kvr1966 wrote: ↑24 May 2022, 11:18
Filtered the seed signal on GBP-USD, as the impulse was one huge candle, very climactic.
Just got back from Gym. And I see a 2 banana as well. Same thoughts
Back in the days when training, I would FORCE myself to take setups as long as rules aligned. But over the years I have learned to trust my intuition. So I have two mechanisms. One, the objectivity of the Set-up. The next is, how do I feel about the Setup. If I'm not excited about it, I will NOT trade it or I will trade it with lower lots.
There is an Up trend developing on the D1 chart. I appears that price retested the Seed, as it does. Not just the seed but the previous swing highs. confirmation that the bulls might be still in charge.
I still stand with my decision that the impulse was way to climactic and I filter the Banana #2 and the seed after that too.
And thank you Immy for explaining the extra info, that adds to the good feeling I have to ignore these signals.
kvr1966 wrote: ↑24 May 2022, 11:18
Filtered the seed signal on GBP-USD, as the impulse was one huge candle, very climactic.
Just got back from Gym. And I see a 2 banana as well. Same thoughts
Back in the days when training, I would FORCE myself to take setups as long as rules aligned. But over the years I have learned to trust my intuition. So I have two mechanisms. One, the objectivity of the Set-up. The next is, how do I feel about the Setup. If I'm not excited about it, I will NOT trade it or I will trade it with lower lots.
There is an Up trend developing on the D1 chart. I appears that price retested the Seed, as it does. Not just the seed but the previous swing highs. confirmation that the bulls might be still in charge.
I still stand with my decision that the impulse was way to climactic and I filter the Banana #2 and the seed after that too.
And thank you Immy for explaining the extra info, that adds to the good feeling I have to ignore these signals.
Hi
I suggest that you DO NOT trust your FEELINGS unless and until you have around 500 Banana Trades under your belt. I have around 5000 , maybe alot more.
Intuition needs 5000 hrs to develop. 5000hrs (rough guide) of disciplined training and application of the method , no matter what field.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
kvr1966 wrote: ↑24 May 2022, 11:18
Filtered the seed signal on GBP-USD, as the impulse was one huge candle, very climactic.
Just got back from Gym. And I see a 2 banana as well. Same thoughts
Back in the days when training, I would FORCE myself to take setups as long as rules aligned. But over the years I have learned to trust my intuition. So I have two mechanisms. One, the objectivity of the Set-up. The next is, how do I feel about the Setup. If I'm not excited about it, I will NOT trade it or I will trade it with lower lots.
There is an Up trend developing on the D1 chart. I appears that price retested the Seed, as it does. Not just the seed but the previous swing highs. confirmation that the bulls might be still in charge.
I still stand with my decision that the impulse was way to climactic and I filter the Banana #2 and the seed after that too.
And thank you Immy for explaining the extra info, that adds to the good feeling I have to ignore these signals.
Hi
I suggest that you DO NOT trust your FEELINGS unless and until you have around 500 Banana Trades under your belt. I have around 5000 , maybe alot more.
Intuition needs 5000 hrs to develop. 5000hrs (rough guide) of disciplined training and application of the method , no matter what field.
That's a good point. Feelings are not objective.
I'll put a Limit Sell on the 2nd seed, let's see what happens.