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keep your thread alive if you are a real trader

  • #21
  • Jul 8, 2011 11:44am Jul 8, 2011 11:44am
A mentor is hard to find. You need to work with him/her every day on a few key things such as psychology, how you feel, trading setups, etc.

A good mentor won't just hand you a system. He/she will guide you along a path and kind of hold your hand. You have to be transparent with your mentor. That's the best way.
Mr. Trend
  • #22
  • Jul 8, 2011 1:08pm Jul 8, 2011 1:08pm
Quoting Mr Trend
A mentor is hard to find. You need to work with him/her every day on a few key things such as psychology, how you feel, trading setups, etc.

A good mentor won't just hand you a system. He/she will guide you along a path and kind of hold your hand. You have to be transparent with your mentor. That's the best way.
Mr. Trend, thanks for stopping by.

That sounds perfect.

Leelar
  • #23
  • Jul 13, 2011 10:27am Jul 13, 2011 10:27am
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  • #24
  • Jul 13, 2011 9:10pm Jul 13, 2011 9:10pm
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Quoting leelar
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  • #25
  • Jul 25, 2011 6:07am Jul 25, 2011 6:07am
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purely Support turned Resistance.
  • #26
  • Jul 25, 2011 9:27am Jul 25, 2011 9:27am
not too hard, is it?
Be bullish on you.
  • #27
  • Jul 25, 2011 10:13am Jul 25, 2011 10:13am
Quoting gejordan
not too hard, is it?
Hi GJ,

It is very hard! In a way that you have to be patient and control your evil mind.

Only 4th trade for July.

Thanks for stopping by. I will send an update to you at the end of the month.

Leelar
  • #28
  • Jul 26, 2011 11:25pm Jul 26, 2011 11:25pm
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  • #29
  • Jul 28, 2011 2:05pm Jul 28, 2011 2:05pm
Discipline, Discipline, Discipline!!!

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  • #30
  • Jul 28, 2011 4:16pm Jul 28, 2011 4:16pm
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  • #31
  • Jul 28, 2011 4:27pm Jul 28, 2011 4:27pm
Quoting leelar
Discipline, Discipline, Discipline!!!

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on the euraud, would have much rather seen you enter up near where the 38.2 retrace was. This was forming your resistance at that line and would have also represented a natural retrace on the setup bar you used. Could have used the same small stop loss and never been hit either while it bounced. Would have also been much easier mentally.

Just put it in your lessons learned and remember the behavior in case you see it again in the future on one of your pairs. But, nothing wrong with cutting it loose when you didn't like it. You did that and moved to the next one and made pips.
Be bullish on you.
  • #32
  • Jul 28, 2011 5:16pm Jul 28, 2011 5:16pm
Quoting leelar
Discipline, Discipline, Discipline!!!

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I don't like that "pin" trade. There's not much of a pin there and you're kinda grasping at straws. Also, why did you have such a wide SL? Are you sure you didn't move your SL once you were in the trade as price was going against you? Generally, if you're going to trade pin bars, put your stop about 3-5 ticks above the pin. Don't put it any higher because at that point you're not trading a pin anymore... you're just increasing your risk posture.
Mr. Trend
  • #33
  • Jul 28, 2011 7:01pm Jul 28, 2011 7:01pm
Mr. Trend, GJ,

Thank you guys for continuous support and critics. All are taken and please keep them coming.

Leelar
  • #34
  • Aug 1, 2011 9:35pm Aug 1, 2011 9:35pm
Quoting leelar
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purely Support turned Resistance.
TP1, 2, 3 are all hit, still running.

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  • #35
  • Aug 1, 2011 9:38pm Aug 1, 2011 9:38pm
EURAUD failed me again.

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  • #36
  • Aug 2, 2011 9:31am Aug 2, 2011 9:31am
I guess three bold red 'Discipline' weren't enough.

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  • #37
  • Aug 3, 2011 9:34am Aug 3, 2011 9:34am
Quoting leelar
TP1, 2, 3 are all hit, still running.

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  • #38
  • Oct 12, 2011 9:37am Oct 12, 2011 9:37am
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  • #39
  • Oct 13, 2011 6:32pm Oct 13, 2011 6:32pm
Quoting leelar
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Nice job using fibos to pinpoint the action and validate the support.
Be bullish on you.
  • #40
  • Oct 23, 2011 12:07pm Oct 23, 2011 12:07pm
Great thread and love the way you have flawless flow of updates.

Will subscribe and learn. Thanks.
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