Cable Update (GBPUSD)

Have you got the little bundle of joy a trading acct yet

Nice work CT

As for Wormie, I say no more..... I know how the man roll

Am I the only one selling?

http://www.forexfactory.com/showpost...stcount=198393



Magix,

My trade setups are in in my thread:

G/J, G/U and U/J Trading thread.

But of course you already know that.

You and I both know that this is an egotistic issue and your determination to be correct, or at least your wish to prove me wrong. This is due to a conflict between your id, ego and super ego. An imbalance between the three can lead to problems such as displayed by yourself and can be detrimental to your trading.

However, being of good nature and willing to help others, let me explain what your ego really means before we move on:

In modern English, ego has many meanings. It could mean one’s self-esteem, an inflated sense of self-worth, or in philosophical terms, one’s self. However, according to Freud, the ego is the part of the mind that contains the consciousness. Originally, Freud used the word ego to mean a sense of self, but later revised it to mean a set of psychic functions such as judgment, tolerance, reality-testing, control, planning, defence, synthesis of information, intellectual functioning, and memory.

When the ego is personified, it is like a slave to three harsh masters: the id, the super-ego, and the external world. It has to do its best to suit all three, thus is constantly feeling hemmed by the danger of causing discontent on two other sides. It is said, however, that the ego seems to be more loyal to the id, preferring to gloss over the finer details of reality to minimize conflicts while pretending to have a regard for reality. But the super-ego is constantly watching every one of the ego's moves and punishes it with feelings of guilt, anxiety, and inferiority.

To overcome this the ego employs defence mechanisms.The defence mechanisms are not done so directly or consciously. They lessen the tension by covering up our impulses that are threatening.

Denial, displacement, intellectualisation, fantasy, compensation, projection, rationalisation, reaction formation, regression, repression, and sublimation were the defence mechanisms Freud identified. However, his daughter Anna Freud clarified and identified the concepts of undoing, suppression, dissociation, idealisation, identification, introjection, inversion, somatisation, splitting, and substitution.

So, looking at the various traits you have displayed, we can see which type of trader you are and know “which buttons” when pressed will stimulate your defence/attack mechanisms.
　
As I state next to my avatar “Know Thyself”, my signature line - “Listen to what the market is saying about others, not what others say about the market (Richard Wyckoff)”, may indicate the extreme importance I place on understanding trading psychology.
　
Please do not take this as an insult, but rather, look to it as a new understanding of your psyche and how this could be used to better your trading. Only you really know exactly how you “feel” at this time, but your written language and posts show a few others experienced in these matters of trading psychology exactly what you are “really” thinking, even though you may not even know yourself.

Applying this to trading, one can become extremely successful. By triggering the ego’s of many traders on the opposite side of the trade as myself indicates much about the current state of the market.

Some ego’s post under the pretence that they are only there because of concern about other traders losing money following other methods and styles, and want to help, but others actually realise this is a defence mechanism hiding the real issues deep down in that particular trader’s psychological make up.

In reality, traders doesn’t really give a shit about another trader losing money, for one side to win - the other side must lose. If we all won, there would be no market whatsoever, would there now?

This same type of trader also likes to attack other traders under the pretence of sarcasm, but in fact their sarcasm cannot be taken as humour (nor is it intended to be so) due to aggression, hostility and down right enjoyment of putting others down for their own gratification. Your traits are very similar to a pathological liar/ social psychopath with a deficiency in interactive social skills. Not an accusation, but rather, a friendly observation.

Some traders post because they like to keep a live journal of their thoughts, discuss trading setups, different methods and styles. They interact with one another in a constructive manner, however, they also understand the meaning of a “Dry sense of humour“. They are psychologically mature enough to understand they are responsible for their own actions and trades.


So, Magix, I really hope you have come to understand yourself a little better. Trading doesn’t require “magic” at all, it is indeed very very simple:

Know Thyself, Know Others.


Although I know for sure your ego will scoff and deny my comments, I also know for certain that now you have read them, your subconscious will embed this information I have written. Your subconscious will continuously ponder over it whilst you go about your daily business even though you think you have rejected it, because deep down you know what I say is correct.

However, I state again, I hope can you take something useful from this and apply it to your trading.
　
I wish you all the best of success, however, you are on my ignore list as of now which affords me the luxury of being unable to read any of your future posts/responses.
　
Best Regards

Direct Trade.

We roll together Q

Not yet my friend, but I got him milk tho

Great post, Azim. The best one today, by some considerable distance.

You did good Wormie. You will have him trading before you know it. My wife and I are now trying for our first.

They say at this age their brains are like a sponge. Start talking to him about patterns, setups, supports, resistances, pivots, fibos, etc... That way when he is older, he will remember back to the baby years and it will be much easier for him to learn. As most traders did, I know I did, I suffered two years of heavy losses before I started making minimal gains. Took me longer to start making big gains. Teach him young and maybe he can avoid the losses.

C.

haaha nice and Congratulations bro...

Ha Ha , cute man, as I told you enjoy every minute , they grow up fast and the years slide by quickly congrats again

Bro that's one hell of an essay. A point delivered in a few words.. lol

How's it going bro?

No there are many holding thier shorts from last Wednesday.

Looks like u have your hands full mate.

Eat,Sleep and Shit...

Enjoy fatherhood bro....

How are you, BB?

Awww.... Sure am glad the little tike looks more like MOM!

He's Beautiful Brother!!!

Paul, C, Digger, UB, Chris, Q
Thanks guys! Enjoying every minute of it.

Nice, hope it goes down soon!

Hi guys

I am a newbie and I am holding a short position at the S1 - 1.5573 - I hope GU will start going down very soon!

I'm good Paul, what's doing with you mate? Market going your way?

I already told Wormie to save some pips for nappies.

I think you have about 140 more pips to go before it considers making a large move down. Just my opinion.