Almost 2 years of trading and studying, I feel as if I do not actually understand the market + Trade analysis

I believe in three key factors that make a good trader. A working system, mental stability, and money management. All of which are equally important. Focus on those three things, come up with a clear plan and execute. I am not even going to look at your charts because it seems to me like you are trying to predict the market. DON"T TRY TO PREDICT THE MARKET.

I want to share with you what I have accumulated so far from books and talking to other successful traders. A lot of traders have trouble with how to control their emotions when trading. Winning should not elate you, losing should not deflate you. Few traders act as rational beings because they are driven by their emotions and not their logic. A technical analyst is an applied social psychologist, only armed with a computer. The market represents the people. When we analyse the market, we are analyzing group behavior. It is our job as technical analyst to figure out when buyers are strong and when they start running out of steam. individual behavior is hard to predict because of their diverse and complex behavioral responses to market information. But technicians can study behavior patterns of market crowds because group behavior is primitive.

Many traders believe that the aim of market analyst is to forecast future prices. Instead of trying to predict where the market will go, manage the information in front of you and make decisions based off probabilities. Risk is always going to be there no matter what. trying to avoid something that is unavoidable will have disastrous effects on your ability to trade successfully. Your goal is to have a set system where you can repeat similar trades and profit from your risk management. Forecasting has low practical value because anything can happen to the market at any time. I hope this gave you some insight.

PS. I am a technical trader.

/r/Forex Thread