[lrathi]

I was not going to post any more statements....


It was a good trading day for this strategy...makets were trending.....

I was focused on trading.....

PROFIT 20.5%

Same account post#84....

Doubled ++ in about 2 weeks (9 actual days of trading)

[lrathi]

[quote=freddi;3209472]T

Funny thing is that all through my life I've had an amazing ability to focus on the task (or sometimes tasks) in hand, and could and did coach/mentor others to do likewise. Mostly with good results.

I was lucky enough to be able to take early retirement in my mid 50's some 6 years ago (believe me guys IT IS THE BEST!)..now doing many of the things that we all want to be able to do, when we have more time for ourselves...and some new things that I had not even thought of!! I suppose that if I'm looking for an excuse for not focussing like a laser, its because I have spent so many years doing so, and in some ways it is a relief not to have to!!

But Glen (and you, Lrathi and a few others) have made me realise that I have needed to make my mind up whether I'm going to carry on faffing about for the hell of it or to treat trading seriously. I've chosen the latter.
quote]

Freddi,

Thanks for sharing a bit about yourself and your trading journey.

We are the same age group, retired early for different reasons, cannot say i can sit back and enjoy my early retirement like yourself.....

I still consider myself blessed and grateful for the many blessings I receive daily.

This system is great,profitable..... etc.

The challenge is yourself (Like it was for myself too!)

[Trader7]

Originally Posted by lrathi

I was not going to post any more statements....


It was a good trading day for this strategy...makets were trending.....

I was focused on trading.....

PROFIT 20.5%

Same account post#84....

Doubled ++ in about 2 weeks (9 actual days of trading)

Hi lrathi. Congratulations. At this rate the sky is the limit.

[brucech]

Originally Posted by lrathi

I was not going to post any more statements....


It was a good trading day for this strategy...makets were trending.....

I was focused on trading.....

PROFIT 20.5%

Same account post#84....

Doubled ++ in about 2 weeks (9 actual days of trading)

Irathi,

Great to see these results. It really shows that you stay focused.
Success to you.

Bruce

[Gleneagles]

The penny has finally dropped!

If you can jump this hurdle, believe me, you already have an edge compared to the 90% that will be doomed to a frustrating life of wandering around forums and threads looking for the next " flavor-of-the day/month ".

You will NOT find the answer you are looking for because you are looking in the wrong place!

The majority of traders trade to avoid losses and don`t trade to win. This becomes a mindset as well as their trading strategy( if you can call it that)
At the end of the trade they are happy that they did not lose rather then be satisfied that they executed the trade according to their trading plan/strategy, regardless of the outcome. If they lose, the next step is to spend the next 2 days on an autopsy and often shop around for another system because the previous one clearly did not work.

If you own a coffee shop and you sold 20 doughnuts yesterday,today only 3 because it rained and everybody stayed indoors, do you sell the business??
I don`t think so, you do your income statement at month end and figure whether you have a profitable business??

When it comes to trading, every trade becomes a matter of life and death. The result or outcome of the trade is the next major life shaping event

It makes no difference if the expectancy is a win ratio of 80% , the results are not viewed as 16 wins out of 20 trades but if the trade is a loser the perception is that it is 100% losing strategy because 1 trade 1 loss equals 100% failure rate.

To get a proper perspective on trading and the outcome of your trading efforts requires a specific mindset. You can learn this or " cultivate " this mindset. It starts with proper planning, discipline and most important the desire to make it work or to give it your best shot.

Looking at the results of another trader and copying trades or a trading system will NOT turn you into a successful trader!

How many of you have a trading plan or use the simple checklist posted in the manual?
Do you take a screenshot of every trade and compare it to your trading plan or checklist to make sure you trade with an edge?
How many trades did you make on the spur of the moment because PA started to move?
Can you show 20 trades that you executed trading this system or any system for that matter?
If you traded GBPUSD during October according to the simple rules and checklist, how many pips were possible?

Trading is personal journey, the final destination is not always clear but if I have a choice, I would opt for the highway and not a 4 X 4 route.

