Aliassmith Psychology 101 and other stuff

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MightyOne
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Postby MightyOne » Sun Apr 11, 2010 3:10 am


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Postby prochargedmopar » Sun Apr 11, 2010 3:16 am

aliassmith wrote:"He produces the indicator vids for those who need the psychological crutch." PRO

I am not saying people can not trade successfully with psychological
crutches as you call it. 8) Although that is what I feel they are.

Stick to the horizontal lines procharged they are freedom.

And as some people believe Forex liquidity in endless I shall let them
believe what they want. :wink:

It is not like I said I saw the Lochness Monster or anything.


It is not like I said I saw the Lochness Monster or anything.
LMAO..... :)

Oh, and btw, it is an endless liquidity pool for 97% of traders.......as they use 10 cent pips like me!!!!!
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My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby es/pip » Sun Apr 11, 2010 3:52 am

MightyOne wrote:http://www.youtube.com/watch?v=89KyfTDgPyc&feature=player_embedded



exactly what i was thinking

i didn't understand it, but i am pretty sure i understood it

if that makes any sense

where did i put my glass of whiskey?

Image
Bend over and assume the position for another 4 years of hope and change.

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Postby noone22 » Sun Apr 11, 2010 10:55 am

aliassmith wrote:Made up some picture perfect looks at zeroline concept.


And so what?
How do you actually trade near the zeroline?
Wait for retrace from it?
Or wait for it to be broken?

Or it's all about psyho?

aliassmith
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Postby aliassmith » Sun Apr 11, 2010 1:12 pm

noone22 wrote:
aliassmith wrote:Made up some picture perfect looks at zeroline concept.


And so what?
How do you actually trade near the zeroline?
Wait for retrace from it?
Or wait for it to be broken?

Or it's all about psyho?


Take a trade when price is near the small body?
If it wicks you in good?
If it closed against the small body exit?
Maybe I don't have enough question marks????????????
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aliassmith
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Postby aliassmith » Sun Apr 11, 2010 1:22 pm

MightyOne wrote:http://www.youtube.com/watch?v=89KyfTDgPyc&feature=player_embedded


Are you serious! Now that is funny stuff.
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Postby prochargedmopar » Sun Apr 11, 2010 2:35 pm

Alias, I finished the 4yrs of archived video's in PTC(100's and 100's) and now listening to personal power.

Would it be true to state that your previous scalping "system" was just that, and it kept your emotions out of the game? But now your becoming a discretionary trader and your having to face the emotions of fear/greed.......pleasure/pain??

For me, I from the start was a (mental stop loss) kind of guy and have NOT been able to follow any system because I've seen their shortcomings from day one of my studies.

As an emotional person, it's been hell not having the guidelines of a "system" to fall back on.

Slow process for sure.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby aliassmith » Sun Apr 11, 2010 3:22 pm

prochargedmopar wrote:Alias, I finished the 4yrs of archived video's in PTC(100's and 100's) and now listening to personal power.

Would it be true to state that your previous scalping "system" was just that, and it kept your emotions out of the game? But now your becoming a discretionary trader and your having to face the emotions of fear/greed.......pleasure/pain??

For me, I from the start was a (mental stop loss) kind of guy and have NOT been able to follow any system because I've seen their shortcomings from day one of my studies.

As an emotional person, it's been hell not having the guidelines of a "system" to fall back on.

Slow process for sure.


Well my initial scalping system was a little scary at first. It was high
leverage and fast trades, ie. less than a minute. There was hardly anytime
to think so my mental issues went away real quick, especially after I had
some great results.

What I do now is really discretionary. The trades are longer, 5 minutes
to 25 minutes roughly. That leaves a lot of time for the mind to wander
and scramble my plan.

After I listened to Tony, I realized it must be some sort of fear or self
sabotage. Now I am trying to condition myself to believe there is more
pain not following the game plan.

