Ralf's Journal

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immy
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The GREAT Secret to Remedy FEAR.

Unread post by immy »

I share with you a technique that I have been using for a while but only recently found words for it to be explained and shared with others .
Its been part of my unconscious self now I have found it on the conscious plane so that I can share it with you.
(perhaps this was not necessary to mention, but anyway)

The way to get in to the zone is to "create" conditions "Deliberately if possible" that allow you to enter and/or remain in the zone.
The Four Conditions:
1. Enjoyment: If you enjoy trading then you won't need anything but we all know if you enjoyed it you won't be scared or if you were not scared you'd enjoy it anyway. if you cannot find ways to enjoy trading on its own yet then do something that puts you into that mood e.g. a song of your choice or a picture or whatever (wank? hmmm may be) The T20 Principle can effectively divert bring the focus of your attention from avoiding losing trades or hitting winning trades to "being disciplined" and following your rules. If you do this exercise enough times you will find "Gratification" in following your rules instead of the "result" of the individual trades. TRY IT.

2. Focus: This is something you can deliberately enforce on yourself. Focus on the objectives. Focus on the chart, and focus on the indicators and information that is in the now. Don't allow your thoughts to go back in the past or jump into the future. Don't make associations and try to fill the "uncertain" future with anything from your thought process. Just be in the now and stay there.

3. Relaxation: Use any of the techniques discussed in our ebook AIMS - Activating the Zone eBook to help you to relax. There are techniques we need to apply out of trading hours (these will keep you generally calm and relaxed in normal life) as well as techniques for instant effects during trading hours on spot (these technique will help you relax during a trade or a session).
One easy one is this
>>>> TAKE A DEEP BREATH. focus on your breathing. ahhhhhhh feel better.

4. Self Trust: How do you trust yourself, you ask. Well its a process. You have to "consciously" and deliberately "force" yourself to take signals and follow your plan numerous times and that will gradually build this "confidence" in self step by step. Its akin to driving. You have to watch every thing carefully and try to do it as perfectly as possible. Repetition is the Mother of all SKILLS It may be uncomfortable at first but it will only get better with practice.

Perhaps, most of you know the above already if you've read my other stuff but why am I repeating it?
Because after bringing the above into conscious awareness right now, we are ready to know the next bit.

The GREAT Secret to Remedy FEAR.

If you experience FEAR you have a great information at your disposal. Don't resent it just accept that you are in the state of fear and acknowledge its existence. As soon as that happens you gain the upper hand. Because now you are AWARE, you are CONSCIOUS.

You know you ARE scared. Here is what you do next

Be GRATEFUL. Yes, start with being grateful for "being scared" Say Thank You, say thank you to yourself for feeling scared and experience the fear or stress because your mind is doing you a favour and "protecting" you for what it "perceives" as a "threat", something that may harm you.
Lets acknowledge that your mind is 2 million years old designed to protect you from those dangerous animals from EATING YOU alive or tearing you apart.
(The CROODS) Image

Contrary to the false perception of your mind the things in the market are NOT THREATS or DANGERS.
You've got everything in control.
1. You have a mechanism to LIMIT YOUR LOSSES. You put a limit on your loss and
2. You have a mechanism to INCREASE YOUR WINS,
3. You have employed a formula that gives you an advantage in the markets and helps you CREATE profits. You have a statistical advantage, an edge and
4. you have mathematical formula that would help you grow your account at an exponential rate. Yes, Compounding.
Remind yourself of the power of "Compounding" and Asymmetric risk rewards. You "Eat an Elephant and shit like a bird"

Now, after being Grateful for this SIGNAL of Fear and swiftly move to being grateful for other things in your life. Anything that you can think of, anything that you acn see. How about the eye that you are seeing this with? be grateful for tiny little things and the big major things in life.
In a few moments you will find that there is no more FEAR. FEAR cannot exist if your are GRATEFUL. Being GRATEFUL and being scared cannot co-exist.