[freddi]

That CLANG! CLANG! sound you hear is the PENNY DROPPING (I need more than 1 penny to drop!)

Thanks Glen.

Freddi

Originally Posted by Gleneagles

The penny has finally dropped!

If you can jump this hurdle, believe me, you already have an edge compared to the 90% that will be doomed to a frustrating life of wandering around forums and threads looking for the next " flavor-of-the day/month ".

You will NOT find the answer you are looking for because you are looking in the wrong place!

The majority of traders trade to avoid losses and don`t trade to win. This becomes a mindset as well as their trading strategy( if you can call it that)
At the end of the trade they are happy that they...

[Trader7]

Hi mary4x,

I was not successful with a PM reply to you. Could you look into that and let me know when the problem is rectified? Have a nice day.

[mary4x has chosen not to receive private messages or may not be allowed to receive private messages. Therefore you may not send your message to him/her.]

[Gleneagles]

Originally Posted by freddi

That CLANG! CLANG! sound you hear is the PENNY DROPPING (I need more than 1 penny to drop!)

Thanks Glen.

Freddi

Freddi,

It certainly sounds a lot better to me than $$$ being flushed down the loo

[lrathi]

Originally Posted by Trader7

Hi lrathi. Congratulations. At this rate the sky is the limit.

True!

Market has to be right +mindset. This happens often but not everyday.

I need to demo more to make it a habit. Shows it is possible for 5% of traders.

It does feel good.

[lrathi]

Originally Posted by brucech

Irathi,

Great to see these results. It really shows that you stay focused.
Success to you.

Bruce

Thanks BRuce!

How is your trading journey?

Using MTF TRIX?

Regards

[lrathi]

Originally Posted by fxpilot

Excellent idea Glen. I fully support the idea of a private trading forum. The system is as simple as it gets and generates pips consistently. I admire the extraordinary patience that yourself and Irathi have demonstrated in sharing with us. Your new and improved version looks very interesting. Looking forward to hearing more about it. Happy trading.

fxpilot

Good to hear from you on the thread!

How is your trading journey? Anything to share here? It will be good.

Thanks for your compliments..... sometimes the patience does wear thin .
Try to do my best.

Regards

[ForexHunter]

That's amazing results. I am still on Demo and can't show fantastic result like yours. My journey with Trix meter is still at the beginning. I am trying to get myself familiar incorporating Trix meter with moving averages. I tried using Pivot points, MACD, and other indicators, so far moving averages work well this week. Yes, it's true the outcome of your trading profit depends on your discipline mind. It's hard to wait and wait for the right entrance, but for the sake of making consistent profit, it's worthed.

This is my first month using Trix meter on demo. I hope to be successful in 3 months time.

[globalinvest]

Originally Posted by Gleneagles

GBPUSD TS hit +83 pips
GBPJPY TS hit +161 pips

I noticed you use the regular Toptrend settings.
Do you wait for the current candle to close at which the alert and trend change occurs before entering the trade ?
Do you use the indicator as a stand-alone tool without looking at higher timeframes ?

[pilotui]

Originally Posted by Gleneagles

The penny has finally dropped!

If you can jump this hurdle, believe me, you already have an edge compared to the 90% that will be doomed to a frustrating life of wandering around forums and threads looking for the next " flavor-of-the day/month ".

You will NOT find the answer you are looking for because you are looking in the wrong place!

The majority of traders trade to avoid losses and don`t trade to win. This becomes a mindset as well as their trading strategy( if you can call it that)
At the end of the trade they are happy that they...

Perfect summation of the trading psyche.

Thanks for that!

[Gleneagles]

Originally Posted by globalinvest

I noticed you use the regular Toptrend settings.
Do you wait for the current candle to close at which the alert and trend change occurs before entering the trade ?
Do you use the indicator as a stand-alone tool without looking at higher timeframes ?

It is merely an aid to trail the remainder of the open positions once TP1 and TP2 has been hit. It is not part of any entry criteria. I am testing a trade management EA with this function incorporated and if it works properly will remove the indicator from the chart. The settings are from BB which is the same as Toptrend but it is not the current default settings.