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Supertrader

  • #1
  • First Post: Edited Jan 13, 2013 5:14pm Jul 23, 2012 1:54pm | Edited Jan 13, 2013 5:14pm
This is my journal. I do some tape reading and i make my trading decisions based on that. This is just an attempt to disciplined myself. My results are published publicly. I want to keep that in mind. You may ask some questions regarding trade management and psychology in trading but not the system as the way i trade is not an abc method..it is discretionary. I look on chart then i buy or sell..no indicator stuff. I trade purely technical but i don't use trendlines, custom indicators etc.. i just use japanese candlestick and moving averages

P/s This is like a diary. Sorry if my language is cheesy or if it offends you or if i sound crazy. I talked to myself a lot

http://www.myfxbook.com/members/supe.../superb/450775
  • #2
  • Jul 23, 2012 2:18pm Jul 23, 2012 2:18pm
Today was my first day...i was not disciplined and made numerous mistakes. Will trade better tomorrow. 6.25% on the first day. Could have made a lot more.
Remember to always trade when there are momentum. Only when there are momentum. Don't be greedy!!! Greed doesn't equates good results. It just leads to your demise. Come on you are a supertrader!
  • #3
  • Jul 23, 2012 2:29pm Jul 23, 2012 2:29pm
Hi

Do you trade forex? Wich tape do you read ?
Or do you trade on lmax ? Where well tape reading would
Be possible....

Or do you scalp tick or 1 min charts?

If u do trade based on charts then u could post a screenshot
With entrys and exits marked on them.

Would be interresting and give some insights in your trading

Thnx

Take care
  • #4
  • Jul 23, 2012 5:50pm Jul 23, 2012 5:50pm
Quoting Aeiou
Hi

Do you trade forex? Wich tape do you read ?
Or do you trade on lmax ? Where well tape reading would
Be possible....

Or do you scalp tick or 1 min charts?

If u do trade based on charts then u could post a screenshot
With entrys and exits marked on them.

Would be interresting and give some insights in your trading

Thnx

Take care
Yes i trade fx. Haha...tape reading is similar to price action..i just like how it sounds more. I trade eurusd exclusively on 1m chart. I'll try to do that for you ya. I'll post one or two tomorrow.

Hmmm...i trade short term with at least risk reward ratio of 2:1..Some times RR may go up to 20:1 or more. When it is trending i would be making the most money, when its ranging i could also be extremely profitable but would have to be extra careful with entries for example today.... =_= I made numerous mistakes...Gotta be more disciplined. Thanks for visiting Aeiou
  • #5
  • Jul 23, 2012 6:37pm Jul 23, 2012 6:37pm
Hello Supertrader9,

Nice start to your journal. I sent you a PM. I will be keeping an eye on your journal to see how it goes for you and to see if I can learn anything.
  • #6
  • Jul 23, 2012 6:50pm Jul 23, 2012 6:50pm
Quoting Percentage
Hello Supertrader9,

Nice start to your journal. I sent you a PM. I will be keeping an eye on your journal to see how it goes for you and to see if I can learn anything.
Hi,

Unique name you got there..when trading its always about managing risk in percentage
One advice i could give you is to forget about all indicators and use moving average just to visualise trend..I am afraid my kind of trading is not abc stuff..

If you want to trade like me just watch 1m without doing anything for one whole week...i have spent thousands of hours and still do mistakes all the time..i am still working on myself..Tape reading is about trading with momentum..On 1m chart it trends everyday...just find a way to capitalise on that..spend some good time with your chart..fall in love with it. Please think in terms of probabilities.

Trading is not easy but it is simple.
  • #7
  • Jul 23, 2012 7:04pm Jul 23, 2012 7:04pm
Yes, it's all Percentages!

I will follow your advice and see how I do. Thanks for sharing your advice and also creating this journal. I hope you continue to be profitable.

Quoting Supertrader9
Hi,

Unique name you got there..when trading its always about managing risk in percentage
One advice i could give you is to forget about all indicators and use moving average just to visualise trend..I am afraid my kind of trading is not abc stuff..

