foxlac wrote:
Mark,
Many Thanks for the feedback.
Definitely will review the chart and the Tutorial to improve and will post the DOK again.
With pin bars, Issue I find sometimes is there are not many and then the psychological factor makes me enter trades that normally wouldn't had taken. This is one of my goals following your WRB concepts: to be more objective on trading.
Cheers,
Luis
Hi Luis,
Its absolutely critical you develop patience to wait for the appearance of valid trade signals. Without it...no trade method can fix that.
Thus, WRB Analysis does not fix psychological trading problems. In fact, I don't think any kind'uv of trade method can fix psychological trading problems. It really is something that we traders need to resolve on our own because its not something that's taught.
That's why we can learn a strategy on our own but a strategy does
not teach someone how to trade.
My point is this. Objective trade methods does not imply you will not wake up one day and decide to take a trade that has no valid trade signal. Objective trade methods does not prevent over trading. Objective trade methods does not prevent someone from misusing leverage and so many other things.
The only way objective methods can resolve some discipline issues...it must then be automated as in automation trading. I've met a few guys that their discipline problems was so severe and so deep that it was not fixable. They eventually developed automated trading systems to take the emotion out of their trading.
Regards,
M.A. Perry