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Biting the Big Apple - XAUUSD M1 trading London close / NY open

  • #761
  • Jan 23, 2024 9:16am Jan 23, 2024 9:16am
Quoting mrdfx
{quote} {quote} Hi guys, I'm not really doing anything differently on US30, I'm using the same template that I use for gold, and I follow the same approach. US30 is also very volatile around the 9:30 so you need to set the right SL & TP, for me I'm using a 30/40 pip 1:1.
Hi mate, what RR you usually use for XAUUSD?
  • #762
  • Jan 23, 2024 12:45pm Jan 23, 2024 12:45pm
Quoting Arima03
{quote} Hi mate, what RR you usually use for XAUUSD?
Hi Arima03, I usually use a 1:1 RR.
Truth is like poetry. And most people f*cking hate poetry.
  • #763
  • Jan 23, 2024 2:07pm Jan 23, 2024 2:07pm
Quoting mrdfx
{quote} Hi Arima03, I usually use a 1:1 RR.
Thanks!
  • #764
  • Jan 24, 2024 11:39am Jan 24, 2024 11:39am
Hello friends, I come to tell you a little of this week, I have been involved again by emotions and taking revenge, so I have decided not to punish myself, but to learn from it, the rest of the week I will not operate more, but I will be busy attaching images of ideal setups for buying and selling that I have been collecting from this wonderful thread, when I finish it I will share it here, I will include some things I have been learning from BTBA and price action; it should be noted that I will take this pdf as a guide for my prop firm challenge, good luck to all and ending the day I will also leave you the final report of my account that began in January, greetings and sorry for the long text hehe
Translated with DeepL.com (free version)
  • #765
  • Jan 24, 2024 2:55pm Jan 24, 2024 2:55pm
Great thread, ties in well with some of my strategies, just need to master the mental game! Thanks for sharing!
  • #766
  • Jan 24, 2024 3:53pm Jan 24, 2024 3:53pm
Quoting LinuxBoy97
Hello friends, I come to tell you a little of this week, I have been involved again by emotions and taking revenge, so I have decided not to punish myself, but to learn from it, the rest of the week I will not operate more, but I will be busy attaching images of ideal setups for buying and selling that I have been collecting from this wonderful thread, when I finish it I will share it here, I will include some things I have been learning from BTBA and price action; it should be noted that I will take this pdf as a guide for my prop firm challenge,...
If you need some help send me dm
  • #767
  • Jan 24, 2024 4:21pm Jan 24, 2024 4:21pm
Quoting LinuxBoy97
Hello friends, I come to tell you a little of this week, I have been involved again by emotions and taking revenge, so I have decided not to punish myself, but to learn from it, the rest of the week I will not operate more, but I will be busy attaching images of ideal setups for buying and selling that I have been collecting from this wonderful thread, when I finish it I will share it here, I will include some things I have been learning from BTBA and price action; it should be noted that I will take this pdf as a guide for my prop firm challenge,...
Don't punish yourself, I have a remedy.

Initiate a pause from trading and from the market for a minimum of one week, refraining from the use of any electronic devices during this respite. For the initial two days of your break, consciously avoid contemplating trading activities. The compulsion to monitor every market movement may persist, prompting the necessity to abstain from chart analysis during your vacation. Dedicate a period of 3-5 days to this break before reevaluating your trading approach. It is imperative to acknowledge that the resolution of this matter lies solely within your personal commitment.

Reflect on the effectiveness of the following measures, I seriously followed them, and they really helped me fix the problem. e.g. Focus on Quality, Not Quantity take selective RR, Review and Analyze Past Trades, Control Emotional Responses specially "FOMO" , Always Take Breaks.

Remember what Krik taught "Trade for Living not Living to Trade" Great meaning inside this quote if one can learn

Read the below post of Krik again and again, I am amazed and it added value in my trading, adding screenshot

https://www.forexfactory.com/thread/...2#post14684682


I am no one to say this however sharing my experience which took me to next level by just working on phycology. Just Remember that even possessing the Holy Grail won't ensure success if one lacks control over their emotions.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
If you believe in yourself anything is possible !!
  • #768
  • Jan 25, 2024 12:21am Jan 25, 2024 12:21am
Quoting imifx
{quote} Don't punish yourself, I have a remedy. Initiate a pause from trading and from the market for a minimum of one week, refraining from the use of any electronic devices during this respite. For the initial two days of your break, consciously avoid contemplating trading activities. The compulsion to monitor every market movement may persist, prompting the necessity to abstain from chart analysis during your vacation. Dedicate a period of 3-5 days to this break before reevaluating your trading approach. It is imperative to acknowledge that the...
Thank you imifx for your post. This is all way more important to trading than just the strategy. The more we can get people to focus on themselves and their psychology the better the results we can expect.

