Starting this thread because I feel it is important to acknowledge those who have helped us on our Forex Trading Journey.
It also helps to remind us that we are not islands and often do not achieve things on our own. This keeps us level headed which is important for long term success.
We don't want to get full of ourselves now do we
.
When reflecting on strategy, it was undoubtedly Bones who set the direction there.
https://www.forexfactory.com/bones
Looking at higher TF's for more accurate and stress free trading was a revelation that fitted well with me. I would usually not look past the 1 hr chart and would constantly get it wrong. I remember thinking the 4hr chart was such a waste of time, such a huge 50-60-80 pip SL needed, "what was the point" lol...
Now I rarely even glance at anything below the daily....
When reflecting on my Mindset and Money Management, it was Davit of Pivot Trading who showed the way.
https://www.forexfactory.com/showthread.php?t=588764
Setting myself monthly/quarterly goals and trading small lots, while allowing the trade room to move, has been instrumental in turning a sound strategy into profit this past 6 months. It has been an enormous help.
Before I decided to set goals and reduce my lot size, I would rarely think beyond how much I could make on my current trade. This meant my lot size was too big ( trying to maximise THIS trades profit), then when it retraced 50-60 pips against me, I would bail on the trade as I got got nervous, only to see it turn around not long after. My targets were also too big. I would try and squeeze every last pip out of every trade. I would "assume" it was going to a particular price. So many times however, after being 200 or so pips in profit, it would turn and I would end up losing (so frustrating). Now my targets are more realistic, I think longer term in terms of result and goals. and have reaped the benefits.
Thanks Bones and Davit, you guys have been a great help

It also helps to remind us that we are not islands and often do not achieve things on our own. This keeps us level headed which is important for long term success.
We don't want to get full of ourselves now do we


When reflecting on strategy, it was undoubtedly Bones who set the direction there.
https://www.forexfactory.com/bones
Looking at higher TF's for more accurate and stress free trading was a revelation that fitted well with me. I would usually not look past the 1 hr chart and would constantly get it wrong. I remember thinking the 4hr chart was such a waste of time, such a huge 50-60-80 pip SL needed, "what was the point" lol...
Now I rarely even glance at anything below the daily....
When reflecting on my Mindset and Money Management, it was Davit of Pivot Trading who showed the way.
https://www.forexfactory.com/showthread.php?t=588764
Setting myself monthly/quarterly goals and trading small lots, while allowing the trade room to move, has been instrumental in turning a sound strategy into profit this past 6 months. It has been an enormous help.
Before I decided to set goals and reduce my lot size, I would rarely think beyond how much I could make on my current trade. This meant my lot size was too big ( trying to maximise THIS trades profit), then when it retraced 50-60 pips against me, I would bail on the trade as I got got nervous, only to see it turn around not long after. My targets were also too big. I would try and squeeze every last pip out of every trade. I would "assume" it was going to a particular price. So many times however, after being 200 or so pips in profit, it would turn and I would end up losing (so frustrating). Now my targets are more realistic, I think longer term in terms of result and goals. and have reaped the benefits.
Thanks Bones and Davit, you guys have been a great help



Come with me if you want to live....