Highest Open / Lowest Open Trade

You're in a BreaKout and there is (was) still room for it go for more.

Shaping up to be more likely to go for us in the next hour now though...

CHFJPY


I'm actually more impressed that you have managed to successfully find a pair I don't think I've ever traded! CHFJPY??? What is that?

The above post got me thinking about the other ''weirdies'' out there - found this one. Didn't get the trade obviously but actually looks kind of interesting for the future. Go figure...

EURCHF

CHF currency seems to have been destroyed.

U.P.E.R.S.I.S.T. (<-- THE KEY TO BEING UNSTOPPABLE)

The young captain was still speechless as he gingerly held the paddle and scanned it from handle to blade tip. There were letters and words inscribed on the handle, stem, and blade. Tim looked closer and saw that it read UPERSIST from the handle down the stem. On the blade was the quote from the compass on the master and commanders helm: Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan Press On has solved and always will solve the problems of the human race. At the very bottom were the letters N E G U, clearly carved by someone elses hand. Tim smiled; he bet those letters were Roberts handiwork.
Captain Peter heard him recite the code: UUnderstand; PPlan; EExercise; RRecognize; SSurvey; IImprovise; SSeek; TTeam up. Its brilliant! I wondered how I was going to remember all eight actions, said Tim.

Alden Mills
from Be Unstoppable

The Code of the Master and Commander has 8 essential actions that can be captured in this acronym: U.P.E.R.S.I.S.T.

You persist.

Before we take a quick look at those actions, how about a little more background on our setting + characters? Tim is our young Captain. His mentor is the Master and Commander named Pete. In the beginning of the story, Petes friend calls him P2, double P, P squared and a bunch of other funny nicknames. We learn thats because Pete is called Persistent Pete. His boats name? Persistence.

They were born in the town called Uptoyou where everyone gets a boat and its up to them to improve it throughout their lives. While most never leave their home town (and its Hardwork Harbor), the Master and Commander has charted his own course and explored the world. I smile as I type that. Alden does a great job of creating a little fictional world to weave in these lessons.

And, after each chapter in the fable, Alden helps us apply the wisdom with some vignettes from his life as a SEAL and entrepreneur. Its perfect.

And now to our acronym and the 8 essential actions to becoming a Master and Commander of our own lives!

1. U = Understand Your Why. It all starts with knowing your WHY. Without a strong why, theres no way (!) we will persist through the inevitable storms in life. Alden has a great little exercise to help us identify our why for an important goal. Well get to that in a moment.
2. P = Plan in 3-D. Once we have our Why identified, we need to map out our plan. In 3 Dimensions: 1. Define it. 2. Divide it. 3. Do it daily. More on that in a moment as well.
3. E = Exercise to Execute. The key variable to executing our plan? The ability to sustain hard work over an extended period of time. Alden makes the case that EXERCISE is the way to build the engine of effort to help us do our best and tackle our big dreams.
4. R = Recognize Your Reason to Believe. Alden tells us we need to create small wins, and use that progress to build self-confidence. We need to see those small wins as reasons to believe we can achieve our big goals.
5. S = Survey Your Habits. We need to take a look at whats getting in the way of our success. We need to survey our habits to see whats working and whats not. Do more of the good stuff, eliminate the not-so-good stuff. Repeat. Forever.
6. I = Improvise to Overcome Obstacles. Our plans will never be perfect. We will ALWAYS (but only always) face obstacles when we chase big goals. When that happens, its time to improvise. Try different approaches. Learn from mistakes. Persist till you figure it out.
7. S = Seek Expert Advice. We need to own the fact that were never going to be great at everything. When we dont know something, its time to seek out expert advice.
8. T = Team Up. In addition to seeking out expert advice, we want to team up with people whose strengths compliment our weaknesses. And we stay motivated with our big, shared Why. Nothing great was ever achieved alone so its time to team up and rock it.

U.P.E.R.S.I.S.T. If you want to Be Unstoppable, yoUve gotta PERSIST!

P.S. NEGU? Thats short for Never Ever Give Up.

- Brian Johnson

CHFJPY Hahahahahahahahahahahahahahahahahahahahahaha...



Thank you, Rocket101

Glad to be of service!

Well done!

CHFJPY Anyone for a 1-2-3 on the bounce? Or is that pushing one's luck?

In the interest of fairness and disclosure - and of not-being-an-ass-ness - I will point out that I took a loss on this.

Avoided this freight train but also missed the later 1-2-3 that eventually came good. C'est la Vie...

Thnks alot

Who is taking the 10 trade challenge the week of October 16, 2016?


During the challenge you are only to trade the same pair.
Beginners do not get to trade multiple pairs until they have mastered trading one single pair.
GREEN PIPS TO ALL.
Cheers!

I've been following along several days now. I appreciate what I'm learning here. TooSlow, appreciate also the psychological side of your input. Good stuff and thanks for investing in others.

Jip - I am in. Why? Because I thought I had it in the bag... I do not!

Reality check... MY NOT TO DO list.

 

1. DO NOT let the emotional high of one day success influence you.
2. Trading is not the place to make mistakes and walk away with "I am sorry" A mistake in trading will cost you dearly.
3. DO NOT increase the amount you are trading with after some success. This is not a quick rich scheme!
4. Do not trade live until you have at least 21 days of successful 10 trades under the belt. By successful trades, I do not mean green pips - I mean well executed and thought through trades.
5. ALWAYS use the stop.
6. DO NOT trade more than 1 pair until you are certain you can risk real money on it and walk away with green pips.
7. Stick to HOLO. Read the rules, read them again, and then read them so many times that you can quote them in your sleep!

Why am I writing this? Because we tend to only learn and follow those who proclaim success. To be successful takes time, effort and honesty and many mistakes.
Be honest in your trading. Be honest with yourself. By accepting your mistakes and learning from it, you will be successful. Not by someone else's standards, but by your own standards.

My trade report for yesterday...

Which pair will you be trading, Rocket?

EURUSD - It is the only one that I have spent some time on.

eur/chf D1 chart is a nice pair for now...

hi tooslow
good work here
i will follow