Real Trading

Happy new year to all of you. May this new year bring a lot of happiness to all. Have a wonderful year a head.

Thanks for the post Pipso Facto and it's great post for the New Year.

I believe there are only two things we need to become a successful trader: dedication and humility.

We need to be dedicated because if we continuously wander around in our dreams of becoming a great trader without taking the necessary steps to reaching that goal then we will fall into the ever so popular trap of wasting precious time looking for the easy ticket to mastery.

Wasting months searching for the systems with proven track records or reading about the latest and greatest EA's that somehow never have a losing trade only to find in the end that we are no more knowledgeable about the workings of the market than we were when we started.

The first step is to realize that its going to take a lot of work and a lot of failures before we make real progress but know that it is not impossible.

Humility is probably just as important!

We have to accept that we are going to make mistakes along the way because we must have an understanding with ourselves that we do not know everything and we are always able to learn more about the markets.

So in the end the time it takes really depends on our level of dedication and willingness to learn.
Investigate historical price movements, read lots of books, and practice practice practice!
With proper backtesting I think a person could become reasonably successful in about three years from the first draft of their system


Thanks again for your comments, and all the best..


Happy New Year 2022.

Warm Regards

PAT

its that time of the year again end of 1 and the beginning of another time to look back and see what you achieved and time to look forward and set your goals and aspirations for the future.
Only you as an individual can make it happen work and study hard dont over risk and be honest with your self and you willl achive your trading goals.

I know i will

Happy new year!

Happy New Year to everyone. Success and good health for 2022

Guys, please share your higher timeframe (daily) view

not exactly what you was asking,,. but
what I wanted to do for a while already.., to compere gold and oil charts
and
here we are.., thank you


weekly

and gold 4H
9 bulls candles in a row.., last one the "inside" bar


no comments.., and no daily
sorry

[quote = genadi; 13842023] {quote} [/ quote]
Ты русич? я знаюа.руски язек, я его учил, по своей специальност международны отнощени. Я смотрит твои записи, мне очен нравит твои собшени, у мена даж ест кирилиц. рускм народ очен хорош, я много знат о руси. Но ваш презыденто, очэн не хороши. Я попитки пожелаты тюбе хврвшо нови года. Ти мои брати, спасиб за откравен!!! Твои имена звучати как Генадиии, я прави?

Я конец путат руски с греческ язык, у вы ест соединени язики. Но гугл решат пробем еты. Прывате брате с навим гадам! Надэтю вы панимыти маи язики руси, была давна ети в ссср.

To be successful in trading one needs a system that one follows and one needs to be disciplined. Pat on Friday followed his/her system even when the outcomes went against her/him knowing that he/ she would retrieve his/her loses over time. Now that shows confidence in ones system. No system is 100 percent successful.

We as "retail traders" have one really big advantage over "big" players/institutional traders/banks in these markets that one should take advantage of.
Its simple but at the same time really overwhelming for some people and that can be the decisionpoint - make or break of Your trading career.
Knowing when to stay out of the market & taking only high probability setups when its really loaded in one direction over the other one.

My key words for 2022 before making any move - patience & discipline.

- Patience to wait for perfect setup to form in both higher & lower timeframes.
- Patience to wait for level to get reached.
- Patience to wait for limit order to get filled or candlestick(s) to close in certain way before taking entry/profit.
- Patience to give the market chance to fill the pocket with big move.

- Discipline to show up every day and week to look for the same previously successfully backtested & forwardtested confirmed working pattern/setup with strict criterias.
- Discipline to protect capital and risk only certain calculated comfortable % that You are willing to lose along with max daily loss/drawdown. Thats what keeps You in the game for long run!
- Discipline to review Your trades and learn from mistakes & failures.
- Discipline to accept that market conditions change constantly, willingness to put the trade into breakeven instead of watching it run stop loss all the way from profit.
- Discipline to accept that its a business like any other, accepting that no system is 100% perfect, there are losses and You have to take them like a man if You wanna survive. Leave your emotions and ego. Dont hopetrade. Failures are part of the success, part of the journey, embrace them, learn from them. Like the poster on my wall says - Pain is just weakness leaving the body. It is an opportunity for growth, You cant control the markets, so control what you can!
- Discipline to walk away and enjoy life if the setup/pattern doesent line up perfectly to Your expectations.






The task ahead is never as great as the power behind You.
Your power is in Your thoughts!

Have a good 2022 everyone!

I really like the GBPJPY .. this "strong support" (equal lows liquidity pool) looks too good to be true if bullish, ofcourse it can also be a accumulation zone but even then theres high chance that all those stops will be taken out before rallying up. Im seeing alot of bearish HTF (monthly, daily & weekly) confluences, but still have to wait for shift in 4H/1H market structure to even consider looking for short opportunities in lower timeframes.
156 is combination of old support, weekly OB, daily OB and 4H OB & BB + FVG. 158 can also be a valid POI, depends how price behaves @ 156.

you are "positive" ( not with covid.., ).., with gold
opening with a gap up.., H 31.60(68) for now

trade safe