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- Status:
- Membership Revoked
- Last Online:
- Jun 27, 2012
- Using Local Time:
- 8:23pm (6 hr ahead of you)
- Joined Forex Factory:
- Aug 2010
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.