If you want to trade like me just watch 1m without doing anything for one whole week...i have spent thousands of hours and still do mistakes all the time..i am still working on myself..Tape reading is about trading with momentum..On 1m chart it trends everyday...just find a way to capitalise on...
  • #8
  • Jul 23, 2012 7:05pm Jul 23, 2012 7:05pm
I wanna make more money than yesterday...more more more...i have to be disciplined...i must be disciplined...only trade with momentum...I only trade with momentum. I want to be only trading with momentum. Discipline is key. I must only take trades which has the highest probability...only trade with the highest probability in your favour. I know its going to work..i know its going to work.. i want to make it work. Trading is simple easy. Just chill. You are a supertrader.

Thanks percentage! I hope you will be profitable too!
  • #9
  • Jul 23, 2012 7:09pm Jul 23, 2012 7:09pm
With a mentality like this, you will succeed for sure. I want to make more and more money also...that's the plan.

Quoting Supertrader9
I wanna make more money than yesterday...more more more...i have to be disciplined...i must be disciplined...only trade with momentum...I only trade with momentum. I want to be only trading with momentum. Discipline is key. I must only take trades which has the highest probability...only trade with the highest probability in your favour. I know its going to work..i know its going to work.. i want to make it work. Trading is simple easy. Just chill. You are a supertrader.

Thanks percentage! I hope you will be profitable too!
  • #10
  • Jul 23, 2012 7:34pm Jul 23, 2012 7:34pm
Quoting Percentage
With a mentality like this, you will succeed for sure. I want to make more and more money also...that's the plan.
You cannot lose before you go to the battlefield
  • #11
  • Jul 24, 2012 1:59am Jul 24, 2012 1:59am
Trading is the very common venture of most marketers this day. Knowledge and skills is a must to have for this system.
  • #12
  • Jul 24, 2012 2:30am Jul 24, 2012 2:30am
Hi Supertrader9

Good luck with your journal, I'll be watching it closely. As you said discipline is key to success.
  • #13
  • Jan 4, 2013 2:12pm Jan 4, 2013 2:12pm
Hey Supertrader,

I see you haven't updated your journal recently. Just curious to see how you are making out on your journey and if you wouldn't mind posting a chart or 2 so show folks what it is you are looking at I am sure they would appreciate it ;-)

Cheers!
Nothing is impossible, with a willing mind!
  • #14
  • Jan 13, 2013 5:07pm Jan 13, 2013 5:07pm
Quoting Trader_V
Hey Supertrader,

I see you haven't updated your journal recently. Just curious to see how you are making out on your journey and if you wouldn't mind posting a chart or 2 so show folks what it is you are looking at I am sure they would appreciate it ;-)

Cheers!
Hi traderv. I have moved to my new thread http://www.forexfactory.com/showthread.php?t=381294
  • #15
  • Jan 13, 2013 5:29pm Jan 13, 2013 5:29pm
Quoting Supertrader9
Hi,

Unique name you got there..when trading its always about managing risk in percentage
One advice i could give you is to forget about all indicators and use moving average just to visualise trend..I am afraid my kind of trading is not abc stuff..

If you want to trade like me just watch 1m without doing anything for one whole week...i have spent thousands of hours and still do mistakes all the time..i am still working on myself..Tape reading is about trading with momentum..On 1m chart it trends everyday...just find a way to capitalise on that..spend...

It looks like we are on the same page and trying to do similar jump on the trend and let it ride things, interesting.

Talking to yourself is good, if only to freak other people out
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #16
  • Jan 13, 2013 7:14pm Jan 13, 2013 7:14pm
Quoting Turveyd
It looks like we are on the same page and trying to do similar jump on the trend and let it ride things, interesting.

Talking to yourself is good, if only to freak other people out
Yeah momentum is important. Hehe, i do speak to myself a lot as in motivate myself and ask quality questions but not loudly like crazy people though hahah

Hmmm..i like the title of this thread.
  • #17
  • Jan 14, 2013 4:51am Jan 14, 2013 4:51am
Quoting Supertrader9
Yeah momentum is important. Hehe, i do speak to myself a lot as in motivate myself and ask quality questions but not loudly like crazy people though hahah

Hmmm..i like the title of this thread.

Just get a Blue tooth headset and if anyone looks at you strangely point to it and they'll think your on the phone, simples!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #18
  • Last Post: Jan 14, 2013 6:22am Jan 14, 2013 6:22am
Quoting Turveyd
Just get a Blue tooth headset and if anyone looks at you strangely point to it and they'll think your on the phone, simples!!
Haha..its not that extreme.
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