Quote from: RioBlemz on September 27, 2023, 12:39:39 PM

1) Series of Losing Trade

If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.

Honestly the emotion after a series of losing streaks prompt a trade to continue trading so as to recover those losses unfortunately most of those trades entry is not according to the trading strategy most of the time I do trade blindly unfortunately or consequently resulted to more losses understandable now that the best thing or remedy is to take a break.

Quote from: RioBlemz on September 27, 2023, 12:39:39 PM

2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

Truly trading in a ranging market is very frustrating except if the trader is a scalper, unfortunately one has to be an experience trader to become a scalper, ranging market is nightmare for swing traders, the best bet is to continue to observe the market till a fundamental news is released which would definitely move the market.

quote author=RioBlemz link=topic=5468301.msg62909349#msg62909349 date=1695818379]
3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.
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This is a very bad idea ie trading when angry it would lead to losing streak if care is not taken, in case of such a scenario the trader should never trade until the anger subsided.

Quote from: RioBlemz on September 27, 2023, 12:39:39 PM

5) When your set-up is not established

You know your pattern of trade and your set up more than I do. Once this set up has not been confirmed or has past don't trade. Don't help the market.

I two model of step up which I only implement if the price of the traded pair form that patterns or model once the setup is confirmed I place a trade with Stop loss and take profit target.