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 16, 2011
USDJPY - Sell at 4H Pin Bar Continuation
- Pin Bar formation 4H - strong DT daily/4H = continuation pattern
- R:R is 1:1
==
- TP +38pip hit
ALhamdulillah i think, u have started found yourself. Good job and good luck!. Maybe we can get something from this word below.
Psychology In Trading
Trading is a losing game if you cannot control yourself.
- If you afraid to lose, you will lose - If you afraid to win, you will lose - if you hope to win, you will lose -If you lose your hope to win, you will lose - If you greed you will lose - If you are not greed, you will lose - If you are late you will lose -If you are too early you will lose - if you get disappointed and mad when you lose, you will lose even more.
But it's funny how my admire mentors keep saying: "Forex is like picking money from the floor. It's as easy as that. The problem starts only when you start to take more than what you need."
Balance is the key. Learn from the universe around you. How God created the universe and put everything in a balance to make everything work. That's the rule of this universe. So it means, your trading strategy will only work if you can find a balance inside you. Balance between fear and hope. Balance between starting and stopping the trade. Balance between being smart and be a stupid. Balance between doing the trading and doing everything else you are supposed to do in your life.
There's a limit in everything. The prices will not climb or falling forever. At some point it has to rest for turning around or continue further. We should learn from it.
It means, we cannot break our limit and expect to become a good trader in a day, a month or even a year. We just have to keep punching and kicking our limit step by step while maintaining a good balance inside our self. Sometimes we have to stop to get rest before we continue later.
Forex will teach you so much about yourself. Learn from it to recognize and overcome your weaknesses. Keep your balance straight, so you can stand on it. If your balances fall, you will fall.
Remember this, You only lose when you lose your money. Missing an opportunity to make a money is never make you a loser. Don’t push your luck by forcing a trade, be patience. There'll be plenty of opportunity in another time.
ALhamdulillah i think, u have started found yourself. Good job and good luck!. Maybe we can get something from this word below.
ReplyDeletePsychology In Trading
Trading is a losing game if you cannot control yourself.
- If you afraid to lose, you will lose
- If you afraid to win, you will lose
- if you hope to win, you will lose
-If you lose your hope to win, you will lose
- If you greed you will lose
- If you are not greed, you will lose
- If you are late you will lose
-If you are too early you will lose
- if you get disappointed and mad when you lose, you will lose even more.
But it's funny how my admire mentors keep saying: "Forex is like picking money from the floor. It's as easy as that. The problem starts only when you start to take more than what you need."
Balance is the key. Learn from the universe around you. How God created the universe and put everything in a balance to make everything work. That's the rule of this universe. So it means, your trading strategy will only work if you can find a balance inside you. Balance between fear and hope. Balance between starting and stopping the trade. Balance between being smart and be a stupid. Balance between doing the trading and doing everything else you are supposed to do in your life.
There's a limit in everything. The prices will not climb or falling forever. At some point it has to rest for turning around or continue further. We should learn from it.
It means, we cannot break our limit and expect to become a good trader in a day, a month or even a year. We just have to keep punching and kicking our limit step by step while maintaining a good balance inside our self. Sometimes we have to stop to get rest before we continue later.
Forex will teach you so much about yourself. Learn from it to recognize and overcome your weaknesses. Keep your balance straight, so you can stand on it. If your balances fall, you will fall.
Remember this, You only lose when you lose your money. Missing an opportunity to make a money is never make you a loser. Don’t push your luck by forcing a trade, be patience. There'll be plenty of opportunity in another time.
MasterKeiga.Thanks.
so perfectly defined and well-thought article; especially that "balancing it out as nature does, as God intended it to be"...
ReplyDeletetq MK...