Sad i'm not trying to understand PA
- #7,842
- Edited 3:30am Sep 13, 2015 3:16am | Edited 3:30am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
a good interview of Mark Douglas - Mind over market, that might help someone... https://www.youtube.com/watch?v=GhKJ9P3agRc
excellent vid LK - thnx 4 posting ... there are 2 very important things in this....1. if you have any trading system with the edge [like we claim it with M30 TMS+PA] each trading result will still be random <- this is why noobs should forget about everything and just practice entries first [LW knows wat she is talking about]. If you win or lose the next 5 or whatever trades it means ABSOLUTELY NOTHING ... you will still win in the long run once you have everything in place (assuming you in fact have the edge) [...and NO - money management alone will not/cannot give you the edge - a common sales pitch
- lookup Hanover's posts on this and more]2. First mastering Demo [paper] trading is a key psychological first/last step. You should first be able to grow your demo trading - experience the feeling of detachment from the trading psychology because the last ultimate step is to return to this state of mind once you have mastered your demons - DO NOT disregard this step so quickly ... Big E knew this exactly which is why he said it
one trader can not give/make another trader a 'winning system'
- there are no short-cuts - the edge is more than a fixed set of rules - green/over/red etc
- #7,843
- Edited 4:01am Sep 13, 2015 3:50am | Edited 4:01am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} GM from Melbourne on Sunday [email protected] AEDT(I never woke up so early on Sunday, just happened to be today
, feel so fresh and peaceful
....) I am having breakie and spotted your posts and Davit's. I sense you have been working hard and I admire your determination. It's a good habit to be prepared for the week (both FA & TA). Davit has his strong FA sense and I do have mine which happened to be TA and who is opened to learn from both is the one benefit
....
so do i .... 
- #7,844
- Sep 13, 2015 5:53am Sep 13, 2015 5:53am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
EURUSD-D1 {image}
Yes totally agree.Here an interesting Quote from an article
"The markets appetite for U.S. dollars is going to be very important but it will not be the only driving force for the markets, especially in the front of the week. Based on the performance of the U.S. economy alone the Federal Reserve should raise interest rates because the unemployment rate has fallen to a level often associated with full employment. Wages are on the rise, the housing market is steady and manufacturing and service sector activity is expanding. The emergency conditions that warranted the zero interest rate policy is no longer in place and in turn, it is time to raise interest rates. However the Fed does not operate in a vacuum and between the volatility in international equities, the dovishness of the ECB, and the dovish bias of other central banks, it will be difficult for Janet Yellen to pull the trigger. 60% of economists surveyed by Bloomberg are still looking for the Federal Reserve to raise interest rates next week but Fed fund futures are pricing in only a 30% chance of a move. It will be a difficult decision for the central bank and for this reason we expect investors to reduce their exposure to long dollar positions ahead of Thursday's rate decision. In other words, the dollar should weaken in the front of the week. Even if the Fed hikes, the rally to be short lived with choppy trading to follow because we expect tightening to be accompanied by lower guidance. One rate hike is all we are looking for from the U.S. central bank this week and they will go out of their way to ensure that the market understands this trajectory."
Entire article is well written and worth reading.
In trading, you have to be defensive and aggressive at the same time
- #7,846
- Sep 13, 2015 7:45pm Sep 13, 2015 7:45pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #7,847
- Edited 11:07pm Sep 13, 2015 10:42pm | Edited 11:07pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #7,849
- Sep 13, 2015 11:50pm Sep 13, 2015 11:50pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #7,851
- Sep 14, 2015 12:30am Sep 14, 2015 12:30am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
{quote}
Sad i'm not trying to understand PA
- #7,852
- Sep 14, 2015 1:49am Sep 14, 2015 1:49am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Lik please help me? Where can I find the tool in the picture? Thanks {image}
wow - nice trading LK ... got in on the shake-out play - the only way to trade asian session 
- #7,853
- Sep 14, 2015 1:54am Sep 14, 2015 1:54am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
EU H4 update - @ a good level D1 supp&res - good time to become water - Moe Moe Moe!
- Moe Moe Moe!
- #7,854
- Edited 4:13am Sep 14, 2015 3:42am | Edited 4:13am
my latest go at youcad
4 sells D's style, one I took of this morning that I should have left alone, the other 3 I've taken now as I arrived home. and a few scalps over the last couple of days. Maybe should have left those 3 running as well, but,,,,,,, got something else I have to do tonight and better not let FX distract me.
+62 not counting my scalps
4 sells D's style, one I took of this morning that I should have left alone, the other 3 I've taken now as I arrived home. and a few scalps over the last couple of days. Maybe should have left those 3 running as well, but,,,,,,, got something else I have to do tonight and better not let FX distract me.
+62 not counting my scalps
&quot;You know what needs to be addressed , completely completely reverse that&quot;.
- #7,855
- Sep 14, 2015 3:56am Sep 14, 2015 3:56am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
my latest go at Ucad
Appreciation is the key to wealth and happiness
- #7,856
- Sep 14, 2015 4:07am Sep 14, 2015 4:07am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
GA short off 200MA, exited@BRN. I really like this Head & Shoulders type and H1 pin bar rejected off 200MA, was expecting to bag more, but felt worried at BRN...
I feel weird seeing this template ( I took it off as I no longer used it) came up when I opened my mt4 today and all my setups I have been using recently disappeared
I feel weird seeing this template ( I took it off as I no longer used it) came up when I opened my mt4 today and all my setups I have been using recently disappeared
Appreciation is the key to wealth and happiness
- #7,857
- Sep 14, 2015 4:12am Sep 14, 2015 4:12am
GA short off 200MA, exited@BRN. I really like this Head & Shoulders type and H1 pin bar rejected off 200MA, was expecting to bag more, but felt worried at BRN... {image} {image}
+25+50+68
- #7,858
- Sep 14, 2015 4:14am Sep 14, 2015 4:14am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
EA M30 cross +50+50+50+50+50pips - slow train ... 
- #7,859
- Sep 14, 2015 4:16am Sep 14, 2015 4:16am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Got the same move here L, but had not noticed the head and shoulders, thx for this analysis, also got out at BRN +25+50+68 {image}
gr8 trading M9 - #7,860
- Sep 14, 2015 4:17am Sep 14, 2015 4:17am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness