The waiting is the hardest part

  1. I really want to short USD/CAD
  2. I really want to buy bucket loads of pounds
  3. I really want to buy oil

Yet I’m just not feeling that it is the right time yet.

I’ve been wanting to buy cable for ages but I’m still not comfortable at this level so have dipped into other pound pairs for my fill of the quid.

I’m really itching to sell USD/CAD now, yet while the US interest rate picture is still unclear I’m hesitant, and even more so with these oil moves. I still think there’s a chance that the Canadians will raise before the US, if the economy continues to improve and inflation stays steady or keeps rising

I want to buy oil purely because it’s gone too far too fast but I’m still wary it’s got further to go.

My gut feeling has served me well and that comes from watching these markets for years. It probably makes me a more cautious trader and miss some good opportunities but when it sings I listen (no it’s not dinner time)

Yes there are levels to watch where it makes sense to make a trade, rather than just punting on picking a top or bottom but how do you deal with the pull of fear that you’ll miss out?

Do you ignore the angel on your shoulder screaming into your ear or are you disciplined enough to listen to your inner voice and what it’s telling you?

One of the biggest battles us traders have is with our own minds.