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Thread: High Probability

  1. #21
    Here is some thing that helps a whole lot, '' I DON'T HAVE TO TRADE!!! I know what I am searching for. So I am always looking. However, if I don't see it, I do not have to exchange.
    That's great supply of relief.
    I used to believe If I could just get the trading on the point where I could quit working...
    That was a sure recipe for failure. The pressure to exchange was simply too much.
    As soon as I ch myself thinking like this I stop right away.
    With no stress the trading is moving quite nicely. Boom as I believe I want to trade. . losses.

  2. #22
    Interesting combination.
    Superimposing Japanese candles within the ha candles and including 13 xmpa and 8ema.
    Just in certain cases... like when a fad is well underway and I would be searching for an entrance.
    This centered on the foundation candle system which I used a tiny bit before.
    Simply add all this to the dragon template save it as a separate template and use when needed.
    The dragon by itself is great to get reversals and retraces
    the foundation candle setup superimposed over the dragon is excellent for entrances mid flow.
    The foundation candle modifiion would be helpful on the 15 minutes, 30 min and greater...
    wait for a pullback to 8ema, in uptrend entrance is on the open of a second candle after the preceding candle opens.
    Blend that with dragon signals for entries on reversals....

  3. #23
    Somehow have gotten off the trail. Apparently provided that there was a powerful obvious fashion that the Dow was excellent fun, such as sledding down a snowy hill.
    Now that the powerful trending has finished for a little while and up and down seasickness of consolidation has set in and all the volatility I can not find safe trades. I was taking trades anyway. Losing like anything.
    Problem is discipline.
    If the market is not right for the egy I must not attempt to trade anyway.
    I can look for a different egy for your seasickness market.
    But now I am stuck in an odd loion.
    I wish to capture larger motions. However, I like to grab lots of moves that are small too.
    I am not certain how to separate this out. Or if they need to be separated out. If the same egy can work for either or if there needs to be 2 distinct egies and maybe 2 distinct accounts.
    It is a little cluttered.
    The odds of winning are different for both kinds of trading.
    To capture big moves, there may be a few smallish losses before putting on board a big move.
    To capture lots of small moves, there might be a few small losses but there needs to many more winning motions than losses as they are small gains.
    So it is modest losses and 1 big win versus small losses and a lot of small wins.
    Hi profitability versus hello chances.
    Can I do so in one account? How can I recognize when to take a small triumph and when to let it operate?
    I am thinking it can be done. By consulting the higher time frames such as 30m etc I can see whether the move on the 1m has legs or not.
    I am using Japanese candles, a cross of this 5ema open/close shift 2, and macd with osma. Woodie pivots, and the 200ema, and shi_channels.
    Another question arises.
    Up to this point I have been trading just the 1 pair EURUSD. Should I continue to concentrate on just the one pair or keep an eye out on a few. The jpy crosses are very often actively trending as soon as the EURUSD is merging.
    That I will attempt to keep surveillance on 3 or 4 pairs.
    Another issue is over-trading.
    For a good period of time I was having a whole lot of success. Keeping discipline, no trading following noon NY, sticking to the egy signals completely, occasionally not even trading all day if a sign didn't seem, being satisfied with 1 or 2 trades. Though they were small gains. And quitting.
    Allowing time between trades.
    Successfully managing stress.
    This went on like this for weeks. And my trading results revealed it. Steady gain.
    Something happened and I broke stride. Maybe I am not plogically prepared to actually be successful. I started to think about all the money I could make if I kept the pace. And that is when I lost the pace. I missed a measure so to speak and stumbled. I must have just stopped there. Chilled out for a week or 2 if need be. However, no I jumped back but my self control was gone. It was like I was at the ring and had obtained a stunning punch and came out fighting but swinging wildly here and there. It was not long before I was down for the count.
    So how to get over a loss, not lose pace. Get thrown off course.
    The best way to not get so intoxied with winning always that when a loss comes it's not a knock outside.
    The only answer that comes to mind is awaken and begin again and practice practice practice.
    I am not a quitter.There's a Bangali folk narrative about the poor man who discovered how to make pots from clay. He made his first pot. Set it in front of him and sighed with satisfaction. He closed his eyes and began to dream of their thriving life ahead of him. With all t he money he would make from his pottery business he would build a home, and he would marry, and they'd buy a cow and have new milk. However, if his wife didn't help him with the bunny he would kick her. With that he kicked his leg and broke the only pot he'd actually made.
    My trading is similar to that.
    What would I do with the money? Would it actually make me happy or would it just be same with larger bills?
    If I didn't have to work time clock what would I do?
    Appears silly to even think like this, but I do. I have the opportunity to become well off by trading. It's not far off and I have tasted the type of success I know is there. But I am actually frightened of getting a lot of money.
    I believe that is why I shed pace. Get off course. Maybe I believe I do not deserve it for all of the dumb and dumb things I have done. And I have done more than my fair share of dumb and dumb things. I really could write a novel, but they might put me in prison or lock me up at a straight-jacket.
    So that it might be I need to confront all the skeletons in the closet before I can get to what appears to be the next step in achievement in trading.
    Where I don't see losing as punishment for past misdeeds.
    lectually I can see. But emotionally I seem to be stuck.
    I deserve to fail. If I am successful it will only be for just a little while but finally I will fail. Failure is the best end of it all. Not success.
    Like departure. We just live for just a little while but then we finally perish. So death is the supreme end. However, there is a transcendent reality. So I will need to tap into that transcendent reality to see departure differently. That death is not the end. That shedding is not the end. Transcending departure and transcending losing.
    The existential trader. The zen of forex trading.
    Each time I shed it's like dying. Each time I wake up and again enhance my skills it's like being reborn. Rising from the ashes. Improving. Improving Improving. One day - Kitty Hawk.
    That's what faith is like.
    Until one day that the falling, the shedding, is so insignificant it's for all intent and purposes non existent. A blink just. Nothing more.

  4. #24
    practice trades on simulator
    looking for 5 pips just on cross of emas
    practice practice practice

  5. #25
    Quote Originally Posted by ;
    Somehow have gotten off the trail. Evidently as long as there was a powerful obvious trend the scalping was excellent fun, like sledding down a snowy hill.
    Now that the powerful trending has ended for a while and up and down seasickness of consolidation has put in along with all the volatility I can't loe protected transactions. So I took transactions anyway. Losing like anything.
    Problem is subject.
    When the market is not right for the egy I must not try and trade anyway.
    I can try to find a different egy for the seasickness market.
    But now...
    Hey, this was among the best post I've ever read, your own thinkings are extremely great to see, and you looks like an extremely intelligent individual, very nice!

  6. #26
    In an effort to curb my addiction to counter trend trading I'm forming CTA

    Countertrend Traders Anonymous.

    Before any commerce members of CTA should repeat the 6 steps:

    1. I acknowledge that I cannot control my dependence on countertrend trading
    2. I understand a greater power that may give me power;
    3. I will examine past mistakes with the assistance of a host (experienced member);
    4. I will make amends for these mistakes;
    5. I will trade by strictly following my trading egy;
    6. I will help others who suffer with dependency to countertrend trading...

    I will read and recite these 6 steps before each trade.

    Anyone wanting to join CTA and stay anonymous may contact me throughforexforum.co.zaemail... Strict confidentiality is there at all times.

    The tendency is outside friend.
    best wishes
    .


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