UPDATED December 28th, 2008
Pair:
Euro/Usd
Goal:
25 pips day (minimum)
Times:
1-2 hours of trading
Pre-Frankfurt/London open
1:00 am (EST)
1 Hour before London close
11:00am (EST)
I want to thank many great members and mentors, a few important trading facts have come to light, but not after many losses and discouragements along the way.
After years of trading Forex and searching many strategies, adding and manipulating numerous indicators, reading forums, trading almost every system I came across, a few things have finally come to the surface in becoming a successful trader.
The number one key to success comes from overcoming the obstacles that constantly try to hold you back.
Once an individual can conquer the emotional roller coaster, days and months of feeling behind on every trade, a trader just has to stop and get off the merry go round.
I came to a point where I would no longer chase indicators, strategies, signal services, and systems.
There comes a time when a trader must take a look inward and say "what am I doing?"
If results are poor, then what your doing is wrong.
If your frustrated about your trade style, maybe it is only style your looking for and not success!
Every trade is unique, and every trade takes on a behavior, we just have to be smarter,faster, and an edge.
What is the key, where is the edge, how can I win more then lose???
Welcome to FOREX, one minute your up and winning, then your taking more trades because of confidence, and BAM, it hits you and takes your money.
If your winning 10 pips, but losing 20 pips, your losing!
Priority of trading times, trading market conditions, etc.
The important part of winning in Forex, is to have rules.
If I am taking a trade based on what has usually paid out 5-10 pips in profits in previous formations, then I get out with 5/10 pips, but also, I put a stop at the same distance as my target.
Why give 30 pips in a loss if your only looking for 10 pips profit, that is something that most traders discover while learning Forex.
I will be adding more to this the next few weeks, but my goal is too show traders the simple way of making pips, and the simple way of just getting out of a trade that is a loser.
Join me on this journey, as we make our daily goal of pips with simplicity.
Cheers,
Ken
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Coming January 5th, 2009
Pair:
Euro/Usd
Goal:
25 pips day (minimum)
Times:
1-2 hours of trading
Pre-Frankfurt/London open
1:00 am (EST)
1 Hour before London close
11:00am (EST)
I want to thank many great members and mentors, a few important trading facts have come to light, but not after many losses and discouragements along the way.
After years of trading Forex and searching many strategies, adding and manipulating numerous indicators, reading forums, trading almost every system I came across, a few things have finally come to the surface in becoming a successful trader.
The number one key to success comes from overcoming the obstacles that constantly try to hold you back.
Once an individual can conquer the emotional roller coaster, days and months of feeling behind on every trade, a trader just has to stop and get off the merry go round.
I came to a point where I would no longer chase indicators, strategies, signal services, and systems.
There comes a time when a trader must take a look inward and say "what am I doing?"
If results are poor, then what your doing is wrong.
If your frustrated about your trade style, maybe it is only style your looking for and not success!
Every trade is unique, and every trade takes on a behavior, we just have to be smarter,faster, and an edge.
What is the key, where is the edge, how can I win more then lose???
Welcome to FOREX, one minute your up and winning, then your taking more trades because of confidence, and BAM, it hits you and takes your money.
If your winning 10 pips, but losing 20 pips, your losing!
Priority of trading times, trading market conditions, etc.
The important part of winning in Forex, is to have rules.
If I am taking a trade based on what has usually paid out 5-10 pips in profits in previous formations, then I get out with 5/10 pips, but also, I put a stop at the same distance as my target.
Why give 30 pips in a loss if your only looking for 10 pips profit, that is something that most traders discover while learning Forex.
I will be adding more to this the next few weeks, but my goal is too show traders the simple way of making pips, and the simple way of just getting out of a trade that is a loser.
Join me on this journey, as we make our daily goal of pips with simplicity.
Cheers,
Ken
Skip to page:
Coming January 5th, 2009
Another Thread in my Favorites list 