Trading 101

target hit to the pip

took 2/3 out for some profits and leaving the remainder for target @80.06..,,trade is locked in at b/e so stress free

target was hit without me knowing. What happened? I was reading someone's thread when price took a dive, just wondering what made price to drop so suddenly though I ain't complaining...it just makes my day a lot easier

do you know why it's almost a perfect entry according to bbma

don't if any of you took advantage of the dive but I did

sell limits are in but I doubt they will be triggered today, anyway,,,

see post 507

trade didn't work out..

Long UY

my computer is acting strange and so I couldn't close some at the 50 ema but managed to do so lower. Anyway, the important thing is to lock in at b/e just in case it plays up again..I'm having an excellent day thus far and might close shop early

Why Can't I Follow My Trading System?

Perhaps the most common concern I hear from traders is that of "discipline": following one's trading plans, rules, signals, and/or system. Sometimes the lapses from discipline involve failing to take trades that are indicated. Other times, the problem is one of overtrading: taking trades that lie outside one's rules.
If we think of lapses of discipline in other areas--cheating on a diet, for example, or procrastinating on work that needs to be completed--we can see that, many times, we act against our longer-term self-interest by becoming caught up in shorter-term needs. If, for example, we cannot tolerate boredom, we might eat to fill the void and break our diet.
Ignoring those short-term needs, as a whole, doesn't work. Unmet, they eventually sabotage those longer-term intentions. We can tell ourselves that we'll do nothing but work all day, but other needs will inevitably creep in. Even if we don't act on them directly, we'll play them out in daydreams and escape work that way.
When discipline works, it's often because people have found constructive ways to meet those short-term needs. The smoker who craves a cigarette may chew gum as a substitute oral activity. I enjoy sipping on a hot drink while I'm working, but too much coffee can get me wired and that gets in the way of the work. Now, as I'm writing this, I'm sipping my herbal tea.
The key to sustaining discipline is to identify the specific short-term needs that are occasionally overshadowing trading rules. Once you've made that identification, it is easier to then brainstorm constructive ways of addressing those needs. Traders who overtrade, for example, often have problems during quiet market times. Their needs are for stimulation. By creating stimulating activities during the trading day that don't take them away from their screens, they can avoid using unwanted market activity as their stimulation.
This is one reason that teamwork and training at trading firms can be so valuable: they provide a constructive focus for traders apart from trading, especially during slow times. At one prop shop, Trading RM in Chicago, traders actively call out their "special trades" and make teamwork and interaction a routine part of the trading day. It's a little more difficult to avoid good trades and put on bad ones if you're sharing your actions with your colleagues!
Other times, traders fail to follow their rules because they don't truly have confidence in their ideas. They front-run their own signals out of anxiety and wait for perfection in setups before they act. Their short-term needs often are for safety and security: they need to believe in what they're doing. Very often this problem occurs when traders have short-circuited their learning curves. They are putting meaningful capital at risk before they've done the paper trading and small real-time trading needed to build a successful track record. You believe in your system when you see, in your own experience, that it works over time, across market conditions.
In general, I've found the cognitive and behavioral methods outlined in the Daily Trading Coach to be particularly helpful for discipline issues.

taking a long now and will add accordingly...this trade is based on the monthly..there is at least 150 pips in it

I was taken out while I was asleep earlier..I was feeling tired and turned off the computer

Trading is not about win rate and high risk reward, It is more than that,
It is strong believe in your self and your method, In bad time and in a good time.
Implementations of trading method is crucial than have good return in a week or months.

Don't get excited by watching 65% return in a month, if they could consistently do it they would be Number 1 reach man in the world but they are not they come here in ff and show off. In this Social media boom world, every one try to show off rather than developing skills, our focus shift from great work to silly work.
We all like to think we are best as a human even when we are not.
As example see Average IQ of different country people, you will see High average IQ country is not US, UK, China, or Russia.

without looking at any other tf, the daily itself tells me to look at shorts only

As a global macro even trader, You have to do

1. You have to understand chart ( most simple one)
2. you have to understand over all market context what events are moving the market. As a retail traders you will not understand all of the market moving reason, but If your focus enough you will understand some market conditions better than others. your job will risk little higher when your understanding market conditions.

3. Advantage of macro trading is, you will understand what market to avoid or what market to trade much better than only technical trader. Remember only technical traders are blind traders they manage risk and rewards. Anyone can become technical trader that is easy but understanding market with fundamentals events requires time and effort.

4. You will not always right but when your right you will have confidence to hold the trade since you have clear picture what is going on over all.

6. Economic Calendar is a part of fundamentals but not give complete picture, you will see after coming positive news market react opposite there are specific reason for that if you don't understand market over all context you will blame fundamentals don't work. Remember market moves because of fundamentals not because of your chart told that price will move certain directions.

7. There is no Leading technical indicator, Technical indicator can't lead price, if any one told you that pivot or any other indicator is leading indicator, Just stay out of them they are newbies.

8. without proper understanding fundamentals and market context, you can't hold trade for few days because you will always be worried this candle pattern or that indicator signal will change market opposite.

In daily chart I can see audusd in a range, As long as 72 hold I think it will move towards 75.
In H4 chart I can see 3 lag, now probably market will slow down or start trying to move up next week.

In H1 chart I don't see any COCH so, it exacted to move more lower until we get COCH.
It could slow down.

All 3 TF HA is bearish, No sign of reversal

almost same story as AU but NU is more slow and choppy as usual,
Difficult market to open trade I assume,

AU has room to fall and I will be looking at Aussie crosses. I have already gone long GA but will add more as time progresses. Let's wait for the market to open. The low bb will be the first target