I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not having the right approach and risk management, fundamentals...that affect your trades
Neither technical analysis nor psychology works good when they are done individually.
To make the most out of the trades both of them are needed to be used together.
I have personally carried out both individually as well as together and tested it and it works well when both are combined.
You would really be able to find out for yourself on how things should really be done. Im not saying that you would really be needing to make it use individuall but rather you would really be needing on using up both at the same time. Why? You cant really just focus on a single point at the moment that you would really be doing trading. You cant just think up about TA but rather you would really be needing on getting lined with your emotions or simply with your psychological conditions on which you will really be needing up those considerations too. This is why at the moment that you would really be doing trading then you should really be that focused and of course making use of any possible analysis on which you could really be able to apply into and not really just confidently doing up positions without proper planning.
We do know that this market cant really have anytime to have some sentiment on which you could really be able to apply into and this is why on the moment that the market would be making out some moments
on a random manner without even knowing on whats the reason behind then your approach would really be different on next time.