Dear all, I have a big "psychological" problem. So used to going long (probably because of years of buying stocks?), so I can typically do well when the trend (say, FX, or Index) is going up. But when the expectation is NSL... that's when i struggle ...

I'm back in action. Thanks everyone. Let's do our best to achieve that freedom in life. First trade of the day. +30 points for FTSE

Thank you, everyone for the kind support. Last Friday, I was in frustration, desperation, and seeking a venue to release all the negative emotions. To those who had read "Trading in the Zone", "Trading is an activity that offers the individual ...

I consistently made 30 points on FTSE/DAX a day. And wiped out all profits in one day. Facing a failure in a relationship, caused me to act out the frustration in trading - bad decisions. I just wanted to do something.. which i did without thinking ...

Forex and stock indices are kinda different. Stocks - there's a low it can go to. There are areas which buyers will rush in to defend. There are also areas where sellers will rush in to sell. Forex - there is no limit to how high or low it could go.

I was long there. After price broke down and make NSL, i shorted subsequently and price is breaking down more now. Profit taken and going to sleep now

Great! I have karmel and Alex as trade buddies haha! Before I met Damian I always trade Against the trend. I think it's the mentality from stock trading, buy when it's low. Pretty dumb now that I think back.

Igmarkets cfd. I've been using them for years. Last time to buy stocks. Now finally... Can trade indices with Damian's methods. That simple rule of following expectations is simply amazing!

Damian, I read your comments about choosing instruments which is comfortable with my budget. YM is simply too expensive for me with $5 each tick. No wonder all the poor decisions made and being unable to be profitable even on demo account. I was ...

Hi, i've read through Peter's pdf. That's very good, and it's what Mr Pip taught. The difficulty is having emotional control when trading. There's too many temptations LOL. For example: 1) waiting until AOI 2) waiting until rotation 3) do no trade ...

Just wondering, does the following observation applies to your trading as well? In shorter timeframes, momentum is extremely important. If price moves up aggressively, meets structure (resistance), then have high probability of breaking structure. ...

I'm beginning to get an idea on how to trade YM. With Forex I was using the 1H charts, so it shows only long term order flow. With YM, if i use purely the 233 ticks, its confusing because it shows both long and short term order flows. Now i use the ...

using a live screenshot to illustrate my point from the previous post. YM (in the shorter timeframe) keeps changing expectations.

Trading short term, there's a lot of profits to be made. But the problem is the frequent small dips that breaks short term expectations, but not the long term ones. These small dips could easily be 40 pips to 60 pips. Setting SL based on LTOF - a) ...

Yes. Exactly. With 1H, all the short term OF is filtered out, leaving a beautiful chart. But with YM 233 ticks, its hard to figure out where to place the SL / or where to enter the trade. For example is the chart below: 1) Main swing is UP. 2) But ...

Morning Damian, Would like to seek your advice. With FX, I'm typically using 1H charts. It's predictable that every swing is about 150 pips. So it's easy to set TP and SL. ------------- Recently Ive tried demo trading YM. Because YM is only actively ...

Hi, I've decided to stop trading currencies/commodities and try out YM for two reasons: - a) time constraint: two hours trading each day, after market open - b) higher return: need to increase the daily return for i have a huge commitment to make ...

I'm testing out using smaller lots size for smaller retracement. 38% retracement = 0.03 62% retracement = 0.05 100% retracement = 0.10

Welcome back Damian!

EURGBP: Waiting for entry to go long. EURUSD: Still in complex correction. No trade. USDJPY: Short @ 618% XAUUSD: Potential long entry.