Spitting Thoughts : I missed the XAUUSD setup and FOMO
I shorted XAUUSD based on one of my trading setups. There was a signal on Wednesday, I shorted it and got stopped out. It's fine. I traded based on my trading plan, I didn't unnecessarily interfered. As far as sticking to the trading plan/discipline is concerned, it was a non-event. Losses happen.. big deal.
While my parameter suggested it was still a bearish bias, I accidentally missed out another valid bearish trigger yesterday. And boy what an intraday move that was. FOMO juices were flowing I have to admit. I've learned the hard way that FOMO is bad news (duh!). I have been a trader for almost 11 years, it still STINGS to miss a move (a move that your system would've caught by the way). Looking at the bright side though, your trading parameter gave another successful trade so that's a nice "consolation".
Moving on... P1 activated, I am technically bullish for XAUUSD. However, I am anticipating the pair to move lower as illustrated on the chart.
While my parameter suggested it was still a bearish bias, I accidentally missed out another valid bearish trigger yesterday. And boy what an intraday move that was. FOMO juices were flowing I have to admit. I've learned the hard way that FOMO is bad news (duh!). I have been a trader for almost 11 years, it still STINGS to miss a move (a move that your system would've caught by the way). Looking at the bright side though, your trading parameter gave another successful trade so that's a nice "consolation".
Moving on... P1 activated, I am technically bullish for XAUUSD. However, I am anticipating the pair to move lower as illustrated on the chart.
