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I want to pay off my mortgage asap with Choros

  • #21
  • Sep 17, 2014 1:34am Sep 17, 2014 1:34am
Quoting Eur Usd
I am in mid thirties and realised I am unemployable person. Why? Just a feeling.
Interesting, I have never heard of the Choros method. But I suppose it is worth a look.

You can do anything you put your mind to, and that includes getting a job. However, you do need the proper mindset, and I do not think you have that as of yet.

I can tell by the way you talk and present yourself.

You sound like a pessimist that sees the world in a negative manner. This needs to change, if you are ever going to be successful. And I know this to be fact because I have struggled with depression and suicidal thoughts for the last several years.

Sure, everyone would love to pay off their mortgage (if you own some property) as soon as possible, but that does not mean that you are being realistic.

I am afraid that life will teach you some very, very hard lessons, and that may just be the price you have to pay in order to achieve real, lasting success.

I would love to help you if I can, but I wouldn't even know where to start. Your mindset needs to change, #1. The world is a beautiful place and even more beautiful are the people that are in it. Accept this, embrace the world, embrace your mistakes, live and laugh often, and you will find that these things (ie: good trading) will come naturally to you.

When you put yourself under extreme pressure to perform (ie: I need to pay this month's rent or mortgage), you are doomed to failure. Trust me... I know this.

I refuse to vote in this poll, because you have not presented all valid options. You are a dreamer and wishful thinker, and I know because I am one too. Work on yourself first, and the rest will come naturally.
Please check out my blog at https://from-zero-to-hero . net
  • #22
  • Sep 17, 2014 1:42am Sep 17, 2014 1:42am
Quoting smash1820
{quote} Interesting, I have never heard of the Choros method. But I suppose it is worth a look. You can do anything you put your mind to, and that includes getting a job. However, you do need the proper mindset, and I do not think you have that as of yet. I can tell by the way you talk and present yourself. You sound like a pessimist that sees the world in a negative manner. This needs to change, if you are ever going to be successful. Sure, everyone would love to pay off their mortgage (if you own some property) as soon as possible, but that does...
The poll was made for laugh ;-)

As about life - I already had few hard lessons, and I know I will get much more

As about feeling of being unemployable - just a feeling after recent experiences. I am not pessimist. I am realist and I see how it goes. Actually I hope fx will work for me as it would be something I'd like to do and I stick to it after many failures. Trade in the morning, then do whatever I want, cook, work in my garden, ride a bicycle, watch movies, read books ;-)
On my way to financial independence - if others can do it - I can do it
  • #23
  • Sep 17, 2014 1:44am Sep 17, 2014 1:44am
1. Have you achieved trading success before?
2. If not, what are you changing or doing differently from in the past?

I'm sure you've been trading for a long time. There's this saying... If you could do it, you would have done it already.

So you probably can't. Something has to change for you to be able to do it. What? I don't know, but I trust you will figure it out good luck.
Build good relationships with others.
  • #24
  • Sep 17, 2014 1:47am Sep 17, 2014 1:47am
Quoting Eur Usd
That's why I opened this thread - maybe fact that people see me breaking discipline and will tell it for me will force me to stick to the discipline as I will be embaressed to brake it. So if you see me breaking my disciplie - do not hesitate to slap my whirst I will be posting every trade with chart and entry/exit explanations and analysis of mistakes
It is not our responsibility to tell you when you are wrong. You must learn this yourself, through trial-and-error. Sure, if people are nice, they may be willing to "slap you on the wrist" (as I would do and am doing now), but you cannot expect this. You must learn and figure it out on your own, the hard way.

I have fallen down probably 1,300,452,961 times, and I have stood back up 1,300,452,962 times.
Please check out my blog at https://from-zero-to-hero . net
  • #25
  • Sep 17, 2014 1:54am Sep 17, 2014 1:54am
Quoting shellsnail
1. Have you achieved trading success before? 2. If not, what are you changing or doing differently from in the past? I'm sure you've been trading for a long time. There's this saying... If you could do it, you would have done it already. So you probably can't. Something has to change for you to be able to do it. What? I don't know, but I trust you will figure it out good luck.
I had trading success before which was due to my stupidity and strong trending market - and then I have lost the money but it has encouraged me to keep trying.
more about me here: http://www.forexfactory.com/showthread.php?t=412433
and here: http://www.forexfactory.com/showthread.php?t=367514
And you are right, If I were good I would already be rich. But I gotta keep trying don't I?
What has changed? I have changed my approach. I won't be forcing trades as it was my problem. I will stick to writted discipline. I won't brag like some people - look at me, in 11 months I will be rich. No, I won't. I will try to pay the mortgage off, to be honest what I've planned may take 3 to even 10 years. Any get rich quick methods are like lottery - you may succeed but you most probably won't repeat your sucess.

