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Sunny Coasting Along

  • #21
  • Mar 18, 2019 3:34pm Mar 18, 2019 3:34pm
George, ever the voice of experience and wisdom, Skype messaged me over the weekend.

George has politely and respectfully asked for me to not move ahead with a public journal at this very early stage of my trading life.
He is rather worried that I'm setting a standard that will put a lot of pressure on myself, which is unnecessary pressure for me to publically maintain.

Already, I've had 2 positive weeks of trading and I can certainly see his point.

Therefore, for the moment I'll put my journal on ice and keep taking trades as they come across my radar.

Amundo is doing some very nice work on his thread with posting historical charts and marking the herd mentality areas.

Cheers

Anthony.


Empty your mind and let the market guide you
  • #22
  • Mar 19, 2019 2:00am Mar 19, 2019 2:00am
Quoting SunnyCoast
George, ever the voice of experience and wisdom, Skype messaged me over the weekend. George has politely and respectfully asked for me to not move ahead with a public journal at this very early stage of my trading life. He is rather worried that I'm setting a standard that will put a lot of pressure on myself, which is unnecessary pressure for me to publically maintain. Already, I've had 2 positive weeks of trading and I can certainly see his point. Therefore, for the moment I'll put my journal on ice and keep taking trades as they come across my...
Hello SunnyCoast,
Trading in front of an audience really is different from trading alone. It can help you by forcing you to have more accountability, but at the same time, it can negatively affect your psychology/decision-making due to feeling the need to show others that you are doing well. I wish you the best in your trading journey.
  • #23
  • Mar 19, 2019 5:36am Mar 19, 2019 5:36am
Quoting obenfx
{quote} Hello SunnyCoast, Trading in front of an audience really is different from trading alone. It can help you by forcing you to have more accountability, but at the same time, it can negatively affect your psychology/decision-making due to feeling the need to show others that you are doing well. I wish you the best in your trading journey.
Thank you for dropping by Obenfx

I trust George and his guidance, therefore, I will quietly practice and trade behind the curtains.

The 2nd part of your comment is very telling for me as I have been like that in other fields and it hasn't always served me well.

Please feel free to share your thoughts and wisdom here when it is convenient for you.

Anthony
Empty your mind and let the market guide you
  • #24
  • Mar 19, 2019 7:08pm Mar 19, 2019 7:08pm
Quoting SunnyCoast
{quote} Thank you for dropping by Obenfx I trust George and his guidance, therefore, I will quietly practice and trade behind the curtains. The 2nd part of your comment is very telling for me as I have been like that in other fields and it hasn't always served me well. Please feel free to share your thoughts and wisdom here when it is convenient for you. Anthony
Hello Anthony,

Although trading for others is different from trading publicly (such as having a public journal), I feel like you go through similar emotions in both cases. I have been trading for my family and close friends for a while, and in the beginning, I faced psychological challenges that I thought I had already overcome in my trading. I think the biggest challenge was to accept that losses are part of trading. You do not want to disappoint the investors when you trade for others and you want to prove the haters wrong when you trade publicly, but you should not let these emotions influence your decision-making.

As long as you know what you are doing and accept that losses are part of the game, trading publicly may not be such a bad idea. If you can trade in front of others while following your trading plan and maintaining a good psychological state, I believe you are somewhat on another level as a trader.

Anyway, these were my personal thoughts. Again, I wish you the best in your trading journey.
  • #25
  • Mar 20, 2019 7:27pm Mar 20, 2019 7:27pm
What type of trader am I? (so far) Posted in Oben's Journal.

I understand deeply that I have just taken the first few baby steps on my journey.
I have always been blessed with the ability to quickly pick up the basics of anything I put my body and mind to. This does not mean I've even come close to mastering everything I've started.
I am deeply aware of how passionate I am at wanting to become extremely good at this foreign currency trading.
The way of approaching the markets that I'm starting to learn from George's thread already sits extremely well with me and I'm having considerable early success with trading just one pair and the same setups day in day out for the past 3 weeks.
I'm learning every day and my goal is to keep things as simple as possible on my charts and in my mind, but of course, simple is not synonymous with "easy".

