From nothing to Dust!

Things are starting to look and feel good for me.

Nothing new to add for long term daily chart trades, but there are lots of them in my future.

Having a plan has proven to be very beneficial for me at this time and I am continuing to get more confortable and more confident with all my trading.

I am going to see about any stocks next and will make a edit of this post and add them if there is any.

Dust

Well, today was a nice end to a modest week in trading. Having patients are definetly the key, and waiting for the set-up to occur. Writing a constitution has also been valuable in one other way as well. The need to feel I need to be in a trade. I am no longer feeling that like I used to and that is helping me make better trading decisions.


I am also adding to my trading a few entry rules for the ! minute chart for the EurUsd only. As such, I may change and put EurJpy as my 4th 15M pair to trade or only go with 3. Since I have found that my focus has improved with the constitution, I find myself watching charts more closely and trading fewer pairs is better. I will still continue to trade the remaining pair on the Daily Charts as best I can.

I have also put together a set of about 3 different ways that I can enter the market, or three differnt trade systems if you will. They are similar, but qute different. This has proven useful as the market is never the same each day. This give me options then when I sit down at my desk in the morning based on how and what the price is and has done during the London open. This has been another usefu addition. Rather than eliminating all but one type of system. I now have a few systems of which I am able to find one that looks better than the others for that day.


Trading - what a great way to spend some time each day. Except the weekends of course. The break is always welcome.

As always, I am updating my first post as my constitution and trading strategies evolve.


Dust

Hello.

I am using a few different indicators to make my trades. They are nothing fancy, but they work for me. Most of them I have found here on the forum.

To some of them I would like to do some slight modifications, but I am not a coder. I don't think they are drastic changes. Just some ideas to make trading easier.

If anyone with coding experience would like to help, please send me a PM, but only if you know what you are doing (lol). I am not opposed to paying for them to be changed, but then I will keep them for myself. If anyone has some time and doesn't need to be paid. I will put them on the first post when they are complete so that anyone can have access to them.

Thanks

Dust

I guess this week I am scheduled for my next chemo treatment. This means that I will be away from home and at the hospital all this week. But, I should still be able to trade without any difficulties.

As well, since I will be laying in a hospital bed for 4 days straight I am excited to have a bit of extra time to continue to work on my trading constitution. This document will prove to be the biggest thing that will allow me to stay successful trading the markets of anykind. Continuing to transform this document is something that I should no neglect.

I am looking forward to another fun week of trading even though I won't be at home.

Dust

I must say that since I created my constitution, giving me a set of guidelines to trade by, my trading has jumped by leaps and bounds, and my trading system has started to materialize. The nice thing is that I have been able to encapsulate trading pairs on all time frames in a synergistic matter. By doing this I have been able to multiple time frames in such a way that it seems like they are not being traded seperately at all.

Almost like trading one timeframe transitions directly into another time frame. Here are a few things I think I have proressed in since starting my constitution:

1) I no longer feel like I am missing something by not being in the market. I can now monitor the market nicely and choose my entrences nicely.

2) I am much more less confused about exiting the market. This has helped me to better stay in the market when it is going myh direction, and realizing when it I should get out if the market is moviong against. This used to be a big problem, but now I think it has become a smaller issue.

3) I have really found what I feel are the tools I need to make spur of the moment decisions if necessary.

4) I feel much more comfortable about having a trade in the market, knowing that the tools I have on the trade aren't going to lie to me when it comes to helping me make a decision. Thus, I know that I can now read my charts relatively quickly and react accordingly without thinking that I should have stayed in longer and got out sooner.

Well, I have some more updates to make to the constitution and so I am going to make a few changes adn be ready for tomorrow.

I thought following a constitution would by hard, instead it has transformed my trading in an occupation that is fun!

Dust

This attaced indicator is driving me crazy!!!!

When I set the thicknesses of the lines, they always revert back whenever I change profiles. Does anyone know how to make the lines so that once I set them to color, they stay that way?

Or if someone could let me know how to do it, that would be fine as well.

Anybody???

Dust

nice mate! following

I am cancelling my GbpJpy buy stop order. I believe we I am looking for a downward signal at the moment...

Allright, I have placed a few trades tonight..