Right now I will admit that my own psychology is taking a beating. Someone very close to me likely has only weeks left to live due to a long cancer battle. This is no time for me to be trading.

It is important to choose the best time to trade. Not just the best session time, but also the best time when YOU are feeling in control of your emotions. There are times in all of our lives when something happens that rattles our cage and causes us to lose focus.

For me right now I am feeling distracted and emotional, because very soon I will lose someone very near and dear to me. So I will take a break from trading until I feel more emotionally in control again.

I will still be here in the thread answering questions though

Thanks to all of you who contribute in here, I am proud of this thread and how positive and supportive it has become.

And that's all thanks to you guys.
Trade to Live - Don't Live to Trade
  • #769
  • Edited 7:13am Jan 25, 2024 4:41am | Edited 7:13am
Quoting kirkleaforex
{quote} Thank you imifx for your post. This is all way more important to trading than just the strategy. The more we can get people to focus on themselves and their psychology the better the results we can expect. Right now I will admit that my own psychology is taking a beating. Someone very close to me likely has only weeks left to live due to a long cancer battle. This is no time for me to be trading. It is important to choose the best time to trade. Not just the best session time, but also the best time when YOU are feeling in control of your...
So true Kirk, sorry to hear about your Friend.

People need to realise, if they want to win at this game consistently, they have to understand that obviously you need a good trading system, but it is just a tool to get into a trade, the real part of trading is how you approach trading and handle yourself before and while in a trade. TikTok and Utube are full of systems, some are very sound strategies, but still impossible to win if you can't get it right emotionally.

Trying not to bring the tone down, people don't want to hear about other people's problems, they have enough with their own, but I will personally put myself on the line here to make a point, I have been fighting cancer, for the past four years and now winning the battle. I have traded off and on since 2007, but had to take a break due to obvious problems.

I am only just coming back, but now, I am finding out emotionally that I am an anxious and hesitant, not a good trading requirement...and it is showing in my trading results. I always trade only the best setups, I know they work well for me and it's in my Trading Card.

So I got up early for Frankfurt to plan a trade, did my mark ups and levels, saw a perfect opportunity and waited, price came exactly to where I wanted to enter and I would of been using a tight stop loss, but I hesitated and missed the trade, which worked out perfectly and would have been very good R & R.

The point is due to my emotional psychology, I did not take the trade, if I had, I would of been done and dusted for the day with a very nice profit, but instead traded on a trade with a worse probability outcome for a successful trade. I did make a small profit on this, but if I had just followed my plan earlier, I wouldn't have been trading again for the day, wouldn't have had too. If the second trade had lost, I would of gone from a potentially very successful day to a disastrous day, just because I hesitated earlier on a high probability trade setup that I know and works for me.

Trading really is 20% trading system and 80% Psychology, its obvious where most of your study should be spent.

People - Your psychology books should vastly outweigh your books on trading, I wish somebody had told me that when I started years ago.

Sorry, just had to get that off my chest for my own emotional psychology and wellbeing.

I have updated the trading card yet again, its personal to me, but anybody wants it.

Cheers Peter.
Attached File(s)
File Type: docx Trading Card 2.docx   22 KB | 274 downloads
“A setback is a setup for a comeback.”
  • #770
  • Jan 25, 2024 5:51am Jan 25, 2024 5:51am
Quoting marshy
{quote} So true Kirk, sorry to here about your Friend. People need to realise, if they want to win at this game consistently, they have to understand that obviously you need a good trading system, but it is just a tool to get into a trade, the real part of trading is how you approach trading and handle yourself before and while in a trade. TikTok and Utube are full of systems, some are very sound strategies, but still impossible to win if you can't get it right emotionally. Trying not to bring the tone down, people don't want to hear about other...
Peter, your words were meant to be written and shared here and they should be read and heeded by as many traders as possible.

I am sorry to hear about your health journey, but I am pleased to read you have turned a corner. I wish you continued good health.

Your story about your hesitation earlier today and what you feel that has cost you today echoes so many of my own stories over the many years I have been trading. These moments and choices and decisions are worth reflecting upon but I hope you are not beating yourself up over it. There is always another opportunity, another day.

