Extreme TMA System

T, i don't regret it @ all, my rules didn't lined up so this trade is not for me and we both know that we tried to be involved, anyway I'm glad with what i have now and absolutely satisfied with the results and hope it will always continue like this.

It all depends on liquidity and volatility and news of course which create both, sometimes 2 Days and sometimes 1 Month from D1 Band to band like last August when liquidity dried up.

I'm sitting here thinking the same thing its like we all knew it might shout up but instead we where waiting to short, well today is another day.

PC

Hi Bass.

Based on your results you really don't have anything to regret.
But others have quite some obstacles to overcome to become stable, reliable traders. Others includes me naturally.

BR

For loooooooooong time I was waiting for a good long setup on JPY pairs. Than simply forgot about them due to strange behavior, constant threats from Japanese CB and nothing happened, my spread is not really good on JPY pairs, etc. Next thing was just booooooom and we were long gone.

But... that's forex. Market won't change. We'll have to or we'd better get out.


BR

http://img15.hostingpics.net/pics/490445Thibo.png
Fresh..
I have a doubt about how the tma slope repaint..

H4 under 40.

Expliquer s'il vous plait.

No nothing sorry, ijust had to read again the rules in the first page ^^

Hmm.. I searched what I could of the post but couldn't find it. Way too many posts lol!

Is there a recovery EA for the 1-1-2-4 or is that what the Cave manager is for? Possible link in the right direction?

If so could someone give me an example of how to setup CaveManager to do the Recovery trades. It is very difficult to keep track of the Recovery trades manually.

Another Great Kirk Report.

What’s Your Code?

How have these feelings changed over your trading career? (Can you recall how you originally used to feel and elaborate on how this has changed over time?)

When I started, I saw every trade as an opportunity to prove how smart I was. My ego and the trade were tied together. Of course, this is not a good thing as when trades move against you (as many will), you then put yourself in the position of having to defend the position instead of just owning up to the mistake and moving on. Now, if a trade moves against me, I’m out. Risk management is the most important part of trading successfully.

How do you feel when a trade goes against you?

It depends on the situation as I focus more upon the process of the trade more than I do the results. So if a trade moves against me after I’ve followed my plan and rules exactly as I should, that’s ok and expected. The result doesn’t make me feel bad or good. It is what it is. Before every trade I make, I know and fully understand that I will be wrong lots of times and that’s ok. However, when I don’t feel very good is when my trade is unsuccessful because I’ve not followed my plan or violated my trading rules. It doesn’t happen often fortunately, but when it does, it can be quite irritating as I should have known better.

How do you feel when a trade goes for you?

This also depends on the situation. If I followed my plan and rules and the trade is successful, then I’m pleased. It is always good to see the fruits of your labor and that your seeing the results you expect. However, when I haven’t followed my plan and rules and the trade is successful anyway (which can happen) I consider myself very, very lucky. The trick is to know the difference as most traders think they are responsible for every win, and never for any loss, when that’s certainly not true.

Can you describe a time in your trading life which really rammed home the point that so much of trading comes down to psychological factors?

I think we all learn that everything that is in our nature tends to run contrary to doing well in the markets. For example, in life, you should run away from a fire. In trading, you should run toward it. In life, you should be scared of losing money, but in trading, feelings of fear should make you more aggressive. Learning how to use your emotion this way, instead of ignoring it, is more important that most realize. I always am irritated when I read a trader tell others to be “less emotional” because 1) that’s not possible, and 2) emotions can be a powerful alley if you understand how to use them.

If you could give aspiring traders one piece of advice about emotionally handling the market what would it be?

I highly recommend all traders keep track of their emotions in a trading journal. As time passes (like more than a year), you’ll learn a tremendous amount by reviewing how you were feeling at key pivotal market moments in the past. This will provide you a much better understanding and perspective of your own emotional strengths and weaknesses as they relate to the market. This will also help you draw upon these experiences when you face them again and can frequently provide you an edge over other traders facing the same situation.

Charles Kirk of the Kirk Report.

Good Morning Gentlemen and Traders.

EUR/USD - H1 Chart Patterns

http://www.fxempire.com/autochartist...620&height=465

http://www.fxempire.com/autochartist...620&height=465

D1 Emerging Patterns

http://www.fxempire.com/autochartist...620&height=465

USD/JPY - H1 Chart Patterns
The wedge is broken and a new lower low is been printed after the break of the H & S.

http://www.fxempire.com/autochartist...620&height=465

Nice stuff bass

HI, just seen your post, good call.

PC

EURUSD Forcast 23, Nov 2012

USD/JPY Forecast November 23, 2012, Technical Analysis

Gone to buy lottery tickets see you on Monday.

PC

Taking profit on AU H4 Upper Band and some on Lower H4 UCAD Band finally after 3 days of consolidation, discipline and patience pays off.
Crazy Friday afternoon, have a good weekend everybody

Interesting trading wisdom!

Here come another one "Who is the real broker"?



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My challenges to make consistent profits - http://www.101forexcurrencytrading.com/