What am I doing now? On one computer I follow charts, on another I play world of tanks ;-) I kep switching every few minutes to look at chart, and then I go back to game again. If I won't find good entry point today I will pass about 10-11am and go paint doors and frames in my house ;-)
On my way to financial independence - if others can do it - I can do it
  • #26
  • Sep 17, 2014 1:55am Sep 17, 2014 1:55am
http://traderfeed.blogspot.sg/2014/0...s-fail-to.html

The plans are not worth acting upon. This is a very common reason, but no one seems to talk about it. I believe people frequently veer from their plans because of intuitive wisdom. They sense that markets have changed and their plans are no longer relevant; they sense that their plans are not grounded in solid understanding and prediction and therefore do not trust them; and/or they sense that the plans are ones that they have merely mimicked from others and not ones they truly have confidence in. The presumption in trading psychology discussions is that one should reliably follow one's plans. My leaning is to question the premise. Plans are only worth following if they are well crafted and reflect approaches to markets that have a demonstrable edge. If you don't stress test your plans, markets will stress test you.
Build good relationships with others.
  • #27
  • Sep 17, 2014 1:59am Sep 17, 2014 1:59am
Quoting smash1820
{quote} It is not our responsibility to tell you when you are wrong. You must learn this yourself, through trial-and-error. Sure, if people are nice, they may be willing to "slap you on the wrist" (as I would do and am doing now), but you cannot expect this. You must learn and figure it out on your own, the hard way. I have fallen down probably 1,300,452,961 times, and I have stood back up 1,300,452,962 times.
It's not your responsibility but you do it anyway ;-)
And I am learning - takes years to be good trader. What have I got to lose? Worst case scenario I will fail, stand up, and treat the failure as another lesson
On my way to financial independence - if others can do it - I can do it
  • #28
  • Sep 17, 2014 1:59am Sep 17, 2014 1:59am
Quoting Eur Usd
Hi all like the title says - I want to pay off my mortgage as quickly as possible with fx money. There is no point for me to look any further than that. Life when you're mortgage free is much easier - you have comfort that nobody will kick you out once you lose a job ;-)
What happens if your wife kicks you out because she thinks you're a lazy b@stard who just looks at candlesticks all day?
used to be undecided but nowadays can't make my mind up
  • #29
  • Sep 17, 2014 2:04am Sep 17, 2014 2:04am
Quoting Eur Usd
{quote} It's not your responsibility but you do it anyway ;-) And I am learning - takes years to be good trader. What have I got to lose? Worst case scenario I will fail, stand up, and treat the failure as another lesson
One analogy I like for the market: The market is like a woman. If you make it your purpose in life, nothing good will come out of it. There's a pimp expression: she doesn't want to win, she wants to be with a winner.

If you achieve success in life, success in markets will follow. The same habits, skills, thought processes that help you achieve enduring success in life and business will allow you to succeed in the markets. The markets will never become your purpose. Your purpose is whatever vision you have that is productive. Trading is a shadow activity. You feel like you are getting ahead by trading but it's just an escape from real success and doing what you always wanted and are afraid to do in life.
Build good relationships with others.
  • #30
  • Sep 17, 2014 2:08am Sep 17, 2014 2:08am
Quoting Eur Usd
{quote} I had trading success before which was due to my stupidity and strong trending market - and then I have lost the money but it has encouraged me to keep trying. more about me here: http://www.forexfactory.com/showthread.php?t=412433 and here: http://www.forexfactory.com/showthread.php?t=367514 And you are right, If I were good I would already be rich. But I gotta keep trying don't I? What has changed? I have changed my approach. I won't be forcing trades as it was my problem. I will stick to writted discipline. I won't...
I suppose what I am saying is, there are certain ways to play the game of life that increases your odds of winning. Playing World of Tanks and trading with 100 pounds just doesn't seem like one of them. If we don't understand the rules governing the game, we will never win except by sheer luck.

