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  1. N

    Any ideas?

    whre1, Great post. I think in images for sure. I think I will start to more and more actively visualise myself in an imaginary future waiting for a settup, and confidently putting on the the trade. As you wrote - the modality of thought and it's order is to my future reality what words are to a...
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    When to exit.

    10 good methods. 1) Pivot point, S and R levels and the mid points between PP and S - R levels make good targets. 2) If it is a reversal trade look at the 34 Ema on the higher time frames - ie the 34 ema on the 13 min. chart if you trading of the 3 minute chart - it often is a strong support...
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    can i retire in 5 years starting with 5,000$ ?

    If you have to ask such a question then the answer is no. Currently Eur/Gbp Long at .6785 - a nice swing play - inverse head and shoulders on the daily.
  4. N

    Any ideas?

    JM, Usually all in all out, as I fear that i would revenge trade if it was going against me. All in all out - if it doesn't work I just take a break wait for a few more hours for something else to crop up on another pair. I'm usually done with that pair for the day if i get stopped out - I have...
  5. N

    Any ideas?

    Logically that is true but in practise not so - the worry is always just around the corner. Not really a goal as such - although I like to put on at least two trades a day as that is all i can handle at this stage. Again, its the difference between scalping and intraday swing. Scalping...
  6. N

    Any ideas?

    I made up a Trading Diary - record all the transactions as well as emotions that i feel at the time of putting on the trade. I can see that working out very well - but I never had the discipline to follow it. Re the mental issue, I am thinking of seeing a counsellor again.
  7. N

    Any ideas?

    Again well said, I have been thinking to forgert the Asian session and just not go near the computer in that time - perhaps I am trying too hard and the net result is that i am burning myself out.
  8. N

    Any ideas?

    In forex I like looking for the high probability settups that will move a bit - and the one hour t/f is a very good time frame - it is the balance between the small timeframes (5-15 minute) and the large ones (4hour, daily). That way when I'm in I can let it go even if it comes back to BE a few...
  9. N

    Any ideas?

    Point noted Since middle of last year full time. I took a break for a while when things wern't working out until before the new year. I like to swim and make it a competition of how many laps I can do. I say at the outset "I will do X amount of laps regardless" Am I afraid of success? I...
  10. N

    Any ideas?

    Forex is different. It's not that I sit all day in front of the screen. I wait for an hour or 3 for the settup at market open (I live in Sydney and start at 9am) and put on the trade. Take a walk, eat, check the chart after a while, move stop to BE and set targets when price action dictates. Too...
  11. N

    Any ideas?

    I've known this and I will do it, thank s for the support. But the question remains - why do i feel so - even if i desensitise myself by doing it many times I bet i will still feel the pressure again - does it ever go away permanently - logic would dictate that it should but I can't for the life...
  12. N

    Any ideas?

    I had friends of mine who know my potential offer me money to trade for a percentage of the profits. I reasoned that I would feel like a fund manager as oppossed to a lone trader and I would be "more serious". I never followed it up as i was worried that I would have someone "cramping my style"...
  13. N

    Any ideas?

    I am not trading with scared money. I have proven my system since late last year so I know it works - my point is why - after all this time do i still feel those feelings of being trigger shy when everything else is saying that it's a go. The suggestion earlier was raised of trading many times a...
  14. N

    Any ideas?

    Well said. My dilemma is that I beat myself up for not taking a winning trade although the losses take longer to kick in – usually I don’t feel so bad at the time – but I feel shitty the next hour/day
  15. N

    Any ideas?

    Now that I think about it - I am usually overly worried that this trade is going to be a loss maker. Even though I should be feeling positive because all the waiting I have been doing has come to a textbook settup - yet I still feel difficulty in pulling the trigger - because i think about the...
  16. N

    Any ideas?

    Also I have a couple of questions for you. What do you trade? Currencies How many trades do you make each day? 1-4 trades a day What is your trading style? Look for pullbacks in a trend or reversals. I trade of the one hour charts - 5 minute and second charts to fine tune. Indicator and...
  17. N

    Any ideas?

    I have noticed that very often just when a good trade settup emerges - I usually feel uncomfortable, I usually experience a kind of "minor freeze" almost as if I have to force myself to put on the trade. I am looking for every excuse not to put on the trade, when I am about to go for it, and...
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    My 5 minute mental snapshot during the trading day waiting for the setup

    NZD is just a joke - sKaLpZy where are you? 1 or 2 Yen trades in the morning, 1 or 3 Swissy trades in the afternoon/evening/night/early morning.
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    My 5 minute mental snapshot during the trading day waiting for the setup

    My 5 minute mental snapshot during the trading day waiting for the setup ... I wonder what they are saying on ET What time is it in Singapore/dubai/Buenos aires/Hawaii right now Look at yesterday’s head and shoulders formation That time frame is telling me up but this one is kind of...
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    Do market wizards post on web trading forums like ET?

    Do market wizards post on web trading forums like ET? Discuss. At first I thought of putting poll options like who cares, don't know or they used to, but I want to keep it simple.
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