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  • #1,661
  • Jun 2, 2023 3:47am Jun 2, 2023 3:47am
The self is an illusion
I am not author of my thoughts
I am not my next thought
True freedom is free from my mind, no wealth can match that.
Ego's dissipation is a must while trading.
Its great to be in flow state whether while I am cooking or trading.
Magic happens when deeply understanding this .
on a postive roll...
  • #1,662
  • Jun 3, 2023 5:28am Jun 3, 2023 5:28am
Quoting Rmg
The self is an illusion I am not author of my thoughts I am not my next thought True freedom is free from my mind, no wealth can match that. Ego's dissipation is a must while trading. Its great to be in flow state whether while I am cooking or trading. Magic happens when deeply understanding this .
Thanks for the trader philosophy mindset.
I'm interested in shorting the DOW Jones 3rd week of June. Perhaps some seasonality weakness will come in.
Be humble or be humbled.
  • #1,663
  • Jun 4, 2023 2:42am Jun 4, 2023 2:42am
Quoting Rmg
The self is an illusion I am not author of my thoughts I am not my next thought True freedom is free from my mind, no wealth can match that. Ego's dissipation is a must while trading. Its great to be in flow state whether while I am cooking or trading. Magic happens when deeply understanding this .
I didnt understand yet if you want become a good trader or a good philosopher RMG.......but I start to suspect that a good trader must be a good philosopher too....

Keep the faith RMG. You certainly deserve the best for your trading and for your life

Inserted Video
I call upon my father's spirit , watching over me
  • #1,664
  • Jun 4, 2023 7:51am Jun 4, 2023 7:51am
Quoting Brixen
{quote} I didnt understand yet if you want become a good trader or a good philosopher RMG.......but I start to suspect that a good trader must be a good philosopher too.... Keep the faith RMG. You certainly deserve the best for your trading and for your life https://www.youtube.com/watch?v=eZQyVUTcpM4
Trading philosophy is so intervened with personal beliefs.
Acting upon everything our mind tells us a recipe for disaster especially while Trading. Our mind/self/ego all same thing is an illusion.
Egoless isn't possible until death or becoming a Buddha.
But separating our ego from the Trading outcome is possible and its frigging hardwork.
A change in personal nature is required for success in Trading. How and why is differ for everyone.
Some may find it easy for many isn't.

What I noticed from your journal..
Your gratitude
Your believe about your god
Being humble enough to stay away when needed.
These are all your traits for your success.

Andrew menakar said he met some psychopaths who are all profitable traders. BCZ no emotions among them.

Fully mechanical systems isn't a solution for this .

I am profitable for now hope to stay this way.
on a postive roll...
  • #1,665
  • Jun 4, 2023 8:10am Jun 4, 2023 8:10am
Quoting Temujin
{quote} Thanks for the trader philosophy mindset. I'm interested in shorting the DOW Jones 3rd week of June. Perhaps some seasonality weakness will come in.
what I see is indices are poised for all all time highs in this month regardless of the what happened in the past.
Downside momentum sealed last month.
It only my read . Happy to be wrong.
on a postive roll...
  • #1,666
  • Jun 6, 2023 3:57pm Jun 6, 2023 3:57pm
Being comfortable with the discomfort. .
Never-ending regrets of something could've..
The mind game we play with ourselves in the spectrum of fear and greed.
on a postive roll...
  • #1,667
  • Jun 6, 2023 5:24pm Jun 6, 2023 5:24pm
Time based or profit based goals are recipe for disaster.
on a postive roll...
  • #1,668
  • Jun 6, 2023 5:33pm Jun 6, 2023 5:33pm
Quoting Rmg
Being comfortable with the discomfort. . Never-ending regrets of something could've.. The mind game we play with ourselves in the spectrum of fear and greed.
people leave, but this thread will go on for ever
  • #1,669
  • Jun 9, 2023 1:33am Jun 9, 2023 1:33am
Trading just cable in London session,used to it 5 years ago. Predictable swings and profitable than US30..
switch to Dow after NYO.
sometimes both but explosive equity.
on a postive roll...
  • #1,670
  • Jun 11, 2023 4:24am Jun 11, 2023 4:24am
Separating our decision making progress from the outcomes by categorising Good trades losses vs bad trades wins is a must have skill. This is what trading is all about not technical analysis perse.

Understanding how our mind works and what mind really is....outside the scope of FF ...no point blabbering my discoveries here.
on a postive roll...
  • #1,671
  • Jun 14, 2023 9:45am Jun 14, 2023 9:45am
Gbpusd
Bought every low of 15 min candles since FO ..every target hit and still going like a rocket and I am not done until I see clear break of 15 min candle low.
Great day in terms of P/L.
Monthly goal surpassed.
on a postive roll...
  • #1,672
  • Edited 7:17am Jun 21, 2023 3:52am | Edited 7:17am
Forcing some changes, adding fewer rules to smooth the equity curve.
Big win day clogs up the mind no matter what ego bloats and tone changes



new approach
1 trade at a time
1 loss quit for the day
2 wins quit for the day
1:1 predetermined exit.
2 hrs from LO only.
15 minutes timeframe
This way less stress, keep the day job happy and still on track to financial freedom.
I am trading GBPUSD or GBPJPY only not US30 anymore as ADR dried out sideways until making new HH and difficult PA in euro session also am busy at work when NYO. Still twice a week I trade NY session.

