37:00.000+01:00Hey FX sorry things are stagnant for you at the mo...Hey FX sorry things are stagnant for you at the moment. there is a quote this reminds me of "If one does not know to which port he is sailing, no wind is favorable."<BR/><BR/>At least you understand and see that its lack of motivation. This may sound weird, but I think profits are a choice, and losses are a choice as well. In my analysis it seems that you are trying to call the market as if you know what it will do. Do not forget that anything can happen at any time. At this small time frame of trading that we do, much of it is random noise heading in a general direction that is only able to be seen clearly in hindsight. All over the network traders are changing price for many different reasons or even perhaps for "no reason" such as yourself. Always zoom out before zooming in. Think on all levels of execution, long term traders, where do they want in at? what do they see in this market? What does a fade trader see, is it nearing a top of the range? Are there stop orders on the other side of price that traders are going to hit? Every such question should be considered at all times and that is what makes our job even harder. Just trying to give some constructive criticism to a fellow trader. take care and do some self study.Anonymousnoreply@blogger.com