Great thread

The Inner Game of Trading

I'm thinking it's just the holiday volume leaving algos to wreck havoc. The general trading principles still work but any measure of trend is basically useless. lol. As long as you spot a move, get onboard and keep riding it until a major level then ...

Zhu's Forex Thoughts

Royal Flush continued. Scenario: If price pressures the 8x area again for a breakout, retraces slightly again, pressures it again, and NFP comes by next week with a news catalyst, that would be a royal flush trade (daily/4H/1H/15min all trend up, ...

Zhu's Forex Thoughts

This is not what normally happens in these scenarios. 1H and 15 min are in downtrend and there seems to be a clean break on 4H. But I've learnt from Monday and Tuesday sessions to not expect anything normal this week. Normally during NY session, ...

Zhu's Forex Thoughts

Holiday Trading Very interesting set of moves on the EUR/USD this week. Trend plays have not been working well when they should be. Moves are straightforward without much retrace. Wonder if it's due to the low volume/participation. Methinks this ...

Zhu's Forex Thoughts

intuition?

Zhu's Forex Thoughts

Kinda like holding a royal flush? "I'll make it quick. Only speculate if you can make it a full time job. Don't take tips of any kind, no matter where they come from. Don't worry about catching the tops or bottoms, that's fool's play. Keep the ...

Zhu's Forex Thoughts

Update 4 (FINAL): Prognosis: Price will hit 1.1010 within the trading session. - FALSE Price will hit 1.09329 within the trading session. - FALSE Price will hit 1.09646 before hitting 1.1010. - TRUE Price will hit 1.09593 before hitting 1.1010. - ...

Zhu's Forex Thoughts

Update 3 H+150: There's a 70% chance price will hit 1.1010 in the next 2 hours of trading. There's a 13% chance price will hit 1.09329 within the next 2 hours of trading. H+165: There's a 60% chance price will hit 1.1010 in the next 1 hour of ...

Zhu's Forex Thoughts

Update 2 H+15: There's a 70% chance price will hit 1.1010 in the next 4 hours of trading. H+30: There's a 40% chance price will hit 1.1010 in the next 4 hours of trading. There's a 55% chance price will hit 1.09329 within the next 4 hours of ...

Zhu's Forex Thoughts

An Example: European Session 28 December 2015 During Trading thoughts (Update 1) What is the bias? Am I trying to go long or short today? Or am I scalping? H+15: There's a 70% chance price will hit 1.1010 in the next 4 hours of trading. H+30: ...

Zhu's Forex Thoughts

An Example: European Session 28 December 2015 Pre-Market Preparation Pre-Market Checklist Myself Am I sufficiently hydrated? Yes. Am I fatigued from the night before? No. Had more than 7 hours of rest in total. How should I respond if I am? ...

Zhu's Forex Thoughts

It's a good start. I don't use a "point" system per-se but I consider altogether about 15 variables for each trade that I take. Not all are relevant for every trade, and they don't usually point to the same direction. But I resolve them using my own ...

Point system to destinguish high or low probability trades?

I'm trading from Singapore so I am not sure where the confusion is. Thanks for your opinion. I never said I was an accomplished forex trader. It would be nice if you could substantiate your "opinions" with evidence/reasoning. As of now they don't ...

Zhu's Forex Thoughts

Gamifying Life Pt. 2 Pick any one particular aspect/domain of your life and ask yourself the following questions: 1. What does success in this domain look like and feel like? What are the processes that I can put in place to get me to/maintain that ...

Zhu's Forex Thoughts

A combination. But I am trying to move to always using a guaranteed stop and still maintaining the flexibility to exit earlier. Generally, the better the quality of the set-up, the more space I am willing to give it, so guaranteed stops can be ...

Zhu's Forex Thoughts

The Path Based on: url Read the post first. An extract: "As for the learning process of how you go about doing this, it's all about being constantly engaged with the markets, trying to figure things out and learn from experience. For me, for ...

Zhu's Forex Thoughts

Intent + Freedom from Outcome Tyler talks about this a lot when he discusses success with women. Trading is much of the same. Of course we are all trading to make money. Anyone who tries to reason otherwise is merely kidding himself. Making money in ...

Zhu's Forex Thoughts

Studying Failure When was the last time you read a book or article talking about failure and lessons drawn from them? I bet you can hardly recall. As a society we spend most of our energy looking at success and how successful people behave but not ...

Zhu's Forex Thoughts

Thanks for the kind words. Look forward to more of your input in the future.

Zhu's Forex Thoughts