FX.co ★ Trader's diary EURUSD 11/14/2019

"It is easy to quit smoking – I have quit more than 40 times..." (c)

We are on sale at EURUSD from 1.1070 – however, already at 1.1045, we turn over and get up.

The state of the market remains – range. There are clear upper (1.1180) and lower (1.0880) range boundaries.

The real trend movement, if it is destined to happen, will begin after the breakthrough of one of these borders – and the closing of the day beyond this border.

What is the problem for the novice trader now? The development of the situation is unbearably slow.

You can simply say: "The trader must be able to wait" – and this is true – the trader must have a huge reserve of patience and composure – especially in case the market knocks your stops over and over again, as if specially.

However, there is a simple recipe against impatience – the trading system. When trading on the trading system, you just have to strictly follow their own rules. No signal – stay out of the market. There is no change in the situation – well, there are no problems, we save on the cost of a trade. There is a signal – we open a deal without hesitation.

The presence of a trading system saves you from any thoughts about psychology. All these books on the psychology of trading – not worth the paper on which printed – if you have a trading system.

To be continued.