Like what one of the earlier poster said... it's not a trading issue, it's a lifestyle/personal/self-development issue.
Build good relationships with others.
  • #31
  • Sep 17, 2014 2:09am Sep 17, 2014 2:09am
Quoting smash1820
{quote} And I know this to be fact because I have struggled with depression and suicidal thoughts for the last several years. Sure, everyone would love to pay off their mortgage (if you own some property) as soon as possible, but that does not mean that you are being realistic. I am afraid that life will teach you some very, very hard lessons, and that may just be the price you have to pay in order to achieve real, lasting success..
This guy sounds a bit like me!! lol
hey smash, if you still need a pop up/ad blocker try ghostery....in fact try ghostery regardless
used to be undecided but nowadays can't make my mind up
  • #32
  • Sep 17, 2014 2:14am Sep 17, 2014 2:14am
Quoting mrcreosote
{quote} What happens if your wife kicks you out because she thinks you're a lazy b@stard who just looks at candlesticks all day?
she won't ;-)
she knows what I am doing and supports me ;-)
On my way to financial independence - if others can do it - I can do it
  • #33
  • Sep 17, 2014 2:20am Sep 17, 2014 2:20am
Quoting Eur Usd
{quote} she won't ;-) she knows what I am doing and supports me ;-)
For the time being, what happens if you fail? have you got a plan B to save your marriage?
Actually that will be an interesting survey, how many traders have failed marriages/relationships lol
used to be undecided but nowadays can't make my mind up
  • #34
  • Sep 17, 2014 2:22am Sep 17, 2014 2:22am
Quoting mrcreosote
{quote} For the time being, what happens if you fail? have you got a plan B to save your marriage? Actually that will be an interesting survey, how many traders have failed marriages/relationships lol
why would I save my marriage? there's nothing wrong with it LOL
On my way to financial independence - if others can do it - I can do it
  • #35
  • Sep 17, 2014 2:41am Sep 17, 2014 2:41am
Quoting Eur Usd
{quote} she won't ;-) she knows what I am doing and supports me ;-)
I will respond to this point in a few minutes. I am glad you asked the question.
Please check out my blog at https://from-zero-to-hero . net
  • #36
  • Sep 17, 2014 2:42am Sep 17, 2014 2:42am
ok so I've started watching the 'this will change your life video' and this guy says 'we become what we think about', maybe we do, not sure what this says about the UK though where all the kids have their heads stuck in their phones and dream of get rich quick internet/tv stardom, 'the poor' and 'the rich' are fatter than ever....
If you become a really successful trader, you'll only need to work for a couple of hours a day, your neighbours will think you're weird not going to work, you might end up buying a bigger house then your small car will look even more out of place with all those flash 4x4s and oversized German barges
I'd just be careful what you wish for
used to be undecided but nowadays can't make my mind up
  • #37
  • Sep 17, 2014 3:06am Sep 17, 2014 3:06am
Trade 1 - Loss
Reason for entry was due to fact that price was bouncing of 139.00 area (blue circles), plus there was R1 of daily pivot at 139.03. My entry south was at 138.96. exit by s/l after 10 pips - price went south just after it hit my s/l ;-)
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On my way to financial independence - if others can do it - I can do it
  • #38
  • Sep 17, 2014 3:58am Sep 17, 2014 3:58am
Trade 2 and 4 - 2 trades, I violated my rules as was trading after 2 loses
Entry due to touch of 10 ema, second retrace bar, second touch of 10th ema, not sure what went wrong. I think I should;ve wait till bar closes and then decide to enter
Trade 3 and 5 was similar but on GU (with entry at round number and 10ema, seemed to be good entry point) so I won't be posting chart for this one.
I am out for the day. Weird thing is that I've seen few good entries before but was afraid to get in.
Violated my rule - not happy with it. I'll try again tomorrow.
Results for today: loss of 4.8%@51 pips
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On my way to financial independence - if others can do it - I can do it
  • #39
  • Sep 17, 2014 4:09am Sep 17, 2014 4:09am
I'll post a chart for GU anyway
trade 3 and 5
Reasons for entry: 1.6300 seemed to be resistance (blue line) that has changed into support after price crossed 1.63 nearly 40 pips, 10 ema was at the round number and 10 ema was steep, really not sure what has gone wrong, beside the fact that I should open trade after bar closed
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On my way to financial independence - if others can do it - I can do it
  • #40
  • Sep 17, 2014 4:15am Sep 17, 2014 4:15am
You can't expect GU to behave normally on the day before the Scottish election.
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