That's it for now. This will be a good conversation I think.

Attached Image
Empty your mind and let the market guide you
  • #26
  • Mar 20, 2019 7:59pm Mar 20, 2019 7:59pm
Quoting SunnyCoast
What type of trader am I? (so far) Posted in Oben's Journal. I understand deeply that I have just taken the first few baby steps on my journey. I have always been blessed with the ability to quickly pick up the basics of anything I put my body and mind to. This does not mean I've even come close to mastering everything I've started. I am deeply aware of how passionate I am at wanting to become extremely good at this foreign currency trading. The way of approaching the markets that I'm starting to learn from George's thread already sits extremely...
Very impressive, Anthony, keep going!
"When the facts change, I change my mind"
  • #27
  • Mar 20, 2019 8:38pm Mar 20, 2019 8:38pm
Quoting SunnyCoast
What type of trader am I? (so far) Posted in Oben's Journal. I understand deeply that I have just taken the first few baby steps on my journey. I have always been blessed with the ability to quickly pick up the basics of anything I put my body and mind to. This does not mean I've even come close to mastering everything I've started. I am deeply aware of how passionate I am at wanting to become extremely good at this foreign currency trading. The way of approaching the markets that I'm starting to learn from George's thread already sits extremely...
Great to see someone else from the Sunny Coast on FF, Beerwah here, this is my 5th year trading. Good luck on your journey, it's a very long and frustrating one, just don't beat yourself up too much and be kind to yourself.
Ardua Ad Astra Per
  • #28
  • Mar 20, 2019 9:49pm Mar 20, 2019 9:49pm
Quoting mistakesr
{quote} Great to see someone else from the Sunny Coast on FF, Beerwah here, this is my 5th year trading. Good luck on your journey, it's a very long and frustrating one, just don't beat yourself up too much and be kind to yourself.
Yeah, don't beat yourself up....that's what we're for!! JK!!!!!!
"When the facts change, I change my mind"
  • #29
  • Mar 20, 2019 11:37pm Mar 20, 2019 11:37pm
Quoting mistakesr
{quote} Great to see someone else from the Sunny Coast on FF, Beerwah here, this is my 5th year trading. Good luck on your journey, it's a very long and frustrating one, just don't beat yourself up too much and be kind to yourself.
Wow! Just down the highway!
That's great advice, much appreciated.

I'm lucky I guess in that I've failed twice in business ventures and built myself back up again.

It certainly puts things in perspective and keeps you quite grounded.

Most welcome to drop by here anytime.

Cheers Anthony
Empty your mind and let the market guide you
  • #30
  • Mar 23, 2019 4:11am Mar 23, 2019 4:11am
BEAUTY OF STYLE AND GRACE AND HARMONY AND GOOD RHYTHM DEPEND ON SIMPLICITY
------Plato

I thought this would be nice for me to reflect on over the weekend.
Empty your mind and let the market guide you
  • #31
  • Mar 23, 2019 4:15am Mar 23, 2019 4:15am
EXCELLENCE IS NOT A GIFT, BUT A SKILL THAT TAKES PRACTICE.”

I like this one, too.
Empty your mind and let the market guide you
  • #32
  • Mar 23, 2019 7:15am Mar 23, 2019 7:15am
Oben made a nice post in his journal a few days back about having monthly, weekly or daily targets and I've been turning this over in my mind since he posted it.

My thoughts. If I know what I'm looking for in regards my entries and exits I'm not going to worry what my monthly, weekly or daily goals will be.
I think that is just placing extra pressure on myself, and perhaps even a constraint, too. A little bit like a bounded mindset.

If I'm at my computer and I'm facing the markets all I want to be focusing 100% on is my entry then if I'm in a trade where I will exit.
If I can keep it that simple, everything else should take care of itself and frees my mind.

