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.

Sunday, March 20, 2011

Weekly Review - Time To Stick To What I Do Best

This is my review for week 3 of my journey to master the price action setups. I'm happy to say that I am quite satisfy and blessed with my progress thus far... (kasi self-bodek ler ni hehehe)

I just realized that March marked my 1 year journey as a full time trader. Yes, its true that I was trading few years back but that was not done at "trade for a living" level. The psyche was totally different back then. The pressure and emotion flow and psychological tsunami were not that mammoth. Last year I decided to quit my day job and start "memorex full time" - what a bold move. I believed back then that I CAN and WILL be a disciplined, profitable and successful trader. And after 1 full year, I finally see and feel, its is now within my reach....

This last 3 weeks were totally exciting. By Allah's Grace, I revisited Nial Fuller's portal and started studying and applying his methods of PA setups. Trading naked, without indicators, suddenly become such a fun and clear things to do for me. Once a while I still experimenting by plugging my old collection of indis, yet to find out, its only distract my analysis and thus cost my entry badly. I finally give in and now the few EMAs that I still keep on my chart are very thinly colored as not to be seen that much at the background. I only used the EMAs as my dynamic S/R levels to "see" what are PA doing at those level.

[ I got to stop here NOW coz I promised myself to sleep early today. Im sending back my princess Sakinah back to Sek Tun Fatimah early subuh tomorrow. I need to get enuf sleep tonite as the driving will take me bout 4 hours with the pit-stop. InsyaAllah, we shall continue later ....sweetdream fx::tamer ]