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 silberFX
Ignored  Show Content
  • Status:
  • Membership Revoked
  • Last Online:
  • Jun 27, 2012
  • Using Local Time:
  • 8:23pm (6 hr ahead of you)
  • Joined Forex Factory:
  • Aug 2010
Posts (38)
  • Total:
  • 38 Posts
  • Forum Posts:
  • 38 Thread Replies
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  • 3 Images
Input by silberFX
About
  • Trading From:
  • Lithuania (map)
  • Trading Style(s):
  • Technical Analyst
  • Biography:
  • Hi, I am on my jorney to finansial freedom. And it is not a fast and stright way. It is an endless jorney, at least what angoing the learning process. What I have learned so far is that dosen`t matter how confident, experient I am with my strategies or trading methods I do not perform well if I forget the overall trend. I may get some pips trading countertrades but I simply fail at last. That is so simple and obvious that I can`t stress it enough. The second thing is the higher the time frame the better I perform. It is due to random price behaviour on the lower TF less then on 1H or even 4H. I don`t need to rush into every trade, best is when I feel calm and confident before opening a trade. Even though it can end at loss, the confidense means that I trade with a good money management and I have done the job analising. Also I noticed that even with a bad entry strategy it is posible to be profitable if I let the profits run. The hit ratio may fall dramatically but the profits will set off all the losses and give some over. I need to trade with patiense and discipline to ashieve that. That`s the only way. I need to use common sence and if my method says that it is still early to close, I must do that. Even it is ok to give some profits back just in order not to close too early. I don`t have to be afraid, market is not, so must I be.
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