Thanks for your updated Trading Card. It is a valuable tool for anybody wanting to take their trading seriously. And thanks for your honesty and transparency here, it adds a lot of value and I appreciate it.
Trade to Live - Don't Live to Trade
  • #771
  • Jan 25, 2024 6:18am Jan 25, 2024 6:18am
Quoting kirkleaforex
{quote} Thank you imifx for your post. This is all way more important to trading than just the strategy. The more we can get people to focus on themselves and their psychology the better the results we can expect. Right now I will admit that my own psychology is taking a beating. Someone very close to me likely has only weeks left to live due to a long cancer battle. This is no time for me to be trading. It is important to choose the best time to trade. Not just the best session time, but also the best time when YOU are feeling in control of your...
I am sorry to hear about that Krik, may you get the strength to bear that loss.
If you believe in yourself anything is possible !!
  • #772
  • Jan 25, 2024 6:18am Jan 25, 2024 6:18am
Quoting marshy
{quote} So true Kirk, sorry to here about your Friend. People need to realise, if they want to win at this game consistently, they have to understand that obviously you need a good trading system, but it is just a tool to get into a trade, the real part of trading is how you approach trading and handle yourself before and while in a trade. TikTok and Utube are full of systems, some are very sound strategies, but still impossible to win if you can't get it right emotionally. Trying not to bring the tone down, people don't want to hear about other...
Peter,
If you believe in yourself anything is possible !!
  • #773
  • Jan 25, 2024 6:49am Jan 25, 2024 6:49am
Quoting kirkleaforex
{quote} Right now I will admit that my own psychology is taking a beating. Someone very close to me likely has only weeks left to live due to a long cancer battle.
Believe me or not, I understand you. I am living with and taking care of my mother who has dementia.
  • #774
  • Jan 25, 2024 7:27am Jan 25, 2024 7:27am
Quoting kirkleaforex
{quote} Peter, your words were meant to be written and shared here and they should be read and heeded by as many traders as possible. I am sorry to hear about your health journey, but I am pleased to read you have turned a corner. I wish you continued good health. Your story about your hesitation earlier today and what you feel that has cost you today echoes so many of my own stories over the many years I have been trading. These moments and choices and decisions are worth reflecting upon but I hope you are not beating yourself up over it. There...
Hey mate thanks for that, after the reflection, I did beat myself up nicely by taking the dog for a walk, which I love to do, clears the cobwebs.

Peter.
“A setback is a setup for a comeback.”
  • #775
  • Jan 25, 2024 3:09pm Jan 25, 2024 3:09pm
Quoting kirkleaforex
{quote} Thank you imifx for your post. This is all way more important to trading than just the strategy. The more we can get people to focus on themselves and their psychology the better the results we can expect. Right now I will admit that my own psychology is taking a beating. Someone very close to me likely has only weeks left to live due to a long cancer battle. This is no time for me to be trading. It is important to choose the best time to trade. Not just the best session time, but also the best time when YOU are feeling in control of your...
Dear Kirk, I am very sorry to read what you wrote. I hope your friend gets well soon. I pray for him too.
  • #776
  • Jan 26, 2024 2:41am Jan 26, 2024 2:41am
Quoting kirkleaforex
{quote} Thank you imifx for your post. This is all way more important to trading than just the strategy. The more we can get people to focus on themselves and their psychology the better the results we can expect. Right now I will admit that my own psychology is taking a beating. Someone very close to me likely has only weeks left to live due to a long cancer battle. This is no time for me to be trading. It is important to choose the best time to trade. Not just the best session time, but also the best time when YOU are feeling in control of your...
I am truly sorry to hear about someone close to you who is really ill, its really touching and I pray that God give you the strength tp carry on and be there for him/her wherever he/she may be. My thoughts are with you...
  • #777
  • Jan 26, 2024 4:10am Jan 26, 2024 4:10am
Quoting marshy
{quote} So true Kirk, sorry to hear about your Friend. People need to realise, if they want to win at this game consistently, they have to understand that obviously you need a good trading system, but it is just a tool to get into a trade, the real part of trading is how you approach trading and handle yourself before and while in a trade. TikTok and Utube are full of systems, some are very sound strategies, but still impossible to win if you can't get it right emotionally. Trying not to bring the tone down, people don't want to hear about other...
Attached File(s)
File Type: pdf _OceanofPDFcom_the_mental_game_of_trading_-_Jared__231117_212121.pdf   3.9 MB | 381 downloads

Attached File(s)
File Type: pdf Brain Hacks For [email protected]   1.0 MB | 1,867 downloads

Attached File(s)
File Type: pdf Just Shut Up and Do It (3).pdf   634 KB | 378 downloads
  • #778
  • Jan 26, 2024 4:17am Jan 26, 2024 4:17am
Quoting T721
{quote} {image} {image} {image}
Thanks for these valuable resources.

Keep sharing everyone, i like where this is heading!
Trade to Live - Don't Live to Trade
  • #779
  • Jan 26, 2024 4:19am Jan 26, 2024 4:19am
Quoting kirkleaforex
{quote} Thanks for these valuable resources. Keep sharing everyone, i like where this is heading!
You welcome pal
  • #780
  • Jan 26, 2024 4:55am Jan 26, 2024 4:55am
Quoting kirkleaforex
{quote} Thanks for these valuable resources. Keep sharing everyone, i like where this is heading!
If you need any order block PDFs oor SMC concept PDFs let me know and i will drop them.... If you can think of anything else that might be useful here let me know and i will see if i have them. I have more stuff than anyone will ever be able to learn
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