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Les Lau replied Feb 17, 2013Many traders can follow their entry plan & lot size.. Do we have the discipline sticking to the Exit plan?
The 3 Elements of a Successful Trader
- Les Lau replied Feb 16, 2013
Hi u can read earlier posts in this tread regarding karma subject. In future i might post more for discussion..
The 3 Elements of a Successful Trader
- Les Lau replied Feb 15, 2013
buy eu @1.3220 taken tp1 (50% position)
The 3 Elements of a Successful Trader
- Les Lau replied Feb 15, 2013
Sl hit. (*Post analysis: ej just trade once per day as bounus ~esp when no setup entry for eu)
The 3 Elements of a Successful Trader
- Les Lau replied Feb 14, 2013
eu buy @1.3392, ~missed 2pips (late entry) bcoz bit hesitate Tp1 taken
The 3 Elements of a Successful Trader
- Les Lau replied Feb 14, 2013
hit SL for this partial position.
The 3 Elements of a Successful Trader
- Les Lau replied Feb 13, 2013
earlier post analysis: - mon start buy > 0830.. >0700 sell bias? - near/hit/over previous day high/low, use larger SL ~20% ATR(28), if form DT/ DB pattern then no near (FR/ pr) trade ~major FR line ok - break below/above? low/high line, use 0700 as ...
The 3 Elements of a Successful Trader
- Les Lau replied Feb 13, 2013
Earlier buy trade taken Tp1, 2 Tp3 set @1.3573 Now for last(partial) trade i learn to hold it longer
The 3 Elements of a Successful Trader
- Les Lau replied Feb 13, 2013
hehhe Tp! :-) This one i use R/R 1:1 (14pips)
The 3 Elements of a Successful Trader
- Les Lau replied Feb 13, 2013
Just open another trade, sell @1.3480 (by using half size position, another account) how will this trade work out..let's see
The 3 Elements of a Successful Trader
- Les Lau replied Feb 13, 2013
I agree that believe in 'lucky feet' can be dangerous & unbenefitial for a trader. Karma is a huge subject, it's about the 'Law of cause and effect', not as simple as being lucky Yes, the essential of successful trading can be narrowed down to the ...
The 3 Elements of a Successful Trader
- Les Lau replied Feb 13, 2013
post-analysis: - S turn R as S/R. Draw & trade this key line(esp. on 'higher' location). - drawn line precision to 1pip. (No negotiable, as S/R touch/ FR, cautious PA ~near touch~retrace~blast through) - Dax start > 0755
The 3 Elements of a Successful Trader
- Les Lau replied Feb 12, 2013
post analysis: - Fx ~focus now on eu, ej. let go gu(for same ATR & spread, choose best pairs/most respect drawn lines) - once open buy, if sell use half size positions(even not yet hit Tp1) if double/ triple bottom rejected(buy), no near sell ...
The 3 Elements of a Successful Trader
- Les Lau replied Feb 12, 2013
Yes, traders provide liqiudity to the market
The 3 Elements of a Successful Trader
- Les Lau replied Feb 11, 2013
post-analysis: - Double triple bottom as support, trade line - spike/wig 1 way not as SR, no trade line - Mon if downtrend strong, no trade fri low line - ej 1 trade per day(as bonus?), start >0700/ 30
The 3 Elements of a Successful Trader