journey to become quotTHE Professionalquot - Page 2
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Thread: journey to become quotTHE Professionalquot

  1. #11
    OSayISusos
    Guest
    Quote Originally Posted by ;
    I finally printed out my Forex trading plan to the year. It's by no means complete as I will constantly be adding and fine tuning.

    It stands at 54 pages . You will find details inside as specific as exactly how I'll draw a fibonacci. Or as overall as how my desk will appear when I begin my trading session.

    So because of its overall view of the Fx. I'll be focusing on eurusd mainly. Then usdjpy at particular trading occasions.

    I have a mentor/ accountability partner. That is an individual who deals too and gets no monetary gain...
    just stumbled on this post from rufus.
    The professional in my mind definately has just had the bar raised somewhat higher.

    My current trading program is okay but it certainly needs some more work.
    I also like the mentor/accountability spouse idea. I might add it to my initial article. .

  2. #12
    breszarraTk
    Guest
    Nice well defined rules, good luck with your trading.

    If you don't mind me asking. That last EUR/GBP triangle. What was the decision making process for one to let the profits run for that long? Triangles on the 5 second chart are pretty reliable signals but 8x risk is wonderful.

  3. #13
    OSayISusos
    Guest
    Hi mysterio

    basically with this commerce it just moved so fast that pretty soon I was up 2 or 3xR. . So after that I was just checking the transaction every 6-8 hours and moving my stop down if I could see a fantastic area to place my stop.

    I attempt to move to higher timeframes since the transaction develops. So by the 3rd day I think I was just watching the 4h chart.

    I dont think this trade was a fluke either. . As Ive had perhaps 5 trades that would have returned 5R should I hadnt taken partial profits.

    It's taken time to convince me that I need to provide these trades an opportunity and really let them run.

  4. #14
    OSayISusos
    Guest
    So this was a transaction I was in when I went to bed last night.

    It finished being being a 0.5% loss. I probably could have got my stop to breakeven with an EA but im really not that concerned. It could just as readily be up a long way.


  5. #15
    OSayISusos
    Guest
    sell stop triggered.

    This is an intriguing set up as it continued to move sideways directly towards the end of the wedge.

    UK cpi outside in an hour so this is where I hope for a little buffer before some unexpected amounts send this thing south. .

  6. #16
    OSayISusos
    Guest
    intriguing chart-

    I visit a conflict between two opposing sides once I look at this chart.

    The vendors are making their desparate last stand about 9865. . And the buyers are getting with each attack. .

    Whoever wins is very likely to face little resistance for some time

  7. #17
    OSayISusos
    Guest
    So gbpchf went went nuts with cpi data. . 50 pip spread ceased out me,

    on to another one!

  8. #18
    OSayISusos
    Guest
    Quote Originally Posted by ;
    interesting chart-

    I visit a conflict between two opposing sides once I look at this chart.

    The vendors are creating their desparate last stand about 9865. . And the buyers are getting closer with every attack. .

    Whoever wins is very likely to face little resistance for a while
    nicely well

    I didnt make this transaction as the top trendline was a bit ill definded. . But I love to find the setups take off like this.

  9. #19
    OSayISusos
    Guest
    Ok here is my first effort at building a movie entry. . I want to record my thoughts and thoughts and also improve my talking.


    I apologize for the image quality as im fairly unfamiliar with camtasia.


  10. #20
    OSayISusos
    Guest
    I have placed an order.

    London is going to open and liquidity should boost abit. . The Japanese bank vaion is making things a bit funny. .

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