Positive Thinking

Friday was a day where the mind was not fully focused on trading, I had a train to catch just before 9am and was getting my things together for the journey while trying to find trading setups from the charts. And in doing so completely lost all track of time and missed the 7am trade on GBPUSD. I had the line of support drawn in on my 5 min chart, identified divergence on the MACD and there was a double top on the chart, but the one thing that was missing was me, I was not sat there in front of my screens waiting to enter the trade. The trade raced away without me to hit its target, which left a lot of negative thoughts in my head.
In trading always think positive. Not everyone accepts or believes in positive thinking. It is quite common to hear people say: “Think positive!” to someone who feels down and worried. Most people do not take these words seriously, as they do not know what they really mean, or do not consider them as useful and effective. How many people do you know, who stop to think what the power of positive thinking means?
Positive thinking is a mental attitude that admits into the mind thoughts, words and images that are conductive to growth, expansion and success. It is a mental attitude that expects good and favourable results. A positive mind anticipates happiness, joy, health and a successful outcome of every situation and action. Whatever the mind expects, it finds.
Negative thoughts, words and attitude bring up negative and unhappy moods and actions. When the mind is negative, poisons are released into the blood, which cause more unhappiness and negativity. This is the way to failure, frustration and disappointment.
So the next time you sit down to trade block out all of those negative thoughts and replace them with positive thoughts. Stay positive, thinking positive thoughts, feeling positive feelings and using positive words. Teach your mind to think positively and ignore negative thoughts.
Back to trading and full of positive thoughts after a dry weekend out and about with the family, the 7am trade on GBPUSD was about to trigger. A line of old resistance now acting as support would be the additional reason for entering the trade. Price broke down through this level just after 7am and fell to my 20 point target.

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