Ramblings of a Forex Junkie

I always liked Aztecs. I never got to fly one. I have many hours in senecas and twin commanches. Funny thing about the twin commanche and Aztec. Same speed but the commanche burns half the gas. Can't beat the load and short field capability of that thick Aztec wing though. I have a multi commercial with instrument but I never did a single commercial. I have been thinking of adding the single and CFI and spending some weekend time doing a little instruction. Always good to get paid to fly instead of paying.

Hi Seneca, glad to see you back, hope you don't mind an opinion, and i'm sure you are fully aware of this already, but cold eyes on the subject.... awww fuck it, i'll just come out and say it...

your risk to reward is tilted too far one way.... Your hit rate is way over what is required, you just need to hold more of your trades, take a few more b.e hits in return for those big R's...

Just an opinion, sure you will nail it this week anyway

Not really back but I will pop in from time to time.

I know what you are saying and I am working on extending my targets. One of the things I have been working on this week is trying to ride a move for more than one day. It is not an easy thing for me to do.

Letting ourselves down is life really. If you study the Bible or the well known sacred or philosophical texts which pre-date that relatively recent publication you see that one central theme is obviously 'the failings of man'. We are weak. Man has been weak for millennia, possibly quarter of a million years and every ancient culture has it's oral traditions that pass down warnings to the next generation about weakness and lack of dicipline. So what that means is you are not the first to let yourself down. We have best intentions yet it's the rare breed that can live by them or act them out day after day after day. Here is a section from trading in the zone (Douglas) which struck me as being very insightful on the matter of abiding by our own rules. (It may partly explain the history of mankind.)


PROBLEM: The willingness to Create Rules
I have not yet encountered a person interested in trading who didn't resist the notion of creating a set of
rules. The resistance isn't always overt. Quite the contrary, it's usually very subtle. We agree on the one
hand that rules make sense, but we really have no intention of doing whatever is being suggested. This
resistance can be intense, and it has a logical source.
Most of the structure in our minds was given to us as a result of our social upbringing and based on
choices made by other people. In other words, it was instilled in our minds, but did not originate in our
minds. This is a very important distinction. In the process of instilling structure, many of our natural
impulses to move, express, and learn about the nature of our existence through our own direct
experience were denied. Many of these denied impulses were never reconciled and still exist inside of
us as frustration, anger, disappointment, guilt, or even hatred. The accumulation of these negative
feelings acts as a force inside our mental environment causing us to resist anything that denies us the
freedom to do and be whatever we want, when we want.

In other words, the very reason we are attracted to trading in the first place—the unlimited freedom of
creative expression—is the same reason we feel a natural resistance to creating the kinds of rules and
boundaries that can appropriately guide our behavior. It's as if we have found a Utopia in which there is
complete freedom, and then someone taps us on the shoulder and says, "Hey, you have to create rules,
and not only that, you also have to have the discipline to abide by them."
The need for rules may make perfect sense, but it can be difficult to generate the motivation to create
these rules when we've been trying to break free of them most of our lives. It usually takes a great deal
of pain and suffering to break down the source of our resistance to establishing and abiding by a trading
regime that is organized, consistent, and reflects prudent money-management guidelines. Now, I'm not
implying that you have to reconcile all of your past frustrations and disappointments to become a
successful trader, because that's not the case. And you certainly don't have to suffer.
I've worked with many traders who have achieved their objectives of consistency and haven't done
anything to reconcile their backlog of denied impulses. However, I am implying that you can't take for
granted how much effort and focus you may have to put into building the kind of mental structure that
compensates for the negative effect denied impulses can have on your ability to establish the skills that
will assure your success as a trader.