The WoRmHoLe

Chris, Wormie

I went short from this level with wide SL. I was expecting this.

Bull trap...


Ta
ams

Try Getdataback software i managed to get lotta data back for realzies.(u should know if u had ntfs or fat32 file sys)

good luck

long GU 6614 tp 6679

look at GBP futures at sitting on a new support
BUT DX futures touched again 61.8 fib so cautiously watching price action

sabar bro....
yg penting niat utk belajar...
klu org lain bleh buat knapa kita xleh buat?
byk2 motivasi diri

MINIMUM REQUIREMENTS

If you are new to trading and/or you have had difficulty finding some consistent success, you must understand something. This is not a game and it's not a way to get rich quick. I suppose there is the odd exception of the person with a ton of money to play with, but if you approach this business without a business plan and the willingness to follow it, you are almost certainly doomed to failure. A doctor spends ten plus years in a grueling learning curve to be successful and earn a six figure income; anyone who thinks that their pot of gold in this business is a couple of months down the road is in for a rude awakening.



Below is a minimum requirement (in my opinion) to find out without losing your @#!@#$%$# if this business is for you. By following these recommendations, you will be treating trading like a business and you will be learning and gaining confidence. I think this is so important, I am going to make the following statement: If you start out in this business using no common sense, you have no one to blame other than yourself when you lose all your money. There is no reason to ever lose a dime of your money while learning to trade. A well thought-out business plan, common sense and hard work is required for anyone who wants a chance at success. Many people meet those requirements and still fail, but it does not mean you have to watch your bank account go to zero.



MINIMUM REQUIREMENTS / THIS IS A BUSINESS
WHATEVER / WHICHEVER WAY YOU DECIDE TO TRADE YOU MUST (AT A MINIMUM):

 

1. USING YOUR OWN SYSTEM, YOU ONLY DEMO-TRADE FOR THREE CONSECUTIVE PROFITABLE MONTHS IN A ROW. YOU DO NOT PROCEED TO STEP TWO UNTIL COMPLETED.
2. OPEN AN ACCOUNT WITH HALF OF THE INVESTMENT YOU INTENDED TO GO FULL WITH AND CONTINUE TO ONLY TRADE WITH THE SAME SYSTEM UNTIL YOU ARE PROFITABLE THREE MONTHS IN A ROW MINIMUM. YOU NEVER RISK MORE THAN TWO-FIVE PERCENT OF YOUR ACCOUNT ON ANY ONE TRADE. YOU DO NOT PROCEED TO STEP THREE UNTIL STEP TWO IS COMPLETED.
3. FUND A FULL ACCOUNT AND CONTINUE TO ONLY TRADE THE SAME SYSTEM AGAIN & AGAIN UNTIL YOU ARE CONSISTENTLY BUILDING YOUR ACCOUNT FOR AT LEAST SIX MONTHS. YOU NEVER RISK MORE THAN 2 - 5 PERCENT OF YOUR ACCOUNT ON ANY ONE TRADE.
4. IF AND WHEN YOU DECIDE TO USE OTHER TECHNIQUE/SYSTEM, AT A MINIMUM, YOU ARE ALMOST CERTAINLY GOING TO FIND YOURSELF IN TROUBLE. IF YOU ARE GOING TO FOLLOW A SYSTEM OR ANY TRADING STYLE AND YOU DON'T FOLLOW AS FAR AS THE DEMO PROCESS, YOU ARE NOT TREATING IT AS A BUSINESS AND YOU HAVE NO ONE TO BLAME OTHER THAN YOURSELF IF YOU LOSE YOUR MONEY.
5. IF YOU EVER SUFFER THE LOSS OF 30 TO 35 PERCENT OF YOUR ACCOUNT, YOU STOP TRADING. PERIOD-PARAGRAPH. YOU GO BACK TO DEMO AND FIGURE OUT WHAT WENT WRONG. WHILE DOING THIS, YOU REFUND YOUR ACCOUNT BACK TO ITS ORIGINAL AMOUNT. YOU DO NOT GO BACK TO LIVE TRADING AGAIN UNTIL YOUR DEMO HAS SHOWN YOU WHAT WENT WRONG AND YOUR ACCOUNT IS BACK TO FULL STRENGTH BY WHATEVER MEANS. IF IT TAKES ONE MONTH OR SIX MONTHS, IT DOES NOT MATTER. YOU MUST FOLLOW THIS APPROACH IF YOU DON'T WANT BLOWN ACCOUNT AFTER BLOWN ACCOUNT.
   

Your goal should be this. Learn, learn and learn some more and don't do anything stupid while your getting your feet on the ground. The ultimate goal of any trader is to build an account to a size where just a few good trades a month produces a staggering income. Hardly anyone ever gets there because they don't treat it as a business. They do stupid things that they would never do in any other area of their life and it's because of the money that can be made. If it takes you a couple of years or even five or ten to reach the level of a staggering income, is it worth it? The choice is yours.

Gdluck!

covered twice on my 50 pips hedge earlier for 200.
Was thinking of squaring up a couple of entries to reduce risk since this thing is still in a limbo. But decided not to after spotting bullish divergence on the dollar.
Still running without stops at the mo lol

Let's see if dollar can shoot from here.

Hey Azim!

This could be it!

USDX is looking big time for a reverse... Sterling at 1.67....
Dow is looking to get at 10300 and then what....

Usualy fisrt 3 day of the week are one side, and 2 last another... let's see friday but i doubt it shooting anymore higher. Could be wrong.

Same old same old - here we go again....lol

yo matt ...
lol like the butterfly

[quote=stewrigh;3212056]Same old same old - here we go again....lol


did you tp the first short yesterday stew?

hi baz

yea the bad thing about this is that it's my hdd at the office that crashed, so there are other important stuff that went as well such as my accounting. Been a busy week for me sorting those stuff out.
Hows your week coming ? Hope all is good

thanks frito.

GBP JPY

1. short @150.66 sl @153.3 (0.1)

[quote=wormboy;3212674]
Yep - still got half on and may add today.

Got some of my losses back but still after more on this MF.

Yeah I know I'm revenge trading but I know the risk.

GL....

Charts explaining the short taken for the gbp jpy trade

Now that was a timely call! Congrats.

I happened to exit a long on GU at just the same time, so I'm happy with myself, too.

its a pain i know......but we carry on..
yes its been a good week.....but i trade a bit less than you,and only Cable..

http://www.forexfactory.com/showpost...postcount=9502

take care
baz

when it breaks 6623, i feel like breaking my laptop !!!

Don't get too emotional with your trade, much better if there's zero emotion, win or lose, TP or SL, no hurt feelings involve. Just next trade

nice.
i think since you've predefined your risk tolerance it won't be much of a problem

Good luck man

lucky methinks

good job on the long mate