Thank you again for posting these thoughts that assist me to clear my own.
Empty your mind and let the market guide you
  • #33
  • Mar 23, 2019 7:21am Mar 23, 2019 7:21am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H1 Sat2303.png Size: 14 KB


Having fun recapping price action on the week that was.
Empty your mind and let the market guide you
  • #34
  • Mar 23, 2019 7:54am Mar 23, 2019 7:54am
Quoting SunnyCoast
{image} Having fun recapping price action on the week that was.
Hey Anthony, forgive my cerebral shortcomings, but can you explain the chart you posted, please?
"When the facts change, I change my mind"
  • #35
  • Mar 23, 2019 8:10am Mar 23, 2019 8:10am
Quoting amundo
{quote} Hey Anthony, forgive my cerebral shortcomings, but can you explain the chart you posted, please?
Please Amundo, no need for self deprecation here. This is a journal. So no egos here.

Just tell me what you see on the chart. Could be very enlightening for the both of us!!
Empty your mind and let the market guide you
  • #36
  • Mar 23, 2019 4:37pm Mar 23, 2019 4:37pm
Quoting SunnyCoast
{quote} Please Amundo, no need for self deprecation here. This is a journal. So no egos here. Just tell me what you see on the chart. Could be very enlightening for the both of us!!
Okay, I see three lines, three "9" symbols and two highlighted areas.

Are the lines Targets, and the areas Herd Mentality zones?
"When the facts change, I change my mind"
  • #37
  • Mar 23, 2019 5:32pm Mar 23, 2019 5:32pm
Quoting amundo
{quote} Okay, I see three lines, three "9" symbols and two highlighted areas. Are the lines Targets, and the areas Herd Mentality zones?
On the chart there are Monday, Tuesday and Wednesday's trading from last week.

Looking form the left I've drawn in the LOW of Monday. Tuesday was a very quiet day with a very small ADR.

The boxes are the Asian session range extended until it gets broken. The "9' refers to Frankfurt hour that George has often mentioned.

I was just reviewing how Wednesday's trading spiked Monday's low and wasn't able to make an hourly close above that line.

Also I like to see how far price returns after Monday's low was spiked.

Cheers

Anthony
Empty your mind and let the market guide you
  • #38
  • Mar 23, 2019 8:44pm Mar 23, 2019 8:44pm
Quoting SunnyCoast
{quote} Just tell me what you see on the chart. Could be very enlightening for the both of us!!
What I see is a very brave trader if you're willing to trade anything GBP whilst the madness of Brexit continues. Each to their own of course.
Ardua Ad Astra Per
  • #39
  • Mar 23, 2019 10:41pm Mar 23, 2019 10:41pm
Quoting mistakesr
{quote} What I see is a very brave trader if you're willing to trade anything GBP whilst the madness of Brexit continues. Each to their own of course.
Thank you for dropping by Misitakesr. I only trade one pair, GBP JPY. Mind you I've only been trading since February this year so I still have a lot to learn.

I've never been a big news follower, like reading newspapers or watching the nightly news. So it is natural for me not to pay too much attention to what is being said or done. I just focus on my charts and learning to read how price is manipulated around target areas on this pair.

My results have been consistently very good over past 3 weeks, but that is just a drop in the ocean.

Cheers Anthony
Empty your mind and let the market guide you
  • #40
  • Mar 23, 2019 11:00pm Mar 23, 2019 11:00pm
Quoting SunnyCoast
{quote} Thank you for dropping by Misitakesr. I only trade one pair, GBP JPY. Mind you I've only been trading since February this year so I still have a lot to learn. I've never been a big news follower, like reading newspapers or watching the nightly news. So it is natural for me not to pay too much attention to what is being said or done. I just focus on my charts and learning to read how price is manipulated around target areas on this pair. My results have been consistently very good over past 3 weeks, but that is just a drop in the ocean. Cheers...
I wish you nothing but green days.
Ardua Ad Astra Per
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