A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Fri Sep 21, 2012 4:10 pm

Notice that you can average your positions ahead of time without knowing how many lots you are going to buy; just a tip in case you ever decide to accumulate.

I do want to talk about targets for a second:

If you set a target of 20 pips then I think you should trade to 20 if for
no other reason than to avoid psychological weakness.
If it doesn't feel like price is going to go that low then REDUCE your position size by no more than half; this will give you UP TO DOUBLE more space (= initial risk).

Here is an exaggerated example:

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Tony Montana
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Postby Tony Montana » Fri Sep 21, 2012 4:22 pm

MightyOne wrote:
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lol MO nice hint lol
While it may be true that 95-99% of Forex traders fail, 100% of Forex traders who never give up will succeed
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MightyOne
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Postby MightyOne » Fri Sep 21, 2012 4:46 pm

As Ted Warren said, on his fuzzy cassette tapes, "...the public must be induced to buy when they should sell & sell when they should buy."

Encouraging Action & Discouraging Action is all that a chart boils down to.

Empathy is the most coveted trading skill.

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Tony Montana
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Postby Tony Montana » Fri Sep 21, 2012 5:42 pm

MightyOne wrote:As Ted Warren said, on his fuzzy cassette tapes, "...the public must be induced to buy when they should sell & sell when they should buy."

Encouraging Action & Discouraging Action is all that a chart boils down to.

Empathy is the most coveted trading skill.


;)


I recommend this movie for this weekend, is the best movie about trading
i ever see, if you dont understand the movie dont worry if you continue
trading the moment will come my friend.


PEACEFUL WARRIOR

PEACEFUL WARRIOR: TRAILER

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While it may be true that 95-99% of Forex traders fail, 100% of Forex traders who never give up will succeed

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dojirock
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Postby dojirock » Fri Sep 21, 2012 6:03 pm

Great job Tony....

We drained um this week! Nice charts.... Great tradin with ya this week!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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dojirock
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Postby dojirock » Fri Sep 21, 2012 6:27 pm

G/U Drain during room session :D :) :smt072 :smt082
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"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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dojirock
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Postby dojirock » Fri Sep 21, 2012 6:38 pm

A/U drained too!
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"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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Tony Montana
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Postby Tony Montana » Fri Sep 21, 2012 6:38 pm

Very nice profit you did today doji.

Congratulations my friend, we are ready for the next week :)
While it may be true that 95-99% of Forex traders fail, 100% of Forex traders who never give up will succeed

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PebbleTrader
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Postby PebbleTrader » Sat Sep 22, 2012 1:08 pm

Peaceful Warrior:

I like the scene where they go on the hike and the whole time he is so excited about where the hike is going to lead to... :)

It's about the journey not the destination.

It's such an easy trap to get caught up in thinking that the higher up the pyramid / ladder you climb, the better life will be.

The thing is, if you ever reach the top and look around, you'll ask, "Is this all there is up here?" and realize that enjoying the process was vastly more important than reaching the "success" peak.
Life is just a journey

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PebbleTrader
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Postby PebbleTrader » Sat Sep 22, 2012 1:11 pm

When I first listened to the audio book of Eckhart Tolle "Power Of Now", I had to pause it constantly as I was either taking notes or deeply thinking about what was just said...
Life is just a journey

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