Sunny Coasting Along
This will be a place for a simple collection of some of the posts and learnings I've made since I started FX from February 2019 onwards.
I stumbled on the thread SIMPLE RSI & EMA high Profitable ratio Strategy.
It seemed easy enough to understand what was going on and it helped me learn about MT4 with indicators and entering and exiting a trade.
I lost all of my first 5 trades and I even tried to post the screenshots but for whatever reason, my post didn't make it through moderation as I was still under their watchful eye.
I lasted a whole day in that thread!!
I was trying to watch all the pairs' charts at every H4 close as per the trading method and was exhausted after just 24 hours.
There was no way I could feel that it could work for me!!
So the very next day I jumped to another thread after a random search of "trending" threads.
This thread was titled, "High Level Accuracy Method With Little To NO Draw-down".
The title definitely brought me in as I was learning about my trading stats and I could see that I needed to improve my winning accuracy after a string of losing trades.
The trades seemed easy enough to find because you just had to look for one type of pattern and then wait for the entry to occur.
I especially liked how there really wasn't much to think about, obviously because I was a beginner.
On this thread I encountered my first group of "helpful" traders who were willing to answer my beginner questions.
NevFx and Firefox especially.
Then on just my 3rd day at FF I found George's "Price Action at the core / tma intra day thread.
Even just reading the first few pages I could see this was quite a different way of viewing the FX markets and trading in general.
I've only traded this method since and have been trading one pair only.
As I did last week I'd just like to post my End of Week Results here.
All trades were taken on GBP JPY and all were based on my interpretation of George's teachings in this thread.
I'm only able to trade between mid London and start of NY session.
Thank you again George for providing all the information so far in this thread and thanks to me for taking the time to read from Page 1!!!
I'm still going through all of George's and other member's posts and making notes etc.
However, the way that the thread has been periodically targetted by certain members and the things, especially one member, was posting just made me feel sick.
I understand that this can be a brutal hobby/vocation to follow and it would certainly chew through many souls, leaving them bitter, frustrated and downtrodden, but in my view of the world there is no excuse for that level of nastiness if you haven't got the courage to speak those words directly in front of a particular person's face.
Therefore, I am now over here, in my own little corner of FF and shall do my best to journal my thoughts and learnings as I go.
Hey SunnyCoast! Good to see you here! I've decided to document my "homework" from George using a Journal.
Nice work, keep it up!
See you in the main thread!
Good Luck with your journal Sunny.
I wish you all the best !
Thanks for stopping by.
I will be over to your journal from time to time to see how you are going.
You weren't supposed to find my journal until I gave you some props!!
I checked out Tradeview of course and it is like trading on steroids compared to MT4.
It gave me info overload!
It is just another reminder to keep my mind open in this essential beginning stage.
I really liked this post from George who was trying to note down just some of the things that are flowing through his brain as he is monitoring the markets.
WHAT IS THE DAILY RANGE OF THE PAIR GEORGE IS TRADING ,,,,
WHICH SESSION AM I TRADING IN ,,,, HOW MANY SESSIONS LEFT FOR THE DAY ,,,,
WHAT PART OF THE SESSION AM I IN AT THAT TIME ,,,,
HOW MANY PIPS ON THE TABLE FOR THE DAY SO FAR ,,,
HOW MANY PIPS ON THE TABLE FOR THAT SESSION ,,,
HOW MANY PIPS ON THE TABLE FROM THE OPENING BAR OF LONDON ,,,,, I LOOK FOR SET NUMBER OF PIPS ,,,,
WHAT IS THE MOMENTUM FEEL ON THE H4 ,,,
WHAT IS THE MOMENTUM FEEL ON THE H1
WHAT IS THE MOMENTUM FEEL ON THE M15 ,,,
ARE THEY ALL CORRELATED IN THEIR MOMENTUM ,,,,
DO WE HAVE A CONTRADICTION OF MOMENTUM BETWEEN THE H1 AND H4 ,,,,
WHAT IS ON THE TABLE ,,, IN THE WAY PRICE IN BALANCE WITH TIME ,,,,
WHAT PRICE STATION AM I AT ,,, FROM THE SET STATIONS I HAVE FOR EACH PAIR ,,, IN ANTICIPATION FOR A RETRACEMENT ,,,
WHERE IS THE PRICE IN RELATION TO THE TARGET WE ARE APPROACHING ,,,
HAS THE TARGET BEEN TAKEN OUT ,,,
HOW FAR IS THE NEXT TARGET ,,,
WHAT TIME OF THE DAY WHEN A TARGET IS REACHED ,,,,,
WHERE IS THE PRICE ON THE 1 MINUTE CHART IN RELATION TO THE TMA PRESSURE ZONE ,, AND ,,, WHICH MINI ZONE ,,,,
WILL IT FIT INTO THE TOTAL RANGE FOR THE DAY,, IN RELATION TO THE SESSION WE ARE IN ,, AND THE NUMBER OF SESSIONS TO COME YET FOR THE DAY ,,, IF THE PRICE WAS TO CONTINUE TO IT WITHOUT A RETRACEMENT ,,,,
HOW MANY HOURLY BARS DO WE HAVE IN THAT SWING CONTINUOUS ,,,
HOW MANY PIPS EACH BAR HAS ,, AND THEIR RELATIONSHIP OF THE ,,, TOTAL PIPS FOR THE H4 BAR ,,,,
SAME APPLIES TO THE 15 MNT ,, AND THEIR RELATIONSHIP TO THE HOUR BAR SIZE ,, IF THE PRICE WAS TO CONTINUE ,,, WITH THE SAME M15 BAR SIZES / SPEED ,,, ONE AFTER THE OTHER ,,,,
ECT. ECT. ECT.
Wow, that is amazing. I bet there is even more going on in your trading brain than that too, of course.
Thank you for a starter's list.
Hi Sunny... I dont know if you have been with George trading live... Having done that myself..I can tell you YES he is analyzing all that he says above..
I would highly recommend if you haven't spend some time with George ..it sure has helped me.
I just want to put the background work in first so I have a greater ability to understand what he is talking about. I've already been fortunate enough to talk with him 3 times on Skype and each time I've come away with my hat in my hands and my head spinning.
Also 2 other RED DIAMONDS who have been very supportive have been AUSSI and TZAMO.
I'm not sure how to link their names but thanks for all the tips you have provided so far.
I really appreciate it.
This is where nearly all my focus is now. The 3 solutions have given me a road map as to what areas I need to be spending time on.
I'd like to ponder here if I may what are the differences between having a BOUNDLESS MINDSET and a GROWTH MINDSET.
A Google search says
A MINDSET is defined as “the established set of attitudes held by someone”. It affects the way you perceive yourself, other people and the world as a whole and it directly impacts each and every decision you make.
It is the fundamental set of beliefs around which you base your daily functioning.
To have a GROWTH MINDSET, to me speaks of being flexible and open enough to new learnings in a particular field, say FX Trading, and a want to continue to learn in that target area.
On the other hand, a BOUNDLESS MINDSET to me says there is NO GROWTH MINDSET.
There is just information flowing through your mind and you are automatically or MINDLESSly absorbing that information.
Then as your EXPERIENCE deepens you are able to access all of that learning when it is required, say when TRADING.
The samurai I believe call this concept, NO MIND
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