Less is more.
on a postive roll...
  • #1,673
  • Jun 22, 2023 1:29pm Jun 22, 2023 1:29pm
lows are held probably rally tmrw.
on a postive roll...
  • #1,674
  • Edited 7:30am Jun 25, 2023 7:06am | Edited 7:30am
Quoting Rmg
Forcing some changes, adding fewer rules to smooth the equity curve. Big win day clogs up the mind no matter what ego bloats and tone changes new approach 1 trade at a time 1 loss quit for the day 2 wins quit for the day 1:1 predetermined exit. 2 hrs from LO only. 15 minutes timeframe This way less stress, keep the day job happy and still on track to financial freedom. I am trading GBPUSD or GBPJPY only not US30 anymore as ADR dried out sideways until making new HH and difficult PA in euro session also am busy at work when NYO. Still...
gave it a lot of thought and come to conclusion that mechanical trading isn't, for me. Equity curve swings are normal that5part of the discretionary trading can't avoid it.
Hiding behind mechanical systems are to avoid uncertainty and discomfort comes with it.
instead practice rigid risk management and flexible with strategy.
Now I have mastered the art of picking LOD/HOD.
thete are only handfull of patterns to identify them in real time. The formation of the candle and the ferocious move away from the levels....only can subjectively felt, cannot be taught or learn from someone trading live.
Consistency is a buzz word in trading.
There is nothing consistency about market or human behaviour.
Only matte is to following risk management consistently.
Nothing else matters.

Instead of entering all at once breaking risk into 4 entries and play within a area of interest.
Scale in all out at predermind exit.
GBPJPY is way more smoother then gbpusd
Less fake outs in GBPJPY.
Still favouring indices are to all time highs.

Markets are forward projecting machine.
Disconnected from real economy in real time.

"Pound is going to fall" housing bubble" this or that all the nonsense around predictions simply show people can't trade.
on a postive roll...
  • #1,675
  • Jun 27, 2023 3:26am Jun 27, 2023 3:26am
Attached Image (click to enlarge)
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on a postive roll...
  • #1,676
  • Jun 27, 2023 4:49am Jun 27, 2023 4:49am
Quoting Rmg
{quote} gave it a lot of thought and come to conclusion that mechanical trading isn't, for me. Equity curve swings are normal that5part of the discretionary trading can't avoid it. Hiding behind mechanical systems are to avoid uncertainty and discomfort comes with it. instead practice rigid risk management and flexible with strategy. Now I have mastered the art of picking LOD/HOD. thete are only handfull of patterns to identify them in real time. The formation of the candle and the ferocious move away from the levels....only can subjectively felt,...
You forgot being/having patience.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,677
  • Jun 27, 2023 5:04am Jun 27, 2023 5:04am
Quoting Dutchy Daxy
{quote} You forgot being/having patience.
Yes, obviously the most important factor...admit that I am lacking patience big time.
Being patience is work as many traders said that. hard one to get over but a work in progress.
on a postive roll...
  • #1,678
  • Jun 28, 2023 11:43pm Jun 28, 2023 11:43pm
Quoting Rmg
{quote} "Pound is going to fall" housing bubble" this or that all the nonsense around predictions simply show people can't trade.
market is unpredictable
but patterns do exist and they do repeat
as with everything in life nothing works 100%
some better than others with high RR
the only thing that's in our control is exposure and take profit
so to succeed in this game I've realized you need to focus
be it the instrument you trade down to specific pattern or a system
sometimes you'll be wrong regardless or not you've identified the pattern correctly (this was the hardest pill to swallow for me)
but I've come to the realization that trading is a business market won't be in the mood to give you 300pips every single day
as long as there's a decent profit for the week a few losses here and there is the cost of doing business
but losses should never exceed profit
you know you've reached consistency when trading becomes boring its the same thing day in and day out
you identify your pattern put your stop loss take profit level and learn to walk away
and let time and compounding take care of the rest
we tend to complicate things when in reality the more we simplify the closer we are to the truth
Attached Image (click to enlarge)
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  • #1,679
  • Jun 30, 2023 10:18am Jun 30, 2023 10:18am
Quoting Rmg
{image}
Missed the entry twice....at work.
on a postive roll...
  • #1,680
  • Jul 5, 2023 3:16pm Jul 5, 2023 3:16pm
Grabbed 15 pips of GBPUSD at LO and went to work.
Came Bact to see missed nothing.
Actually 15 pips per day can pay my bills for a start.
on a postive roll...
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