Friday 9/18 was a range bound day.
My first inclination on a range bound day is to wait and watch for a breakout.
Friday it never happened so I waited and I spent 8 hours watching with zero results. Not good when I have a month's end goal of $58 million. Now that goal gets pushed out to Friday 10/2.
The FRO signaled 8 good trades but I distracted myself with things like focusing my attention on the 800 tick chart. The 800 had so many false alarms that I gradually lost faith in it.
Meanwhile the rest of the 'team', the 8000, 4000, 3000, 2400 and the 1597 tick charts were all quietly trying to get my attention to take 30 points worth of good trades.
Classic mistake.
Why?
I was afraid to make a mistake so I cranked-up the 'microscope' and zoomed in so tight with the 800 tick sensitivity, that I lost sight of the bigger (far more relaxed) picture.
There is not an external distraction around that can stop me from profiting like my own fear driven, self-distractions.
Look at the charts and the cross-confirmations below and you'll see all the classic buy/sell signals begging to provide a 'payday'!
My first inclination on a range bound day is to wait and watch for a breakout.
Friday it never happened so I waited and I spent 8 hours watching with zero results. Not good when I have a month's end goal of $58 million. Now that goal gets pushed out to Friday 10/2.
The FRO signaled 8 good trades but I distracted myself with things like focusing my attention on the 800 tick chart. The 800 had so many false alarms that I gradually lost faith in it.
Meanwhile the rest of the 'team', the 8000, 4000, 3000, 2400 and the 1597 tick charts were all quietly trying to get my attention to take 30 points worth of good trades.
Classic mistake.
Why?
I was afraid to make a mistake so I cranked-up the 'microscope' and zoomed in so tight with the 800 tick sensitivity, that I lost sight of the bigger (far more relaxed) picture.
There is not an external distraction around that can stop me from profiting like my own fear driven, self-distractions.
Look at the charts and the cross-confirmations below and you'll see all the classic buy/sell signals begging to provide a 'payday'!
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