XAUUSD Machine
How to Become a XAUUSD Machine Through XAUUSD Psychology
When it comes to xauusd as a trader you will need to execute your gold trades like a xauusd machine, without any emotions, or without being influenced by gold price movement that the gold price has moved up so much that you now need to open a buy xauusd trade because the up move has really moved some pips.
So to trade like a xauusd machine as a trader you need to transform your xauusd psychology. To transform your xauusd psychology then you will require to write down rules which you will follow in your xauusd plan.
The example shown below shows how to write the xauusd psychology rules
- Trade without Emotions (greed, fear, anticipation, impulse, bias, over-excitement)
- I trade what my eyes see not what I feel.
- I will be patient.
My job is not to be the xauusd system!
It is not to decide which trades looks promising.
That is the job of my xauusd system. My system has a set of rules which tells me this is what I follow. Do not get caught up in gold price action and make rules as you go along.
MY JOB DESCRIPTION IS
To sit patiently & wait for my system to indicate that it is time to enter or it's time to exit. And then with great focus I execute trade as planned.
Taking trades not indicated by the system, second guessing system and not taking trades given, hesitating & getting in late, anticipating and getting in early are all common place & boil down to lack of faith in system & not having a burning focus on accurate execution.
GOAL: To have 100% undivided focus on mastering my ability to execute my xauusd system accurately.
The more you develop the ability to step back from gold price movement & watch the xauusd market dispassionately, waiting for a signal to trade, the easier it will be to witness the fluctuations of your emotions without getting sucked into them allowing them to throw you off your game.
By writing xauusd psychology rules like the ones above then as a trader you'll begin to follow your xauusd system and trade more like a xauusd machine would if the system you are xauusd with was to be automated.
The more you follow these xauusd psychology rules the easier it will become to trade the xauusd market without being influenced by the various market movements.
Always make sure that you're opening a xauusd trade because the rules of your xauusd system have been met and a signal has been generated and not because you have seen the xauusd market jump and so now you decide it is time to buy.
By following a xauusd system then you will be able to trade more like a xauusd machine and follow the rules of your xauusd system & your trading will become more profitable.
Changing your xauusd psychology will not be easy and that is why as a trader you must constantly make an effort to follow the xauusd rules of xauusd psychology that you write on your xauusd plan until the time you master these rule and you can now trade the xauusd market without emotions and trade like a xauusd machine.
To learn & know more about xauusd psychology read the following xauusd psychology tutorial
- XAUUSD Psychology Tutorial
- XAUUSD Psychology & Emotions Fear and Greed
- XAUUSD Psychology Principles
- Learn XAUUSD Psychology
XAUUSD Psychology for XAUUSD Traders.
