Just going to share with some of you an email I sent my followers earlier today
First off I want to apologise in advance about the format of this email, but when we fixed the automated email software it seems we have created a new problem about the formatting in the background and this should get resolved in the next 72 hrs. Just didnt want you thinking a 3 yr old wrote the email! lol!!
I had a few people really interested in the last couple of spaces that came up but unfortunately I pressed delete on 3 of those emails instead of clicking reply!! So therefore Im mailing out again to give those that do want these spaces a chance to get back in contact with me.
While im writing this email I am going to share with you a chart that I had a discussion with a friend last night about why it was doing what they were hoping for, and I put this down to not looking at the bigger picture and allowing them to get confused and manipulated by the lower timeframe charts which adds alot of emotion to the trading as you sit and watch the charts all day and seeing it go against you can feel rather painful. The you watch as it goes in your direction after stopping out and jump in again only for it to reverse and kick your ass once more! For those that have a problem with emotion you need to cut out the screen time, look to bigger timeframe charts, set the trades and SHUT DOWN the pc and come back in the evening to check on them. If you dont do this you will continue to be killed in the markets.
This is the chart CAD/JPY that I want to look over, on a weekly timeframe it is bearish with the H & S pattern, broken neckline....BUT now on a daily timefrmae we have a double bottom, with a pullback and we are currently attacking the neckline of this double bottom. Ask yoursef a real question......where is a good idea to be thinking short of this pair?? Here is just OK with a fairly tight stop loss, but im sure like me if you look closer you can see 2 potential better areas to think short....Here is the Weekly view of this chart https://clip2net.com/s/3whMndk
and here is the daily view https://clip2net.com/s/3whNpnP
Just a little food for thought to all you traders out there struggling with emotion and psychological attachment to the markets.
Hope this helps