Friday, 5 April 2019

I Got it wrong - Paralysis of Analysis

I thought it was not a good setup, but that was yesterday. Today I look at it again and I find two things

1. I was proven wrong
2. It actually did go in that direction and have hit Target Zone 1.


So what can I learn from this? 


That when you see a setup, take the setup. I now conclude that my decision not to take this tradre was wrong because all the indicators were telling me to take the long. I also did not take the follwoing setup on AUD/JPY. Makes me wonder, am I looking at too many pairs? am I doing too much analysis? Paralysis of analysis? 

This is Setup 1 Buy Signal - When you SEE it, TAKE it. Don't think 



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