Hi Folks,
Any of you members of EWI International listen to the free video by Peter Brandt (he is a top trader). When you get past the adverts for his boot camps he talks about risk management being the thing that seperates a top pro trader from the rest of us. Pro traders in his words risk 1% period sometimes less.
Set ups which we spend so much time worrying about he calls a snapshot in a moment of time and a snapshot of chaos at that.
I think it is really thought provoking stuff. If you want I can try to post the main points.
Andrew
Andrew's Journal
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immy
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Re: Andrew's Journal
Yes Please Andrew... go onAndrew wrote:Hi Folks,
Any of you members of EWI International listen to the free video by Peter Brandt (he is a top trader). When you get past the adverts for his boot camps he talks about risk management being the thing that seperates a top pro trader from the rest of us. Pro traders in his words risk 1% period sometimes less.
Set ups which we spend so much time worrying about he calls a snapshot in a moment of time and a snapshot of chaos at that.
I think it is really thought provoking stuff. If you want I can try to post the main points.
Andrew
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Herbert
- Free Member
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Re: Andrew's Journal
That will be great Andrew! tx
Herbert
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
"Nothing wins more than superior research and preparation"
AIMS - The art of Trading markets successfully
-
Andreww
- Free Member
- Posts: 19
- Joined: 01 Nov 2011, 17:33
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Re: Andrew's Journal
Firstly a happy and profitable new year to everyone. I have been only trading spasmodically for a while and I have really neglected this journal. I am now back pretty full time - for me that is not sitting in front of my screen all day I trade the busiest times.
My favourite setup is wait for the alligator to go to sleep on M1. AO will be close to zero. Wait for dot the right side of purple check alligator is open on M5 and price is not too close to recent M5 resistance/support. New AIMS appears bingo it works.
I don't need to spend hours analysing but then Immy always called me a maverick.
Andrew
My favourite setup is wait for the alligator to go to sleep on M1. AO will be close to zero. Wait for dot the right side of purple check alligator is open on M5 and price is not too close to recent M5 resistance/support. New AIMS appears bingo it works.
I don't need to spend hours analysing but then Immy always called me a maverick.
Andrew
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: Andrew's Journal
Andrew
Good to see you alive and well! and a happy new year to you too! Hope all is well! it would be nice to see you posting again! I'm sure we will all learn from you!
cheers
Good to see you alive and well! and a happy new year to you too! Hope all is well! it would be nice to see you posting again! I'm sure we will all learn from you!
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
Andreww
- Free Member
- Posts: 19
- Joined: 01 Nov 2011, 17:33
- 13
Re: Andrew's Journal
Thanks Immy up 3% this week sticking almost exclusively to set up 1. Won't be trading first part of next week. Once I get going properly I will start posting trades and providing I can discipline myself to do it my weekly results good and bad.
Andrew
Andrew