. it is because of you guys that i have been able to somewhat reach the next level. still a long way to go , but atleast i am in the right direction. thanks again. have a great weekend.
Hello everyone. ( again). Well some of u already know me but a lot of newcomers dont. I have been following Phillip's 4 hour system for a while now . But recently i was taking sometime off from the forum and chat room to focus within. you could call it soul searching i guess. After quite a few frustrating months of not GETTING IT i think i am finally on the right track, If u bear with me for a few minutes i would like to write down a few thoughts.
When the more experienced traders would give an advice i would think in a Positive way that it is easy for them to say something because they have been doing it for so many years, BUT the reason they were saying it WAS BECAUSE THEY HAVE BEEN trading for a certain amount of time. Sounds simple enough eh? it is not. I have come to discover that only you yourself can develop yourself as a trader. no amount of signals and systems can do it for you. Only thing you need is a system that suits you, a good support system( positive mentoring from fellow traders) and IRON STRONG DICIPLINE. and of course time and effort.
Dont get lost in the crowd. Make your own limits and rules for trading ( not system rules)AND STICK TO THEM.
For the last couple of weeks a lot of things that i have read and heard about trading were clear to me.
If i dont see a trade i dont try to make one happen.
The market is ever flowing , when i see an opportunity staring at me , I do not hesitate to take it.
I can take a loss pretty well , like the one on euro today. It was a Valid set up but it just did not work out as anticiapted.I dont get frustrated and upset because i only risk what i can afford to risk.
The market does not owe me anything. But i owe it Respect because it is my source of income.
I cannot predict the next candle i can only anticipate in advance and when the opportunity shows it self then trade IN THE MOMENT. what are the charts showing me NOW .
Dont try to be like a trader who is doing well , be successfull in your own way.
It will all come to u in good time , Never underestimate or put yourself down because some else made 600 pips in 2 weeks, If you are hardworking, persistant and learn with an open mind your time will come too.
This post is not directed to any one in particular but are my own stages that i am going through. i have to train my self first before i can call my self a trader, there is only so many times that i an get lucky but then it will come down to how i manage my business. and still be profitable 10 or 15 or 20 years from now. Money management is the Holy Grail of forex.
Leave your ego at the door . its not about , " see i was right. look a pair did exactly as i said. Wow i am so good" was cable or euro listening to your thoughts when you made that prediction. i dont think so . I think one of Phillip's greatest quality of many that he has is Humility. he gets praised everyday but still he is the same as he was on his first post. ( so is his system).
Anyways. i hope i made some sense. I know this thread is for the 4 hour system but i think Phillip will not mind something that can help to develop as a trader as well. I wish u all the best . trade well.
Nadia.
)
I will let you know where I stand.
Hello everyone. ( again)
When the more experienced traders would give an advice i would think in a Positive way that it is easy for them to say something because they have been doing it for so many years, BUT the reason they were saying it WAS BECAUSE THEY HAVE BEEN trading for a certain amount of time. Sounds simple enough eh? it is not. I have come to discover that only you yourself can develop yourself as a trader. no amount of signals and systems can do it for you. Only thing you need is a system that suits you, a good support system( positive mentoring from fellow traders) and IRON STRONG DICIPLINE. and of course time and effort.
Dont get lost in the crowd. Make your own limits and rules for trading ( not system rules)AND STICK TO THEM.
For the last couple of weeks a lot of things that i have read and heard about trading were clear to me.
If i dont see a trade i dont try to make one happen.
The market is ever flowing , when i see an opportunity staring at me , I do not hesitate to take it.
I can take a loss pretty well , like the one on euro today. It was a Valid set up but it just did not work out as anticiapted.I dont get frustrated and upset because i only risk what i can afford to risk.
The market does not owe me anything. But i owe it Respect because it is my source of income.
I cannot predict the next candle i can only anticipate in advance and when the opportunity shows it self then trade IN THE MOMENT. what are the charts showing me NOW .
Dont try to be like a trader who is doing well , be successfull in your own way.
It will all come to u in good time , Never underestimate or put yourself down because some else made 600 pips in 2 weeks, If you are hardworking, persistant and learn with an open mind your time will come too.
This post is not directed to any one in particular but are my own stages that i am going through. i have to train my self first before i can call my self a trader, there is only so many times that i an get lucky but then it will come down to how i manage my business. and still be profitable 10 or 15 or 20 years from now. Money management is the Holy Grail of forex.
Leave your ego at the door . its not about , " see i was right. look a pair did exactly as i said. Wow i am so good" was cable or euro listening to your thoughts when you made that prediction. i dont think so . I think one of Phillip's greatest quality of many that he has is Humility. he gets praised everyday but still he is the same as he was on his first post. ( so is his system
Anyways. i hope i made some sense. I know this thread is for the 4 hour system but i think Phillip will not mind something that can help to develop as a trader as well. I wish u all the best . trade well.
Nadia.
.
