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wiseambitions wrote:I was so busy analysing my morning's experience that I missed the 1330GMT addon
distractions like phonecalls and going to put the kettle on can actually prove expensive. One has to keep the mind uncluttered and question adherence to the rules at every move.
This is a very important point. You will be amazed to find that, our subconscious mind conspires with the universal intelligence, it moves people, things and events to conform your reality to what you BELIEVE in deep inside. You may or may not be aware of your deep rooted belief's. But the universal intelligence (God Source for me and you and anything else for those who do not believe in God, but it really does not matter) knows what you want from within. and so you get a phone call or you make one, or some one rings the door, or you feel sleepy, or watch you tube etc etc You miss the Trends and trade the 4th wave. I cannot prove it to you but as long as we have internal blocks, we will stumble upon exactly the things that will lead us to our destiny (the internal belief of who we are)
cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
Friday seemed to contain a range with about 120 pips rise since opening and then a 220 pip fall on EJ (to 1800GMT)
and it was NFP
I managed to close the day in green, holding to about 85 positive pips. If I could repeat this two or three times a week I would be extremely delighted
The concentration involved was intense, but worthwhile
No particular new observations, except the same comments as before
1) wait for setup 1 to develop and catch breakout as soon as possible
2) try and let winners run
3) try and get out of bad trades earlier ie if DA opposite direction comes up it is probably time to exit
4) try to be careful not to reset BE too early as a retrace often occurs before trade goes to TP in the desired direction
PS By 2115 it looks like we're ending the day where we started.
Immy said a couple weeks ago, trade in a market that moves. When we look at the week we'll notice some days EJ hardly did move, but today, being NFP there was plenty of movement; and so long as we stick to the rules, this system is brilliant at helping us catch some of those pips. We'll never get them all, but hey, 85 a day, or even let's admit 85 pips in a week are enough to keep the show rolling......
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
I went long on EJ, and stretched the SL beyond the Aims box really in view of what m15 was saying rather than m5. First trade took practically all day...... 20 pips. Then some more useful quick scalping which was fun, based on the rising trend and things happened faster then. several wins, and I'm out now for today....... the total result was more than my daily target, so after watching paint dry it was worth it in the end. Just over 3% ROI
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
I went long on EJ, and stretched the SL beyond the Aims box really in view of what m15 was saying rather than m5. First trade took practically all day...... 20 pips. Then some more useful quick scalping which was fun, based on the rising trend and things happened faster then. several wins, and I'm out now for today....... the total result was more than my daily target, so after watching paint dry it was worth it in the end. Just over 3% ROI
Would you mind sharing where you got your scalps! was it later in the evening? hmmm nice! so you must be stuck in the snow now! haha
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
I have been a little busy on other things lately and not trading with usual frequency
However I want to encourage as many as possible to try the chat room - I have logged in most days, and there are 3 or 4 regular members with Immy. Useful to bounce ideas off others in real time
The host site for the chat has changed - see Immy's blog for directions
Yesterday the theme was choosing what pair to trade with. It wasnt EJ -
good luck guys
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
There will be no more sunrises, no minutes, hours or days.
All the things you collected, whether treasured or forgotten, will pass to someone else.
Your wealth, fame and temporal power will shrivel to irrelevance.
It will not matter what you owned or what you owed.
Your grudges, resentments, frustrations, and jealousies will finally disappear.
So too, your hopes, ambitions, plans, and to-do lists will expire.
The wins and losses that once seemed so important will fade away.
It won't matter where you came from, or what side of the tracks you lived on, at the end.
It won't matter whether you were beautiful or brilliant.
Even your gender or skin colour will be irrelevant.
So what will matter? How will the value of your days be measured?
What will matter is not what you bought, but what you built.
Not what you got, but what you gave.
What will matter is not your success, but your significance.
What will matter is not what you learned, but what you taught.
What will matter is every act of integrity, compassion, courage, or sacrifice that enriched, empowered, or encouraged others to emulate your example.
What will matter is not your competence, but your character.
What will matter is not how many people you knew, but how many will feel a lasting loss when you're gone.
What will matter is not your memories, but the memories that lived in those who loved you.
What will matter is how long you will be remembered, by whom, and for what.
Living a life that matters doesn't happen by accident.
It's not a matter of circumstance, but of choice.
Choose to live a life that matters.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
Not a bad week. In fact I have to concede it was very good.
152 pips on the biggest account, 20 moves
Best trade 63 pips
Worst trade minus 52 pips (rent/loss/down the drain)
PF 3.05
Before you ask, not all trades get copied between accounts as not all accounts are on metatrader.
If I can keep up with 7.6 pips a trade I will be elated all the time I can find a few setups daily.
Plenty enough to keep the show rolling, with the bricklaying system. I am just determined to trust the system because I know it works
I haven't caught every wonderful opportunity of course, but continue to benefit from the chatroom company - where the number of visitors seems to be building up..... In a nice way it is valid to say that everybody who links in to that ought to contribute, not just be spectators, as there is good fellowship to be gained.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
The DOW Jones Industrial average plunged 100 points on Tuesday afternoon after the Associated Press' Twitter account was allegedly hacked.
'Breaking: Two Explosions in the White House and Barack Obama is injured,' the Tweet just after 1pm read. That was 6pm in London. I was in a long trade on the DAX and it spiked about 30 or 40 pips and made life rather uncomfortable for me. And it was all over in a couple minutes and resumed normal behaviour.
The White House and AP quickly assured the public that the report was not true but word didn't appear to come fast enough to those frantically responding on Wall Street.
A group called the Syrian Electronic Army, one that's supportive of Syrian leader, Bashar Al-Assad, has since claimed credit for AP's hacking while specifically celebrating on their Facebook wall the impact made on stock prices.
The group has also claimed it was behind past hacks of Twitter accounts for National Public Radio, BBC and CBS's 60 Minutes program, among others.
Daily Telegraph said today: In his book The Bubble and Beyond, Professor Michael Hudson estimates that the average length of time a stock was held for in 2011 was 22 seconds.
Now, that's scalping for you !
Demonstrates the sheer volumes of algorithm controlled trading and the casino economy in which we now live.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
I waited a few minutes after news and decided it was time to enter long and hold tight.
120 glorious pips
A week's worth of profit in an afternoon. It was a godsend and I'm grateful.
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I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
