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.

Monday, March 14, 2011

GBPUSD - Buy Limit at 50% fib of Daily Pin Bar

- Pin bar formation on daily + UT
- entry at BuyLimit 50% fib of PB or BuyStop if price break today high
- R:R is 1:1 or 1:2
- but MK already entered hehehe... so I cant enter anymore and shall look for other pair(s) ....
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- BuyLimit entry triggered at 3:30pm at 1.6040. TP at 1.6210, the next logical Res for the last 4/5 cs...
-  BuyStop entry triggered too hehehe
==
- both OP hit TP at +112pip and +52pip... what a good start ah hehehe
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2 comments:

  1. MasterKeigaMarch 15, 2011 at 9:29 AM

    I decided to closed GU post at 108pips before i go to sleep last night. GU already stuck at Res 1.6174 @ 74% and now we waiting if GU continue for the next Res. Now we looking the next signal to enter the market.Btw we have Inside Bar at H4 on EU and GU. So we wait and see how their made.
    MasterKeiga.Thanks

    ReplyDelete
  2. MasterKeigaMarch 15, 2011 at 6:33 PM

    ALhamdulillah nice trade today until this evening all transaction is done. We continued on the us market if we have a good signal.MasterKeiga.Thanks

    ReplyDelete

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