Signal Stream - CADJPY Follow Up, Playing the Long Game
(Horizontal lines and blue arrow placed by me, red arrow placed by script)
I want to take another moment to focus on knowing and trusting your trading edge and having the discipline to sticking to your trading plan.
This short signal on CADJPY triggered before I launched Signal Stream here on TradingView. I've been waiting patiently for it to make its moves.
The short signal came in on July 11 at 84.579 (red line).
It took 13 days and a good bit of draw down before it hit its close range target at 84.379 (blue line).
I always mention in my posts that there are many ways to trade Signal Stream signals, and it's true.
I also mention that the signals are highly reliable with a very high chance of hitting their close range targets, and it's true.
This isn't the largest or longest draw down I've sat through, but it doesn't make it any easier. Sitting through draw down is the worst, mentally.
But if you know your edge, trade it with discipline, and trust yourself and your system, it makes it a bit easier. It allows you to plan and be prepared for how the market decides to move, because, to be quite honest, the market doesn't care what you think.
I can't emphasize each of those points enough.
I skipped around from system to system for years before I finally found my edge.
I've had a chance to interalize all my experience and knowledge.
Sitting down and getting familiar with a trading system isn't enough. You have to know the intricacies and subtleties of it.
You have to sit and apply your system to charts, watch how price moves before and after a signal. It's important.
Chart time, a decent signal, and a solid mindset will take you a long way.
- StreamTrader
Get Signal Stream
I want to take another moment to focus on knowing and trusting your trading edge and having the discipline to sticking to your trading plan.
This short signal on CADJPY triggered before I launched Signal Stream here on TradingView. I've been waiting patiently for it to make its moves.
The short signal came in on July 11 at 84.579 (red line).
It took 13 days and a good bit of draw down before it hit its close range target at 84.379 (blue line).
I always mention in my posts that there are many ways to trade Signal Stream signals, and it's true.
I also mention that the signals are highly reliable with a very high chance of hitting their close range targets, and it's true.
This isn't the largest or longest draw down I've sat through, but it doesn't make it any easier. Sitting through draw down is the worst, mentally.
But if you know your edge, trade it with discipline, and trust yourself and your system, it makes it a bit easier. It allows you to plan and be prepared for how the market decides to move, because, to be quite honest, the market doesn't care what you think.
I can't emphasize each of those points enough.
I skipped around from system to system for years before I finally found my edge.
I've had a chance to interalize all my experience and knowledge.
Sitting down and getting familiar with a trading system isn't enough. You have to know the intricacies and subtleties of it.
You have to sit and apply your system to charts, watch how price moves before and after a signal. It's important.
Chart time, a decent signal, and a solid mindset will take you a long way.
- StreamTrader
Get Signal Stream
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