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.

Wednesday, March 2, 2011

TIME FOR SELF REFLECTION.....

this journal should have been pen on mlm smlm, but I x berkesempatan nak buat

I just had 3 losses in a row... not a good start of the week at all...

I now decided to apply what my mentor commended - get away frm the computer screen, do something else, come back until my mind is stable again and can follow my "constitution" again. And that is what exactly im doing now... I layan Arfan berceloteh, close all terminals except one, watchcing John Stratham's "Mechanic" movie. Best jgk jalan cerita nya. Menyambil reading my emails and FB etc. My mind is now out of forex world... what a gool feeling it is...

Tmrw I WILL start fresh. I will continue on my success off last week. Few things need to be improved this week, psychologically speaking. My entry will only based on PB formation, 4H/Daily, follow established trend primarily.

Wish me all the best fellow traders... hepi pipping... the green one, i mean. kui3x...
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