to do right away. I'm paraphrasing here, but the student was basically saying that he sits down to trade and he gets lost in the charts and never ends up knowing what to trade and he feels helpless in spite of the fact that he has done is backtesting. Whenever this happened to me, I was basically getting screwed by Buridan's Ass. That second observation should be enough to dissuade you from taking the trade. The first step is acknowledging that you do have a problem. If I missed something or if you have something to add, dont hesitate to leave a comment below. Here's what I mean, what is Buridan's Ass? The bottom line is that you have to let trade setups come to you. Thats true about 80 to 90 of the time.
Luckily, there are things you can do that will help you stay patient and only take the very best setups. Moreover, its about finding and taking advantage of quality trade ideas and leaving the rest for someone else to deal with. This is easy to fix. This is something that most people aren't willing to do, but you aren't most people, right?! Remember how frustrated you were?
The Most Important Price Action Formation
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The content of this article reflects the authors opinion and does not necessarily reflect the official position of LiteForex. That is just one way to do it, but find what works for you. There is TOO much opportunity. Secondly, the body of the candle must be centered within the whole candle range (between the high and the low). If you want to be a part of the five to ten percent of successful traders, you have to stop following the crowd. This implies to the price movement. Be careful though, you will find indecision candlesticks forming all over the charts. Final Words So there you have. They dont offer insight into whether buyers or sellers are in control, which leaves you guessing at the markets next move.