Quote:
Originally Posted by mbqb11
This was similar to the reason I passed on the nzd/usd 4hr bar but in hindsight the bar was fine and I think I was just a bit trigger shy(still happens to me and I try to just listen to my gut as much as possible during the time to enter the trade).
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Looking back on this one I feel the same. I have no problem with passing on a trade and seeing it go to the moon if it's within my rules to pass. And I certainly don't look back and judge whether I should have taken a trade by whether it "worked out", but I think I got gunshy with this bad boy (that was for you Mike :P). There was a lot of traffic but it was far enough away to watch for a reversal and the bar was fine. Sometimes when you trade as little as me (with these methods anyway) you can get gunshy after a few days without trading. Especially given the fact that discretionary trading can never be boiled down to an "if x and y then z" approach.
But I much prefer getting the "damn I should have taken that" feeling than the "why on earth did I take that" pit-of-the-stomach cramp.