constitution

My FX CONSTITUTIONS
I am a PROFICIENT, DISCIPLINED and PROFITABLE TRADER. I enjoy trading to make a profit. I honour the responsibility I have to myself and to those who are watching and depending on me to be such a trader. I continue to educate myself on how the markets work and I also continue to educate myself on how the mind works so that I incur the necessary discipline to execute the right actions for my success. I know how to determine market direction and I have a simple trading methodology that has an entry and two exit strategies, one for profit, one for loss. My trading methodology feels comfortable to me, is easy to understand, obey and execute. I have a set of trading rules that make sense to me and I obey those trading rules. I always trade with a protective stop. When I find a trade, I create that trade and trade my plan. If my currency of choice does not fit my trading methodology, I look for another trade in another currency. If I cannot find a trade, I am patient until the market meets my criteria. Each trade either wins me pips or lesson or experience.

Tuesday, February 15, 2011

GBPJPY triple top on Daily


- GJ is making triple top on Daily.
- entry purely based on 3Top... and crossing my finger.. ;-)

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edited: 5pm
- SL hit at exactly at 134.70 then price retrace down :-( pergh ...
- should i re-entry at SL just now .... hmmm....
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EoW Review:
- eventhough there was Triple Top, but the PA is showing an Inside Bar, should have waited to see what transform after the IB
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