The strengths of trading with FDP

The forecast is for a long time, the price made attempts to go lower, moreover, the bearish aggression was strong enough, but nevertheless, the support withstood, the formation of the pattern on the weekly chart, as well as the unstable classic pattern on W2 indicate a potential upward movement.
Sl - 85.424
Tp - 91.185

The first take profit has been achieved

+255 points

The experience of observing yourself and others shows that the biggest problem of all novice or already well - chewed traders is money. The desire to earn money quickly. In general, the reasons for your troubles lie in this. When I came into trading after watching enough ads: I will create my own system. Why? What сkind of system? You have read a book on technical analysis, a couple of articles about successful success and "I will write a trading plan". Let’s look at such statistics about the most difficult and stressful professions, according to some Americans expert. Top 3: traders, doctors, lawyers. Do you feel it? Once you read the criminal Code, you won't be the tough guy who closes the case. After reading book on anatomy, appendicitis cannot be cut out. Not to mention the fact that doctors stand for 12 hours at the table, picking at the brain, so that the person continues to exist. And you, after reading a book on technical analysis, want to become a trader. Well, it's funny. Letте's compare the average duration of training for a specialist. A doctor, even in the countries of the former Soviet Union, is trained and on average lasts 6 years at the university. And you are not a doctor yet, you are an intern who needs to study for another year, pass exams, and then you are a doctor. But you can't perform brain surgery yet, you need to work for 1-2 years as an ordinary doctor, then go to school, this is another 1-2 years, and then, maybe, you will be put to do complex operations, under the guidance of a much more experienced colleague. Counting: 6+1+2+2=11 years. A lawyer is also not from the university bench will go to defend a local authority. He must gain experience, become a specialist, and this will take years. And we, traders, have everything easy and simple. Here I read, there I read, there I was directly charged with the energy of trade and went to put my batteries on graphite. Let's look at technical analysis books, articles, and so on. What do they have in common? Nothing. Technical analysis is the basics, and if you ask to name the authors of the manuals, you will start something like this: Schwager, Volman, Nison, and then go: Fuller, Beggs, Dante, Raschke, Elder, maybe James16 will be remembered (it's an honor for me to write lines on the same forum where this legendary person shared his experience). Bollinger(already retired for a couple of days). Now, please note: the first three listed personalities are technical analysis, and the content of the books is about the same. But the whole subsequent series, what do they have in common? Except for the field for actions in the form of a graph. NOTHING. These are separate systems, separate views on trading, each name is a separate story, some of which grew out of the standard classical analysis.
So we begin to unravel the tangle. A beginner writes a trading plan based on such developments. What are the chances of success? They are almost nonexistent. Because the developments are not studied properly, each element is not disassembled into molecules. This is the first sin. Due to the fact that the method is not studied well enough, swings with transactions begin. Okay, if it’s just a minus in the framework of money management or risk management, it's rare, but it happens. Most people start to overestimate the risk and lose their deposit to the broker's delight. Recently I read one book: "With silt habits". The episode from the book is simple -the more we merge deposits, the faster it becomes a habit. Were you taught by biologists? Norm of reaction topic, here are your constant plums and become the norm of reaction for your brain, and then hello depression. I won't hide it, I'm also from this rink. And I've been fighting this habit, and I'm still fighting it.
That's it, your mousetrap clicked. You don't have a system, but only brief descriptions of other people's approaches, even if this 100 - page description is a short description, believe me. You have constant drains due to the desire to make quick money.
You don't need a broker who tweaked the quotes or mythical personalities who knock down your stop-loss , or economic news on which you lose your deposit. What for? You will ruin yourself, and this process has already begun.

By the way, about money and the desire to earn money: according to the results of modest observations, most people have an attitude: I will have a deposit of 3000$ - 5000$, then I will adhere to all the rules, work as needed. And now you need to quickly earn a mythical amount, and then everything will be fine. So, dear ones, it won't happen. None of this will happen. Whether you have 100$, 1000$ or 10 000$, you won't have any of this. I was convinced by my own example, when a large amount of money flew away in an hour, and on other people's accounts, when people merged apartments in a day. Yes, I witnessed a case where a trader leaked 70 000$ faster than he could click his finger.

Wow, the monologue turned out, but just a few simple conclusions from this:
1: Look for what is closest to you, and if you like it, understand it thoroughly. Build your theories on this material, you do not need to blindly believe the lines in the manual and strictly follow them. Look for your little things, test them, build theories about them, refute or confirm them. Do you know when I wrote my trading plan? In the eighth year of his trading career.
2. You are set up for a long-term perspective and the opportunity to reach the security itself through trading. Your goal is not to earn money, money. No beating off the amounts, no pitying snot about the merged deposit, there was and was, there will be more, but then. Survive for at least six months, close the profit every month, and then you can draw intermediate conclusions. Again, this is a reference to habit, they are formed not 21 days, which is so advertised on the Internet, this process is very long, 21 days is just the beginning. The longer you maintain a constant profit environment in your head, the less likely it is to be destroyed.
3. Analyze each trade for a negative, become a child-why-should-you-be-in-the-know attitude to yourself, and deal with both the profit and the minus.
4. Well, years, comrades, years of work, and not in one sitting to build up a trading plan for yourself.

You will succeed, and as always with me, my chaotic manner of presenting the text.
Thank you for your attention, your FaD.

