Immy's Corner [The Setup The Hunt - T20's and more]

[Mdock]

Immy

I agree 100% with you, reminds me of a pdf file with some nice questions.

Cheers Mdock

[immy]

Immy

I agree 100% with you, reminds me of a pdf file with some nice questions.

Cheers Mdock

Thanks for sharing this document. Some good information there. I agree completely too, Quote " There are no “perfectly disciplined” traders."

The Bottom Line is! Its all about Self Discipline! If someone had told me this, at the time of starting how to trade, and I had understood them, I would have said, well, if I could be Self Discipline, the way a Trader needs to be, then I can succeed in any arena of life. I can be the best Dad, The best friend, the perfect body, you know name it. That is the ground reality. If you cannot be disciplined, you cannot be successful. (wish I listened to my father more). My dad always said, I don't send you to school so that you become a philosopher, not necessarily that, but to learn to be Disciplined.

cheers

[immy]

Some Rents can be easily avoided. If you look at the picture to the left you'd see a Setup but you only have to look at m5 chart to find out we were in a sideways rnage. A Wave 4, a correction in other words. Some trades can be easily filtered.

[immy]

I loved this video! I think I relate to that young guy! I'd love to edit out everything and just watch Tim's story! Love the bit where he does the "woulda coulda shoulda", you know what I mean. It happens to all of us. You know you have this setup, you know there is going to be that 5th wave, you know its gonna hit that TZ1 but you have to leave. or you just take the exit route... oh shit is what I hear later... and then the Famous Grant Terminology! NEXT

Every Professional Trader Agrees on One Thing, and that is Discipline. Discipline Discipline.

And they talk about Getting in Synch with the Market. Getting in the Zone where you and the market become ONE!

And yes, Don't forget Patience!

and yes, To be Humble!

Its all about keeping a Balance. You cannot be completely Stress-Free or You cannot have too much of it. Its personal.

Without the right amount of Greed you won't make something, with too much of it, you'll take a hit, you'll give it all back.

Without the right amount of fear you'll be too bold and you'll make silly mistakes, with too much of it you won't do a thing and keep watching the charts all day long and don't put a trade.

And they talk about having a Strategy

And they talk about Timing! Timing is really important.

Note: Season 2 Ep 9 and 10 have more stuff about Forex Trading (inside FXCM USA)

Part 1.
[youtube]BhlR4MxjvjM[/youtube]

Part 2
[youtube]9a3pqTvXCrU[/youtube]

Part 3.
Check out Trading with the Trends: Time 7.23

[youtube]Da_6PFhkmGQ[/youtube]

Part 4
[youtube]8PkJccbJeXs[/youtube]

Part 5
[youtube]jrVbwH0ue5Y[/youtube]

Part 6
[youtube]mrbxROXb02Y[/youtube]

Season 2.
Part 1
[youtube]loRydHiHHZo[/youtube]

Part 2.
[youtube]EsCcUbDMeJw[/youtube]

Part 3.
[youtube]iIfpheSEKcg[/youtube]

Part 4.
[youtube]amIrhUBBy4Y[/youtube]

Part 5.
[youtube]xe8K-QYkr1g[/youtube]

Part 6.
[youtube]tSLYcNUPCpg[/youtube]

Part 7.
[youtube]xvjGS5yxrso[/youtube]

Part 8.
[youtube]eXmX7-VGSDQ[/youtube]

Part 9.
[youtube]7LCkCUaSKDA[/youtube]

Part 10.
[youtube]IZ2y1QMaDXs[/youtube]

[Kyle]

Thanks for those Immy,
I will watch them over the next day or so.

Another good one that I have seen is "Million Dollar Traders"
[youtube]v6ciY8u04Kk[/youtube]

[youtube]ML4ObTeYLhg[/youtube]

[youtube]pWkzAvE5aQQ[/youtube]

This was quite interesting seeing differing styles and the ultimate conclusion of the project

[immy]

Just found his wesbite ...

http://www.timothysykes.com/" onclick="window.open(this.href);return false;

I searched for him, because this series is from 2006 and I wondered where he'd be now.

[wiseambitions]

Just found his wesbite ...

http://www.timothysykes.com/" onclick="window.open(this.href);return false;

I searched for him, because this series is from 2006 and I wondered where he'd be now.

His verified perfomance in 2012 shows as 38% and he's still going. (incidentally some stock market indeces are chasing that kind of number this year, look at European).
Presumably these are not leveraged trades

and some here are getting 38% in a month or 6 weeks

[immy]

Ray!

Yes, I guess Gman beat him this year with over 70% account growth! btw in Season 2 ep 1, around 10.19 enters a trader called GMAN \m/ (rofl) but he's got alot more hair than our Gman! (rofl)

[immy]

"New Traders often think trading is a a difficult intellectual exercise, they are trying to be brilliant, the reality is, its not about coming up with a new trading technique, its about fundamentals"

SO TRUE!

Even I, sometimes, after a difficult day, try to create a new system, and after I'm done, I scrap it and kick myself or swear at me for wasting my time... its not something I'm proud of, but its the truth and its a thing I face when I'm down. So now I've written on the wall is that if you find yourself trying to create a new entry technique or a new money or trade management criteria, that means you need a walk or swim or just play a game or something, just take a break.

hmmm

[immy]

What a Lovely Wave today! A beautiful Setup was available in to the 3rd and then into the 5th wave up. With Japanese and german bank holiday, as well as Aussie and NZD, who'd have thought.... But I knew.... We the m1 traders, have a different territory!

Merry Christmas and wish you all a Great Mighty Feasty Tasty Christmas Eve!

May the pips be with you!