Long UsdCad
Short GbpJpy
Short CadJpy
Short EurCad
Long UsdChf
Short UsdJpy

Here is my usdjpy chart:

Hello!
Been reading your thread and I have to say it has been really interesting. You also connected the trade explorer to back up your calls which is a plus... Great job and keep up the good work!

One trade at a time, but my charts are looking good to me and everything has a meaning. Now it is just putting it all together, so I will most certianly be looking for trades to enter.

This looks interesting.....

Things are progressing very nicely. I have to say that my trading prowess has progressed more in the last few months than it did in the frist few years combined. I feel that, and notice it in much of the thoughtfulness I now use to enter trades. I am looking forward to so much more fun ahead of me.

I had some some entrences last week, and I will have to see what happens once the market opens to see where these trades remain and whether I should leave them open or close them. Then it will be time to monitor the markets for more trading opportunities.

Dust

I have entered a long trade on GbpJpy. For a 4-hour chart entry, I have cut my risk to half as usual. This is because though I am seeing a bounce off 4-hour Support, it is heading right into Daily Resistence. If I was heading away from daily resistence, I would enter with the full amount.

As such, I will also manage my TP fairly aggressively, as I am expecting to get some indication that price will be coming right back at me. This is a situation where I think it is smart to hold a long position. It is very possible that if the pair decides to go higher and break through daily resistence, it might do so in one very large bar. Wouldn't that be nice?

My chart shows this very well.

I did not read the signs correctly and took a loss. However, had I read the signs correctly I would have made anywhere from few pip profit to a few pip loss. Depending on the very instant I closed the trade.

My mistake with this trade was not the entry, but in mismanaging the trade that was open. I had all the signs right there staring me in the face and I ignored them.

I need to keep working on that.

Dust

I have entered short at 1.2447 with a Sl of roughly 45 pips. Daily resistence is above 4-hour resistence, where curent price appears to want to swing lower from.

Dust

Good Morning:

I hope you are all having a wonderful day. My trading has progressed so much since I last posted. So much so that I have switched to my live account. When I did, things started out a bit choppy, but have since smoothed out and should now start turning around in the right direction.

Going to my live account has made me realize that I need to add a few more things to my Trading Constitution. So, that is what I will be doing for the nest week or so; adding the new things and arranging what I have there already. After that is complete I will consider add my live account to the FF's trade monitor. As I have much of my impulses now under control, I have switched back to the MT4 platform so I don't have to switch from my charts to another platform to enter a trade. Hopefully switching back to MT4 will not prove to be a mistake.

You will see that my practice account is flat at the moment, and that is because I am not trading for it at the moment. I want to leave it up though so I can see that it can be done.

Be good to yourself.

-Dust

Wow, what a morning. I was so busy updating my Trading Constitution, that I missed a would be trade. Bummer for today, but overall I am in better shape with my trading than I was yesterday, and that is exciting.

Though I still have a vew more important aspects to put in my Trading Constitution, one very important one is done. That is an itemized list of steps to take when I open up a chart to look for a trading opportunity.

Now, when I open up I chart, I can reference my Trading Constitution and so as not to get lost. This will hopefully this will help me slow down considerably when I am looking for a place to enter. Going through charts too fast is one of my largest downfalls. Hopefully having a 1, 2, 3.... list to follow will be just what this trader needs towards continuing to enhance my trading skill.

Hopefully I will also get to a point when I will post my trades as well, but I don't even want to think that is something else I need to do as well.

LLL,

Dust

Here is a limit order I placed based on a trendline break. This is as per one of my entry strategies.

BL @ 1.0166
SL @ 1.0146

I am not putting in a TP at the moment, but I am looking for 40 pips minimu which will give me a 2:1 ratio.

Let's see what happens. I real feel good and at ease with setting this trade as it does follow my entry strategy to a "T". I know that I will lose some, but I also will win many.

Secondary confirmation is had I been paying attention I would have had a long entry earlier today but I missed it. Price is close to coming back to the entry price of that trade, but it is one of my constitutiional rules that I don't get in an old trade which I missed even if price comes back to what would have been the entry point of that trade.

I think I have created some very good, sound rules for me to follow.



LLL - Dust

One thing that I forgot was that today was July 3rd. I should have known upfront that today was a day off from trading, No wonder the markets went no where today. So, I will now add this to my calendar. Next time, I hope to realize it before I sit around watching charts and wonder why the market is dead.

LLL

Dust