IMPORTANT NOTICE
With apologies I have to state that I shall only entertain questions about Dax M1 Fruit trades or DAX M1 Setup 1 from this point onwards.
This applies to 2hr London Open session. The first 2 hrs of London open when I'm intensely focused on Trading The Dax m1.
Any other questions can be entertained inside the forum. Simply take a picture of the current screen and post it in your journal.
Forum members can look at it after trading hours and comment including me.
I take this step because I would like to adhere to my rules. I do not trade the other pairs because I believe one is enough for me and
if I do end up looking at ther things for other people I really am breaking my discipline of looking at only 1 time frame and one thing that I trade.
It used to be like this when I traded EUR/USD and it should be like this now when I'm trading Dax.
I am not forcing you to trade Dax if you don't want to, its ok. But if you want to learn to trade The Setup or the Fruit strategy
I suggest you open a Demo account with GKFX and learn to trade with us at least for 3 months. Your target should be to learn and
double your account just like Michael did. Michael traded his demo account for 3 months. And then he moved to Live Account and
now he will be incrementally increasing his lot size.
may the JOY be with you
<<<<< Want What the Market Wants with an attitude of gratitude >>>>
*May the JOY be with YOU*
<<<<< *Want What the Market Wants* with an attitude of gratitude >>>>
IMPORTANT NOTICE ABOUT SKYPE ROOM
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
IMPORTANT NOTICE ABOUT SKYPE ROOM
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Learn to Trade First before Making Money
Learn to Trade First before Making Money.
It is important to understand this concept. Do not attempt to make money without knowing how to trade first. Many traders fail because they think its easy to make money from trading and they immediately start trading their hard earned money.
If you do this I'm afraid to say that chances are high that you will lose your money or big parts of your equity. Remember that you have signed up to AIMS Stress Free Trading so that you can
LEARN How to make money from trading by Learning How to Trade the Market using AIMS Strategy.
The two things are separate. Making money from trading is the function of Trading Correctly and Trading Correctly is a function of Trading with the Right State of Mind. And trading with the right state of mind means a mind that is Free of Fear. A state of mind that we call "the care free state of mind" or "The Zone".
How to Trade Correctly:
Don't pretend to be a Cardiologist before you go to a good Med School
Trading Correctly is a skill that can be learned and to do that you have to take the fear factor out of it. Fear factor can be taken out very easily by eliminating money out of the equation. While trading inherently is simple, its not easy. Its not easy because we don't know how to manage our mind. We can easily do good technical analysis but since we do not know how to do correct mental analysis we fail to even see the market correctly when it really matters. By this I mean, in short, that 99% of traders experience stress and fear during trading and this Fear Factor has the power to BLOCK information about the market that may lead to profitable trading. The mind perceives threat and it filters that information. So you lose your "objectivity". You lose your perspective and stop seeing the market for what it is.
That is why you would often find yourself admiring the charts at the end of the trading day but would fail to see the same patterns during the time when market was live and you had the power to take part in it. It is a long discussion and its addressed in the book Activating the Zone. But if you follow the following call for action you will be on your way towards correct trading.
So the question is "What is the best way to re-create or simulate the Right State of Mind, The Carefree state of mind"? If you've never experienced The Zone, how can you simulate that condition, that desired state of mind where you can perform at the peak of your abilities?. The following action is the answer.
So I recommend You take the following action.
Start Trading Demo
Go to http://www.gkfx.com and open a demo account. While opening your demo account choose a deposit money exactly or near the amount you intend to trade on your live account when you're ready. Then apply the strategy in a block of 20 trades using exactly the same position sizing as you intend to use when you will be trading your live account.
Simulation of "The Zone"
When you trade your demo account, you have to trade it with 100% discipline. Don't be a perfectionist though just do your best. You're allowed to make one mistake per batch of 20 trades. So 95% accuracy is pass mark. And chances are high that you will be highly disciplined because you won't be scared of losing.