The market is not out to get me
The market moves in a fairly logical way
The market is not exact, it is an approximation
My skills will determine my success not luck
I am the master of my destiny
I take responsibility for my actions
There is no excuse for failure
A losing trade is a learning experience
Losses will happen on the way to the finish line
It is not about being right, it is about making money

As I told someone recently. I trade a simulator and can make 40 to 100
pips in the first half of the US session. I trade live and it is a struggle to
make 20 pips.

Controling the mind and being confident are key.

I believe I am closer to getting over the "hump".

If you take Tony's lessons to heart PRO you can do well.
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Postby es/pip » Sun Apr 11, 2010 3:58 pm

prochargedmopar wrote:Alias, I finished the 4yrs of archived video's in PTC(100's and 100's) and now listening to personal power.

Would it be true to state that your previous scalping "system" was just that, and it kept your emotions out of the game? But now your becoming a discretionary trader and your having to face the emotions of fear/greed.......pleasure/pain??

For me, I from the start was a (mental stop loss) kind of guy and have NOT been able to follow any system because I've seen their shortcomings from day one of my studies.

As an emotional person, it's been hell not having the guidelines of a "system" to fall back on.

Slow process for sure.



the problem with systems is they do not adjust to the market when the market changes its ebb and flow

the system always does the same exact thing no matter what happens.

the discretionary trader has the upper hand, because he/she adjusts to what is happening as it happens. when the market changes from a 100 pip swing range to a 15 pip swing range, the discretionary trader can see this and make needed adjustments. The system is still trading the system no matter what happens.


you just need to take your stops when they happen and move past the fear of losing a trade, and then build what you are doing from that point.

you do not need guidance from a system--- you just think you do.
Bend over and assume the position for another 4 years of hope and change.

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prochargedmopar
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Postby prochargedmopar » Sun Apr 11, 2010 6:47 pm

aliassmith wrote:
prochargedmopar wrote:Alias, I finished the 4yrs of archived video's in PTC(100's and 100's) and now listening to personal power.

Would it be true to state that your previous scalping "system" was just that, and it kept your emotions out of the game? But now your becoming a discretionary trader and your having to face the emotions of fear/greed.......pleasure/pain??

For me, I from the start was a (mental stop loss) kind of guy and have NOT been able to follow any system because I've seen their shortcomings from day one of my studies.

As an emotional person, it's been hell not having the guidelines of a "system" to fall back on.

Slow process for sure.


Well my initial scalping system was a little scary at first. It was high
leverage and fast trades, ie. less than a minute. There was hardly anytime
to think so my mental issues went away real quick, especially after I had
some great results.

What I do now is really discretionary. The trades are longer, 5 minutes
to 25 minutes roughly. That leaves a lot of time for the mind to wander
and scramble my plan.

After I listened to Tony, I realized it must be some sort of fear or self
sabotage. Now I am trying to condition myself to believe there is more
pain not following the game plan.

The market is not out to get me
The market moves in a fairly logical way
The market is not exact, it is an approximation
My skills will determine my success not luck
I am the master of my destiny
I take responsibility for my actions
There is no excuse for failure
A losing trade is a learning experience
Losses will happen on the way to the finish line
It is not about being right, it is about making money

As I told someone recently. I trade a simulator and can make 40 to 100
pips in the first half of the US session. I trade live and it is a struggle to
make 20 pips.

Controling the mind and being confident are key.

I believe I am closer to getting over the "hump".

If you take Tony's lessons to heart PRO you can do well.


Yes, your correct.
Thankyou Aliassmith for getting me to google search PP2.

Pleasure/joy are nice but
Fear/Pain are much stronger.

After listening to the first and 2nd audio I look back on my entire 40 yrs of life and see that I have been driven by fear throughout.

Why do I maintain a fairly strict paleo/zone diet?
Thoughts of disease cause pain which in turn creates the overpowering FEAR.

Why do I workout like a madman?
Thoughts of weakness create psychological pain which in turn creates overpower FEAR.

Why did I put up with years of crap from a couple of my ex-wives?
Thoughts of being alone created pain which in turn created overpower fear.

Why do I continued to work at a job for 14yrs that I do not even like?
Pain/fear

Why do I exit a profitable trade for Penney's on the dollar?
Pain/Fear

The journey has just begun.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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