- #17,322
- Aug 9, 2008 11:41pm Aug 9, 2008 11:41pm
I've bneen trading for more than 1 year. still sometimes I can't get hold of myself. Fortunately, I'm still trading demo. just a brief story. my demo from $3k, I made it up to $26k+, but then now down spiraled to $7k. Personally I found that my technique is good enough & I'm happy with it. It's just my discipline. for example, catching a falling knife, stopping a blazing rocket (like Superman duhh...), SL > 3% of capital, enter post even when I already missed the boat and some other elses. arghhhh... this is the most difficult part. making pips is easy. keeping it is hard (quote from Bill Williams & babypips.com). I won't give up anyway. I'll keep going on and on using demo. once I can get hold to myself & trade consistently, then only I'll go for real account again. no matter what system/technique u use, eventually u will become better and better. it's experience that's matter. just stick to ur current system. learn ur mistake, do not repeat it. learn how u make profit, and repeat it. thanks for reading. just a reminder for those who felt like giving up.
regrads, Khalid
regrads, Khalid
- #17,324
- Aug 10, 2008 11:42am Aug 10, 2008 11:42am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
Gbp vs Jpy 1H, 4H & Daily Pre Market Overview
Chart 1H - Please study all possible counts and preferably, I'm looking for a bullish retracement before expecting for another bearish continuation either refering to alt counts in yellow or magenta. Otherwise if the price break the bullish continuation line 1, this scenario would be invalid. Therefore, please wait for any good entry signal from BSTS later.
Chart 4H - I'm looking forward for a bullish retracement later but please be careful for any bearish continuation scenario. Please be noted for any possible "double bottom" pattern scenario or any true breakout of the bearish continuation critical line 3.
Chart Daily - Preferably I'm looking for a further bearish continuation scenario refering either to the alt count in white or magenta later next week. A true breakout of the lower red trendline would bolster this scenario. Otherwise a breakout to the bullish continuation line 1 would favour to the alt count in yellow.
Summary :
1) Preferably, I'm looking forward for a bullish retracement later to complete subwave ii (yellow or magenta) once subwave i is completed before expecting for another bearish continuation scenario to perform subwave iii (yellow or magenta). A "double bottom" pattern scenario and a strong resistance from the upper green trendline would bolster this scenario. Please be careful for any breakout to the bearish continuation line 3 and the bullish continuation line 1 later.
2) Otherwise, please be careful for any possibility a market movement refering to the alt count in white (TF 1H & 4H).
3) Please confirm which is the preferable counts and any entry from BSTS later.
Good lucks.
- #17,331
- Aug 10, 2008 10:58pm Aug 10, 2008 10:58pm
Hi guys!!!
Fiber and Cable sell off last week really amazing....Its like a one way street to the south....I think a correction is due before the pairs heading south again...Happy trading to all....
Fiber and Cable sell off last week really amazing....Its like a one way street to the south....I think a correction is due before the pairs heading south again...Happy trading to all.... - #17,332
- Aug 10, 2008 11:04pm Aug 10, 2008 11:04pm
Hi guys!!!
hopefully under correction,
and will continue to the south again...
at last i`ve found a holygrail........
.....