That is because the Fear of Losing Money will not be there. It is possible that you may still develop the Fear of being "Wrong" fear for "under performance" or if you're a perfectionist then fear of "not being perfect" but those can be addressed easily if you follow the steps in Activating The Zone.
This exercise will gradually train. By following the strategy with an "objective" crystal clear mind without the filters blocking your perception of what's happening now, you will develop stronger belief in your abilities and in the strategy.
This is the best formula I have found so far. If you have never experienced the zone, know it, that the way you feel trading demo account is exactly how you'd feel when you will be trading your live account "in The Zone" care free state of mind. So, Demo Trading is the best way to Simulate Trading in The Zone.
Your target is to double your account in three months and then you may start trading your live account with minimum lot sizes and gradually increase your lot sizes to match your actual lot sizes as per your trading plan.
Why GKFX?
I suggest you open a demo with GKFX because I use this broker and I will be quoting time periods from this broker. And since feed changes from broker to broker we will have identical charts and identical signals. It is a unique way of "Screen Sharing". You shall look at your platform and know exactly what I or others are looking at. So all you will have to do to ask a question is quote the time of the bar and you'll get a response instantly.
Why Demo Account
Apart from the above reasons the other reason is that I'd like you to consider this as a training exercise. Once you get trained using this instrument you will be able to apply it to any market you would like to trade in the future if not Dax.
It is important to understand this concept. Do not attempt to make money without knowing how to trade first. Many traders fail because they think its easy to make money from trading and they immediately start trading their hard earned money.
If you do this I'm afraid to say that chances are high that you will lose your money or big parts of your equity. Remember that you have signed up to AIMS Stress Free Trading so that you can
LEARN How to make money from trading by Learning How to Trade the Market using AIMS Strategy.
The two things are separate. Making money from trading is the function of Trading Correctly and Trading Correctly is a function of Trading with the Right State of Mind. And trading with the right state of mind means a mind that is Free of Fear. A state of mind that we call "the care free state of mind" or "The Zone".
How to Trade Correctly:
Don't pretend to be a Cardiologist before you go to a good Med School
Trading Correctly is a skill that can be learned and to do that you have to take the fear factor out of it. Fear factor can be taken out very easily by eliminating money out of the equation. While trading inherently is simple, its not easy. Its not easy because we don't know how to manage our mind. We can easily do good technical analysis but since we do not know how to do correct mental analysis we fail to even see the market correctly when it really matters. By this I mean, in short, that 99% of traders experience stress and fear during trading and this Fear Factor has the power to BLOCK information about the market that may lead to profitable trading. The mind perceives threat and it filters that information. So you lose your "objectivity". You lose your perspective and stop seeing the market for what it is.
That is why you would often find yourself admiring the charts at the end of the trading day but would fail to see the same patterns during the time when market was live and you had the power to take part in it. It is a long discussion and its addressed in the book Activating the Zone. But if you follow the following call for action you will be on your way towards correct trading.
So the question is "What is the best way to re-create or simulate the Right State of Mind, The Carefree state of mind"? If you've never experienced The Zone, how can you simulate that condition, that desired state of mind where you can perform at the peak of your abilities?. The following action is the answer.
So I recommend You take the following action.
Start Trading Demo
Go to http://www.gkfx.com and open a demo account. While opening your demo account choose a deposit money exactly or near the amount you intend to trade on your live account when you're ready. Then apply the strategy in a block of 20 trades using exactly the same position sizing as you intend to use when you will be trading your live account.
Simulation of "The Zone"
When you trade your demo account, you have to trade it with 100% discipline. Don't be a perfectionist though just do your best. You're allowed to make one mistake per batch of 20 trades. So 95% accuracy is pass mark. And chances are high that you will be highly disciplined because you won't be scared of losing.
That is because the Fear of Losing Money will not be there. It is possible that you may still develop the Fear of being "Wrong" fear for "under performance" or if you're a perfectionist then fear of "not being perfect" but those can be addressed easily if you follow the steps in Activating The Zone.
This exercise will gradually train. By following the strategy with an "objective" crystal clear mind without the filters blocking your perception of what's happening now, you will develop stronger belief in your abilities and in the strategy.
