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.

Thursday, February 17, 2011

USDCHF - Sell limit at 50% Pin Bar

- pin bar forming at 1H tf
- red news USD and Bernanke testified at 11pm
- entry based on 50% pin bar retracement
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- OP triggered at 1200am... let see what happen ...
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edited: 7pm Fri
- price bounce down, SL hit -20pips
- no trade when channel is closing in
- should take out popit conservatively, when pin bar formed at 4H
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EoW Review:
- I was wrong. I entered before the CS closed. It was not a PinBar !!!

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