The System II (Yes with irony)
- #5,204
- Sep 10, 2009 4:53am Sep 10, 2009 4:53am
Mentor extraordinaire!!!
I know what you did as i am taking note of all you guyses trades and late tonight in one full posts i expaline everything.. I am letting you guys free style today for now..
$urvive, Pre$erve &
RESPECT THE TEACHER 
Good morning guyz ...
I'm seeing you are doing great following Fx life thinking process....
I'm so jelaous!, cause I cannot trade today....
Today, would have been another amazing training session for me as well...
I have to do many things, and I will only finished them for tomorrow....
See ya folks!!
...I'm seeing you are doing great following Fx life thinking process....
I'm so jelaous!, cause I cannot trade today....
Today, would have been another amazing training session for me as well...
I have to do many things, and I will only finished them for tomorrow....
See ya folks!!
- #5,209
- Sep 10, 2009 5:38am Sep 10, 2009 5:38am
Good morning(est) to all!
Boy, this thread is on fire!.. Fx, kudos to your patience and unconditional generosity... Ok, I want to talk about this thing we call "trading naked"... are you really? Just because you do not have a macd or moving averages, etc. does not mean that you are really trading naked. Come on folks lets be honest with ourselves...there is a box full of assumptions and nonsense that we have picked up over time. What causes us to let that sneaky thought(prediction) that somehow convinces us that we know what is coming up? Listen, Feb reminded us that even using candles is a crutch, it still an indicator. Do you think that a 5 minute candle will tell you much? It is pure noise. We are using them to track price(live) not to determine(predict) what coming up next. Pin bars, inside bars, head and shoulders are useless with 5minute frame. A piece of advise...continue using candles/bars but make them all the same color...don't get caught up with...oh! this is a bullish(green) or bearish(red)...FUGET ABOW IT!
We want to focus on price action...pure and simple. We need to commit to this way of thinking or you will never be successful with this approach.... Be on your toes and pay attention how your mind plays tricks on you and tries to predict by sneaking in some preconceived notion. Of course, I do not mean that you can not learn from the past...on the contrary you need to look at your trades and try to catch where your mental slips up caused you to make a mistake....that is part of the becoming successful..
Boy, this thread is on fire!
.. Fx, kudos to your patience and unconditional generosity... Ok, I want to talk about this thing we call "trading naked"... are you really? Just because you do not have a macd or moving averages, etc. does not mean that you are really trading naked. Come on folks lets be honest with ourselves...there is a box full of assumptions and nonsense that we have picked up over time. What causes us to let that sneaky thought(prediction) that somehow convinces us that we know what is coming up? Listen, Feb reminded us that even using candles is a crutch, it still an indicator. Do you think that a 5 minute candle will tell you much? It is pure noise. We are using them to track price(live) not to determine(predict) what coming up next. Pin bars, inside bars, head and shoulders are useless with 5minute frame. A piece of advise...continue using candles/bars but make them all the same color...don't get caught up with...oh! this is a bullish(green) or bearish(red)...FUGET ABOW IT! We want to focus on price action...pure and simple. We need to commit to this way of thinking or you will never be successful with this approach.... Be on your toes and pay attention how your mind plays tricks on you and tries to predict by sneaking in some preconceived notion. Of course, I do not mean that you can not learn from the past...on the contrary you need to look at your trades and try to catch where your mental slips up caused you to make a mistake....that is part of the becoming successful..
Unus pro omnibus, omnes pro uno
- #5,210
- Sep 10, 2009 5:39am Sep 10, 2009 5:39am
Take it easy - you're missed!
Good morning guyz
I'm seeing you are doing great following Fx life thinking process....
I'm so jelaous!, cause I cannot trade today....
Today, would have been another amazing training session for me as well...
I have to do many things, and I will only finished them for tomorrow....
See ya folks!!
$urvive, Pre$erve &
RESPECT THE TEACHER
- #5,211
- Sep 10, 2009 5:40am Sep 10, 2009 5:40am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
I am just getting beat up left right and center today. Seems like I cannot make one positive trade. anyways, keep taking them as per usual.
Good morning guyz
I'm seeing you are doing great following Fx life thinking process....
I'm so jelaous!, cause I cannot trade today....
Today, would have been another amazing training session for me as well...
I have to do many things, and I will only finished them for tomorrow....
See ya folks!!
Survive and Preserve
- #5,214
- Sep 10, 2009 6:10am Sep 10, 2009 6:10am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Anyways, -87 today so far. Doing well 
I am going to top the record for how many straight losses one can make. These are just 123 breaks and FCR breaks. They happen, but somehow I just got killed today. 7 trades - 6 complete losers. It seems every which way I take it price went the other way to wack me in the face.
Going to clean up my chart and post it so I can hang my head in shame. Just when i think I might be progressing I get another wack in the head from the market and wake up call that says, Pal, you are crap. Depressing I know.
Anyways lets see how this short pans out.
Leason learnt today, WIDEN STOPS. 3 pips +1 instead of 2+1.
I am going to top the record for how many straight losses one can make. These are just 123 breaks and FCR breaks. They happen, but somehow I just got killed today. 7 trades - 6 complete losers. It seems every which way I take it price went the other way to wack me in the face.
Going to clean up my chart and post it so I can hang my head in shame. Just when i think I might be progressing I get another wack in the head from the market and wake up call that says, Pal, you are crap
. Depressing I know.Anyways lets see how this short pans out.
Leason learnt today, WIDEN STOPS. 3 pips +1 instead of 2+1.
Survive and Preserve
- #5,216
- Sep 10, 2009 6:11am Sep 10, 2009 6:11am
- | Joined Feb 2008 | Status: Zombie Trader | 1,406 Posts
Survive and Preserve
- #5,217
- Sep 10, 2009 6:14am Sep 10, 2009 6:14am
Anyways, -87 today so far. Doing well
I am going to top the record for how many straight losses one can make. These are just 123 breaks and FCR breaks. They happen, but somehow I just got killed today. 7 trades - 6 complete losers. It seems every which way I take it price went the other way to wack me in the face.
Going to clean up my chart and post it so I can hang my head in shame. Just when i think I might be progressing I get another wack in the head from the market and wake up call that says, Pal, you are crap
Anyways...
$urvive, Pre$erve &
RESPECT THE TEACHER
- #5,218
- Sep 10, 2009 6:22am Sep 10, 2009 6:22am
Hard to unlearn all that stuff I paid so dearly for!!! I know you're right, but my mind has a mind of its own....if you get what I mean...
Good morning(est) to all!
Boy, this thread is on fire!
$urvive, Pre$erve &
RESPECT THE TEACHER