Do not FIGHT Fear, simply shift the FOCUS of your ATTENTION to GRATITUDE

Image

Try it you will thank me later!


ps: CONGRATS ON 100% DISCIPLINE
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
Skywalker
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Re: Ralf's Journal

Unread post by Skywalker »

Thank you Immy for your comments and even though I'll definitely send you a big thank you when reaching the zone I want to already thank you for all your tireless efforts to guide us on our journey reaching this desirable state of mind. Reading through your four conditions it also reminds me that I'd practiced transcendental meditation years ago and it might be worth reactivate this mental training (can't remember why I dropped it anyway). Also your explanation on fear and gratefulness is very striking.

Thank you for all this,
Ralf
Skywalker
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Re: Ralf's Journal

Unread post by Skywalker »

Today's morning session was less fruitful (at least for me) as for our M1 colleagues. (wd) I took a long fruit right after a strong down move at FO. The trade turned out to be a rent after a promising initial up move but that's ok; next. I then SAR'd the long fruit to get into the down trend but got closed after trailing candles. I trailed candles after price retraced over 30pips and I didn't want to run the risk of losing over 60pips with these two trades. So, you can say that I'm still far from fearless trading but personally I felt much better during these two trades than I would have in the past. This of course might also be owed to the fact that I gained a lot of pips yesterday which gave my confidence a boost; we will see. Another long fruit turned up at 10:25 CET but angulation did not convince me.
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Skywalker
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Re: Ralf's Journal

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Today's afternoon session was also negative. I've tried three nice AAs around NEO but two of them were rents. Especially the second trade where the add-on had just been triggered and the price turned right afterwards hurt a lot. But I've tried to stick to my trading plan and kept the SL above fruit. I hope probability does not let me down. :pray: NEXT
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Skywalker
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Re: Ralf's Journal

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Today's morning session started with two rents at FO/LO, trading a short fruit and SAR'd. After a strong down move - which I missed by taking a step back after the two rents - I took a long fruit and trailed candles after the negative early morning experience.
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immy
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Re: Ralf's Journal

Unread post by immy »

The stop and reverse long was to be stopped and reversed below fruit as well. so YOu'd have caught a lovely short move.
overall though excellent trading well done. Have a great weekend enjoy yourself.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
Skywalker
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Posts: 86
Joined: 08 Jun 2014, 12:17
11

Re: Ralf's Journal

Unread post by Skywalker »

Thanks Immy, you are absolutely right as I should have move the SL of the SAR below new long fruit and place new entry for the fruit. It's just that I had done this a couple of days ago and it turned out if I had not done this the SAR would have been a nice one. But I agree to your comment as it's in line with my trading plan.

Here is my afternoon trade for today: I took the fruit after price retraced but moved my SL to BE of the Initial trade when add-on has been triggered, otherwise I would have over 60pips at risk. However, taking your advice and rather reduce lot size for the add-on would have kept me in. Therefore DS = 0 :-q
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Skywalker
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Re: Ralf's Journal

Unread post by Skywalker »

Immy, I got this nice AU H1 trade below and closed it as weekend approaches. Not sure if this was the right thing to do but letting it run over the weekend would make me feel uncomfortable. I recall that you mentioned somewhere how you handle this. Do you mind repeating your guidelines on H1 trades before weekend? Do you have a fix time limit by when all trades have to be closed or do you just let them run?

Many thanks and have an excellent weekend,
Ralf
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immy
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Re: Ralf's Journal

Unread post by immy »

Hi

Well its not rocket science. I see that you had loaded yourself up with these lovely shorts and that means that if you took profit, rightly so before WEEKEND, on the last 4 addons you had the option of leaving the fruit entry over the weekend. If it gaps up you sitll have plenty of profit so you could have reinvested your first entry but then again, why not take the profit enjoy the weekend and there will be plenty more next week. I liike to play the WEek game on H1. I like to start off Monday and mature those swing trades. As I keep saying, experience tells me that wave 3's on h1 last 2-3 days with 1-2 days Wave 4's and 1-2 days wave 5's. So if I get into a h1 trade I'm expecting it to run between 1-3 days.

well done... have a great weekend!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
Skywalker
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Posts: 86
Joined: 08 Jun 2014, 12:17
11

Re: Ralf's Journal

Unread post by Skywalker »

Thank you Immy, let's see what Monday brings on H1 then!
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