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My way to highway

I don't know if I am in any position to give you any suggestions as I'm just starting up on my journey to consistency. But after looking at your last few trades which contributed to your DD I noticed that you let those positions run as far as ...

My way to highway

Thanks Brixen ! I'll have to rely on your journal (even more) for holidays, expirations dates and for any surprises as it affects my positions

Journey to consistency

Do I feel "ready" ? Yes ! It's good to see consecutive greens after years of reds the first image is from my last "live account" I mean 2 dead accounts , gain is at -99.9% monthly average -42% I lost 61% of the time so I guess I've made a ...

Journey to consistency

As of next monday I'll commence my live trades so I thought I'd go through few things and look back on "expectations" Am I ready to go live ? Although my results have recently found some form of consistency I am ready to go live, I do have ...

Journey to consistency

Besides discipline and sensible MM if you haven't got an edge you'll end up losing your account and money anyways it's just a matter of how long can you sustain your account. So my answer is "EGDE" Keep your money in your pocket/account until you ...

Why 95% Of All Traders Fail

Entry was better than the last few trades taken with this method. But exit was "meh". Fear took control ended the position with a small gain. Nevertheless gain is gain it did hit 30pips I was with the trend. After my entry price kept rising up til ...

Journey to consistency

My entry wasn't clean and supposedly I was with the trend bailed out a little too early this was a good 40-45pips setup. I held the position under water for a good 15minutes or so with a mental SL I wouldn't lie I was tempted to close the trade but ...

Journey to consistency

I had a feeling that this was building up for a short , don't know if buyers are waiting down below anyhow since this is out of my working hours and expertise I'll stay put and call it a day here. But this chart shows how fast price can reverse if ...

Journey to consistency

5pips shy of a proper 30pips a day goal. Not bad, not bad at all. Don't think it'll ever become "easy peasy" I always keep "what if's" in mind and ready to carry out a "bail out" operation if and when things go to the other direction and carefully ...

Journey to consistency

absolutely ! after all life is measured by the moments and experiences we pursue not how much we can earn per month, per day and each year. And it's too short to waste it away on earning pips every day every month. I learned that sky isn't the limit ...

My way to highway

DAX short Still not quite hitting that 30pips but it's a work in progress. I might not be razor sharp with my entries and I should be if I want to keep that 30pips but I am doing good with my exits since (i think) yes I leave a lot on the table but ...

Journey to consistency

Think I did 17-18pips but I need to go for 30pips and it did for go for 30pips. This is the method don't care if it's countertrend, with the trend I capitalize on London open and call it a day. DD is at 1.1% from 0.4% not bad however I shouldn't go ...

Journey to consistency

Nope but I'd love to so I can go on and work on my other projects once I hit my target for the day. Other projects you ask ? Depending on your age whether if you've got family and kids I guess the answer will vary. But if you're not married or don't ...

The realm of indefinite answers

you must "internalize" every information you have gathered through "trial and error" you slowly build up the courage to pull the trigger. no amount of spoon-feeding will make anyone a trader , think I have my answer to the question.

Back to the Future – My Freewheeling Journal

What's the sequence ?

Back to the Future – My Freewheeling Journal

on the first arrow I can see that it breached the 12400 level but what if it did come down heavy and fast as it reached the R1 previous high, what really convinced you to take the trade ? when I'm trading like you, entering multiple trades ...

Back to the Future – My Freewheeling Journal

Been trying to trade Nikkei (not again !) on another demo on 2m, and I've got just one word for you it's not for the faint hearted and the shallow pockets. Yes it can move over 200-300pips during Tokyo session usually lasts until lunch. But then ...

Journey to consistency

I think it's good to have a target in mind depending on what instrument you trade you can have a rough idea as to how far the range goes during certain time of the day. But that doesn't mean you'll hit the target everyday sometimes maybe short 5 ...

My take on Emotional Discipline

we can only retain our concentration for so long. I think you're being too hard on yourself, come one! you've done 147pips. I'd call it a week Aside from the joke I think at some point it becomes counterproductive to push yourself to keep on ...

Back to the Future – My Freewheeling Journal