Here's an Idea on How to Keep Out of Choppy Markets

"It is absolutely necessary to have an edge."

Jack D. Shwager
The New Market Wizards: Conversations with America's Top Traders [Paperback] 1992

Wouldn't it be nice if you could get money to flow into your head continuously? Or else, maybe I could get ideas that would make me money all the time - instantly.

Fear and an Earlier Counter-trend Entry on EURUSD 1Min ...creates a Reverse Trifecta.

"You can use your fear as a cue to examine your trade more deeply and adjust your confidence in the idea, up or down."

Brett N. Steenbarger
The Daily Trading Coach: 101 Lessons For Becoming Your Own Trading Psychologist, 2009, (Wiley Trading)

I have been working hard at reducing fear when I take my trades. Fear creeps up on me - usually after a losing streak. Come to think of it, even after a winning streak because I am wondering when I will give it all back.

Swimming upstream, and following the flow of the market.

Salmons swim upstream, re-adapt their bodies to fresh water and then they spawn.

My trading life is not as dramatic as the Alaskan salmons. I certainly am not looking to spawn and leave my body as bio-fuel for my kid. I just want to collect some pips. But there are times like today when I do change my spots and go with the trend.

In all honesty,  I was waiting for a counter-trend trade...

I'm fighting back ...in the direction of the trend.

"What counts is not necessarily the size of the dog in the fight - it's the size of the fight in the dog." ...Dwight D. Eisenhower

For the last week and a half, I have been having some pretty strange trading days. It's been a roller-coaster ride with break-even days and loss days.

Notice I didn't say win-days.

Camping out with a counter-trend $EURUSD on Monday morning

.Trading is a lot like camping.

You pick a spot. You set up a tent. And you might even build a fire.
Really, all you want to do is to enjoy the great outdoors.

But.....sometimes there are bugs. Sometimes you can't find a loo.  And sometimes it even rains.  Sounds familiar?

All Hallows "AUDUSD and EURUSD" Eve

What-up $AUDUSD?

What is up with the $AUDUSD?
London markets opened, US just opened. $AUDUSD is just sitting there and resting on that EMA62 fence. Kinda like Humpty Dumpty before the great fall?

Where's $AUDUSD going today?

Hey you  $AUDUSD, where are you going? Can I follow you down?

 Hi, it's just after London open. Here's the picture.

1. Boss reading at 866
2. Since the morning Asian Session, it has traded up about 170 pips (more as we speak)
3. I've put in my trendlines - so it's a question of whether they will break?
4. And will stochastics stay overbought for the SELL down.