Thread: Do You Have A Winning Mentality?

Originally Posted by ;

The MA cross system(s) on bigger TFs are in a way, the Holy Grail. Ride the waves, nothing complex. quote

And just how do you know when one wave is done and another starts? It is only a holy grail in hindsight with zero long term predictive power.

Umm, by wave I suggest tendency on a larger TF, nothing like Elliot wave or things like this.

Originally Posted by ;

quote And just how do you know when one tide is done and another begins? It's only a holy grail in hindsight with zero long-term predictive power.

Originally Posted by ;

Umm, by wave I mean tendency on a bigger TF, nothing like Elliot wave or stuff like that. quote

I understand - waves such as the oscillating nature of moving averages. But how do you get in and out at the very top or bottom without waiting and sacrificing all your profit?

Those who claim to have a Winning Mentality

... don't have one.

Originally Posted by ;

quote I know - waves such as the oscillating character of moving averages. But how can you get in and out in the top or bottom without waiting and sacrificing all of your profit?

Get in on the crossover, get out when it crosses back, or get out when it hits the desired risk/reward, as long as you've crunched the numbers and analyzed the data you should know what to do.

...a whining mentality

Originally Posted by ;

quote Get in on the crossover, get out when it crosses back, or get out when it hits the desired risk/reward, as long as you have crunched the numbers and analyzed the information you need to know what to do.

Getting in at the crossover and getting out when it crosses back is a losing egy. Countless individuals here have tried it and proven so. As long as you have crunched the numbers and analyzed the information is fairly obscure - are you saying you rely on fundamental news to find out which crosses you're choosing to enter on? What happens when you get a massive move from you and your lagging indior hands you a massive reduction because the cross did not finalize yet?

Arrgh..reading a few of the answers, but it's obvious some of us need the magik ball to cue in transactions. .
FWIW, hope it ceaseless and yeah, corny but all true - translated, even just a persistent DD trader will have hopes of making it big. . But a winning trader will have what it takes, to move ahead.
As for the components, begin with mentality and continue on to ability and an aptitude to learn and use knowledge. .

Dear A** H**es and their nearest and dearest. FYI your negativity isn't welcomed so be helpful to our fellow members OR S**k it... thanks for your attention!

Trader ought to be mentally strong in trading because Forex requires lots of patience cash management and trading abilities so that we are going to have the ability to earn good and consistent profit.