Why do trader Overanalyze too much rather than Look for Quality trades

Hi, trades My last post of Crude Oil does not pick up from the new demand but It will be updated again as We will now look for failure or Fakeout at the top of trend If an opportunity would be provided I would update the blog.

Over-analyzing & trades & there subsequent results will leave most people in a situation of no action, or what we like to call Analysis Paralysis. You’re going to make mistakes in trading as well as life as there would be much more stress if you look to compensate for your earlier losses as a result of anlayzing charts too often.

There is no doubt that professional traders has a lot of edge over novice because there learning capabilities from mistakes, and to never repeat them, as they are more commit to the process and they move ahead with confidence & with much more enthusiasm.

Loosing and winning are part and parcel of trading or any other game. But like other sports or game you can keep loosing & in the end you can still win the game. Traders forget to take into account all the other events a and plays that preceded that moment which also had an effect on the outcome of the game. Just like the aforementioned example, trading successfully is the sum of a lot of small things and decisions taken over a prolonged period of the time that can bring success & overall profitability over a long period of time.

Trading Opportunity Of Aud/Nzd With the potential stop and Target

Pair Aud/nzd
Entry 1.0950
Stop 1.0850
Target 1.1200

Trading should be based on Probabilities that works according to plan

As I said, In the above example that I never Overanalyze the charts too much,as crude setup was only valid if Price got rejected and we trade that fakeout after confirming the new high but it did not play according to plan.

Quality Traders Learn from such mistakes and never mess with charts of setup too much and we as a trader should not look around when things go wrong and still looking for trade setups out of failure trades.

I often look at charts at the end of the day and as the daily trading sums up, I found another setup but It has much more to go as setup is already got rejected from current supply level and still I think has much more to travel than it has done so far.