FX::tamer Trading Journal: Monday, March 07, 2011

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 7, 2011

NZDUSD - Sell off Pin Bar 4H (tercut GJ MasterKeiga haha)

- just came back from surau and having my dinner. sblm tu tuition my Maisarah for her exam tmrw.
- me terconfius dgn OP yg Master masuk GJ. wa ingat wa tersilap masuk GJ, so wa terus cut ler kui3x... bengkek jer MK hahaha. sori pak fahmi...
- Pin Bar formation off 4H and 21ema + DT daily
- R:R is 1:2
==edited 10pm
- SL hit -40pip

USDJPY - Sell off Daily Pin Bar

- Pin Bar formation on Daily with tip at 61% fib + monday cs tail at 21ema

- 4H cs bodies at bounce off TL and 50% fib

- R:R is 1:1

edited: 10pm

- SL hit -55pip

Post NFP Week...

This week I'm gonna take it slow and really do my analysis, write it down on my Note and wait wait wait until the trade(s) comes to me. Shall apply what MasterFibo said last week "ko kena sabor la" hehe.

Wish me all the traders.... cheers..