This is the best formula I have found so far. If you have never experienced the zone, know it, that the way you feel trading demo account is exactly how you'd feel when you will be trading your live account "in The Zone" care free state of mind. So, Demo Trading is the best way to Simulate Trading in The Zone.
Your target is to double your account in three months and then you may start trading your live account with minimum lot sizes and gradually increase your lot sizes to match your actual lot sizes as per your trading plan.
Why GKFX?
I suggest you open a demo with GKFX because I use this broker and I will be quoting time periods from this broker. And since feed changes from broker to broker we will have identical charts and identical signals. It is a unique way of "Screen Sharing". You shall look at your platform and know exactly what I or others are looking at. So all you will have to do to ask a question is quote the time of the bar and you'll get a response instantly.
Why Demo Account
Apart from the above reasons the other reason is that I'd like you to consider this as a training exercise. Once you get trained using this instrument you will be able to apply it to any market you would like to trade in the future if not Dax.
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Paid Subscription Option
Due to popular demand and numerous requests I have decided to permanently keep the skype room.
However Starting March 2015, a new Skype Room will be created. All members will be required to Purchase a Monthly Subscription.
Monthly Subscription: £19.99
Yearly Subscription: £199.99 (2 Months FREE)
More Information Here
However Starting March 2015, a new Skype Room will be created. All members will be required to Purchase a Monthly Subscription.
Monthly Subscription: £19.99
Yearly Subscription: £199.99 (2 Months FREE)
More Information Here
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!
-
Kyle
- Free Member
- Posts: 307
- Joined: 19 May 2012, 11:08
- 13
Re: IMPORTANT NOTICE ABOUT SKYPE ROOM
Good move Immy,
Possibly also as a requirement may be to have also read the How to trade Fruits as well - if the person is intending to do fruit trading.
Possibly also as a requirement may be to have also read the How to trade Fruits as well - if the person is intending to do fruit trading.
-
Kyle
- Free Member
- Posts: 307
- Joined: 19 May 2012, 11:08
- 13
Re: IMPORTANT NOTICE ABOUT SKYPE ROOM
Hi Baluda, sorry you feel surprised by it, but I can see a very valid point to it.
There have been a lot of people coming into the Skype room asking questions that would be easily explained by reading the e-books that are available, one being the Setup (S1/S2) and the other being the Fruit. It has seemed evident that they have not taken the time yet to read the book and saw the Skype room as the way to learn, without first reading the supplied information or looking through the forum.
With the small monthly fee, it will discourage those who have not prepared themselves to a stage where they have read the e-books at least once and then, when they do come in, they have a base level of understanding that can be expediated to a level of competence. It must get a bit hard trying to trade live as well as help someone from a zero base in the workings of the Fruit or S1/S2 methodologies.
Many people in the Skype room yesterday would have had an annual subscription fully paid within an hour and a half of the LO session, some many times over, so the cost is not much, but it would be designed to have people study up a little before joining the room.
As a comparison, I have in the past been in webinars that cost $99USD a month and another that was $240USD a quarter, so the charge in comparison is very little.
That's my view on it anyway.
There have been a lot of people coming into the Skype room asking questions that would be easily explained by reading the e-books that are available, one being the Setup (S1/S2) and the other being the Fruit. It has seemed evident that they have not taken the time yet to read the book and saw the Skype room as the way to learn, without first reading the supplied information or looking through the forum.
With the small monthly fee, it will discourage those who have not prepared themselves to a stage where they have read the e-books at least once and then, when they do come in, they have a base level of understanding that can be expediated to a level of competence. It must get a bit hard trying to trade live as well as help someone from a zero base in the workings of the Fruit or S1/S2 methodologies.
Many people in the Skype room yesterday would have had an annual subscription fully paid within an hour and a half of the LO session, some many times over, so the cost is not much, but it would be designed to have people study up a little before joining the room.
As a comparison, I have in the past been in webinars that cost $99USD a month and another that was $240USD a quarter, so the charge in comparison is very little.
That's my view on it anyway.