The price has reached the target

There was also the idea of a EURJPY long, but somehow I forgot to publish it here, closed part of the position at 132.220, I'm waiting for a take of 133.719

GBPCAD - Short

Stop - 1.7110
TP1 - 1.6730
TP2 - 1.6163

Yet he was right

Time
Dear reader, you are sitting on the other side of the monitor, reading these lines. Yes, once upon a time, a long time ago, or maybe recently, you came to trading, why? The answer has been heard more than once in these virtual walls - for money. Look back, how much has been experienced? How many systems have been plowed, approaches studied, articles and books read. How many hours have been spent at the terminal. And make a conclusion, sum up all these efforts. What is the outcome? I will be very glad if everything worked out. And if not all? If even 10% of what was planned didn't work out? What to do? And it's time, dear reader, to draw conclusions. Analyze the time spent and be honest with yourself. What to do then? Throw, or optimize. It won't work to quit, a trading needle, eh, heroin addicts are just kids. Anyway, shekels, and the hope that everything will work out, do their job. And they will do it through the years. And this shit will gnaw from the inside, not now, after a while. Time, it will show everything, but now it's time to sum up a fairly detailed summary of all these cases and draw conclusions. Otherwise, time and memories will break, and it would be better to break a leg, so there will be many times less pain ....

Hello everyone, I rarely appear here, I have a telegram channel where I think about the market more often, publish some entries. I invite you, but there is a problem, I am Belarusian and my language is Russian. Telegram has introduced an automatic translation function, so I think it will not be difficult to read my ideas. Thank you all and have a nice day/evening/morning
https://t.me/dnfad - trade diary
https://t.me/mslfad - My thoughts on trading psychology

Stop loss

Hello everyone, I am looking for one candidate to master my system. I have one condition, I do not speak English, and I would like to learn about the ability or ability to explain everything through a translator, there is a group in telegram where the main lectures are presented in Russian, in general, this is more an experiment, on the ability to communicate with a person who does not speak Russian. The experiment will last several months. My conditions are simple: treat the case responsibly, devote at least 3 hours a day to mastering the material and practice, follow all the rules provided. Don't take it as an advertisement, it's just an experiment. As a result, you will get some knowledge, and I will get the experience I need, which will be very valuable. Everything is free. My contacts are listed in the messages above

position is closed - R2,5

R2 is, 38 points will not make the difference, plus we entered the area of take, and there may reverse. The position is closed

Being yourself or fighting with yourself.
Hello all, the same FaD is on the line. So, I was resting on a beautiful lake, and a thought came to mind for these lines. People, and what drives them. I tried to think for myself. There are people who like their work, regardless of earnings (of course it is better if it will cover all needs), and those who go to work as a hard labor. The first can still be distinguished in the form of hired labor and self-employment. The latter, alas, except for the need in the form of survival, the closure of basic needs (to eat, dress) nothing else comes to mind. What motivates people? FEAR. Yes, he alone is the stumbling block. But, it is fear that is the trigger: being yourself or fighting with yourself. What does it mean to be myself? I don't know, by nature humans have a weak psyche. It doesn't develop over time. Yes we have a lot of knowledge, which we have invented for ourselves, in which we have developed and are moving on, but all this is hinged on an ancient machine. Let us imagine a 19th century steam engine with computer control, and this is roughly the same situation with our brains. It is an ancient steam engine, which is hinged with all sorts of modern gizmos and attempts to make it all work. Fear, fear of changing the already established rhythm of life, because here you know that tomorrow you will eat your pasta with cheap sausages from the nearest supermarket, but to try marbled beef in the future, but maybe not see pasta any time soon - such thoughts the brain itself rejects. Because of fear. All because of it, and here is this small detail prevents the further development of the self. Ways to solve, are there any? Of course, look at those who daily do all sorts of useful things and move progress in the world. Would they be able to do this if they were afraid of the result? Of course not, progress would not move globally beyond mushroom picking and primitive communication with a tribesman. And again the dependence, the further progress is moved by comrades who have overcome fear, the worse it is for those who are forced to adapt to changing conditions of life. Conditions change, fear of the new, which means more and more people are loaded with depression and other crap. Fear, a thing quite normal, but you don't have to use it everywhere. Is the boss a fool? Yes, you've decided for yourself that he's an asshole, but if you dig deep down inside, you just have a critical mass of disagreement with the current processes, and maybe you have some ideas to make those processes easier. And you'd love to offer, but? You're afraid of the backlash to your innovations, you're afraid of the reaction, you might get sent off with a ridiculous severance package, or you might move up the career ladder. And you're scared, that's all. The instinct of self-preservation is laced with fear, but not in the proportion that it should be, but many times beyond what is reasonable. So why can't people become traders? Fear, for what's building up in your soul (superior above). Now you have to clean up the crap that has accumulated, because you can somehow deal with your boss. Shift responsibility, he's the shithead, not the fool. At the beginning of trading there is an opportunity to shift the responsibility on someone, like the market has changed, the broker did not let open, the button is stuck, the quotes are drawn.
But the farther you go, the stronger the realization hits you - you're just a sucker who can't fight himself. And then it's up to you to choose, to be yourself (a kind of middle class) or to fight with yourself? The choice is yours, I help as much as I can in training and listen to all kinds of shit in private, but nevertheless, all responsibility lies on your cuckoo, and there my authority all. Hope the read was helpful, as always FaD was with you. See you soon!!!
P.S. the main thing is to admit it to yourself in time, and the case will go, or keep indulging yourself illusions