Stay a broke loser or be a professional trader (Journal to a dream) - Page 3
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Thread: Stay a broke loser or be a professional trader (Journal to a dream)

  1. #21
    I understand I still have much to know... actually I can assure myself right now that I don't even know what I really don't know.

    This is what to devote a journal: quoted from highway

    we frequently wish to argue. But in case you've got a journal, you can just argue on your own. You are able to convince yourself.
    If you like trading on M5 etc..with indiors etc.. and etc.. . What ever you're doing Write down the time you spend after every trade. The results the sum you win/loss with ceases, why stooped, why let winer run. How much time you spend with family. How can your mood with your loved ones. What quality?
    Eventually after a period you will have enough data. Then you've got the pros and con and you ask yourself HONESTLY. Is that what you want? Recall what SM Jones said in above post? You have to care just what's important to you.

    Additionally... he kept saying that trendlines fails the majority of the time? I'm going to show him wrong by studying how mike do breakouts and mix them together with S/R levels... when I failed miserably... it's still on demo

    And ah yes... the single most important thing is forex trading, and trend trading, and trading whatsoever markets, is again: Support and Resistance... no doubt... it seems that we as newbies and smart alexes, don't know what we don't know until we experienced it on our own.



    And Lo and Behold... PPZs... James was teaching us the truth after all, who are we to not love the guy?

  2. #22
    Today's trade.

    I have been waiting for this loong... ooh, it's a terrible habit to look for trades, I hope I have enough cash soon so that I can open an account with interactive brokers... to exchange stocks, so I currently don't even have the connection to view their webinars... doh... I need to wait until I get to my old city to do that.

    I am going back there.

    First the trade.

    It is EURGBP 4H Setup, condensed price action situated in an important loion in my charts. Behold:


    plus a trade's a trade, so we'll let this play out...

    meanwhile about the index , I have an open position on a Hangseng index futures mini account, roughly 10 cents a pip, currently risk is roughly $60... that's a lot for me personally, I have a buy at 21100 and SL is currently at 20500, motives are only support touch... may be a waste of cash... but I think that it might be better next time when I input after I see a PA on daily TF, dude, I have been seeing this index nearly my whole trading time, and I screw up if there's money at stake, sadly, all of my demo accounts on Hang Seng PA SR are positive...

    Aand... now for my own life... it's been awhile, but it's been shocking too, and some bad news...

    Turns out my fiancee's cousin will not be sharing the settlement money which he will obtained in two weeks time, that's kind a relieving, since I have been waiting so eagerly for this wad of money I have been postponing everything else in my life, I don't want compose terrible things about my fiancee's cousin, except that he's a hypocrite, nicely ain't we all? But this one eats his cousin's cash right off the bat rather than did had any intentions of sharing anything, I am done with this, only think about my emergency stop reduction for this investment has triggered and I'll continue earning money the usual manner, by working my bum off... this too, teaches me that sometimes all you can trust is yourself.

    And if something is too good to be true, it usually is.

  3. #23
    Trade... USDCHF little pin from 1.05 resistance... I am anticipating a EURUSD buy... the trend is upward and right now is the best time to get a retrace, there are also EURAUD that's in the intense reduced, but EURUSD is my favorite since it is in an uptrend and EURAUD is in a downtrend and it has a positive swap, but I will long it anyway using a little place, simply to make sure, since currently I am also brief AUDUSD... which make feel

    But if EURUSD doesn't supply a good sign on the 4H, I will think of passing it since my current exposure is large enough, but only maybe a little position



    I am somewhat tired so no opinions on the chart, the arrow below signify my long entry ages ago.

  4. #24
    That is today's trade, together with the tendency and out of BRN, but not out of my plotted S/R region.


  5. #25
    Trading Program posted on post #1

  6. #26
    I've seen http://www.group.us/Guests/video/trainingvideo.wmv video just today... thanks to Danku.

    And have opted to change the way I manage my transactions, will soon be adding it on the 1st article plan.

  7. #27
    I Finally got a copy of Martin Pring's ebook Pring on Price Patterns! Yay!

  8. #28
    Hi all,

    Here is actually the new trade of this day.

    I was attempting to search for the trend continuation installation, it turned into a nice pin with the trend on a nice place, one thing it lacks is space... but I will allow it to run and after price reaches 1.0420, I'll definitely move to break even... and that is that, the charts have spoken! It would be unwise for me to dismiss... let's just see how this plays out.


  9. #29
    Quote Originally Posted by ;
    I Finally got a copy of Martin Pring's ebook Pring on Price Patterns! Yay!
    False Alarm guys... I downloaded the wrong book.

    The compressed file was named: Pring on Price Patterns, while the book inside was Martin Pring's Technical Analysis for Short term traders...

    I guess I must keep looking... doh... that was submitted too early too shortly.

  10. #30
    USDCHF trade was discontinued for a reduction, of 0.4%.

    Man, it did not even reached the first PPZ I was considering, I knew those consolidations would be a nuisance along with the 1.05 round number are drained of vendors, thus the breakout with that level, I have been trading too many bars and are exhausted of setups.

    More rules to include from the first article: SPACE! SPACE! I want more SPACE! Look to your left!




    Luckily I have applied for a demo account in stock trading with Lightspeed Trading, I are now more picky and search for the absolute best trades on the greater timeframes.

    I like trading the 4H, but I need to add more confluence to my own rule.

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