The ideas that I trade by:

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PebbleTrader
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Postby PebbleTrader » Fri Feb 01, 2013 1:54 pm

nimo,

I think if YOU can do exactly what you just said for 1 year, you will find success.

But can you? or will you deviate from the plan???
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Postby PebbleTrader » Fri Feb 01, 2013 2:01 pm

"I am throwing away daily goals/weekly goals, my only responsibility is to manage space/lots. "

PT and TRO on Goals

I can elaborate more on why goals like daily "pip goals" aren't a good idea...
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Postby PebbleTrader » Fri Feb 01, 2013 3:20 pm

The majority of your focus should always be on your longest TF you are trading, otherwise you will get sucked into trying to trade "opportunity" that you see on the smaller TF's.

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Postby PebbleTrader » Fri Feb 01, 2013 3:24 pm

^----That is tough to read, it's the longest TF I will trade, the W1, and it's 12 pairs per screen
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Postby trueblueTEX » Fri Feb 01, 2013 3:51 pm

MightyOne wrote:
dojirock wrote:MO,

I admire your patience and persistence........

doji
:D


Why do people go out of their way to be trading educators (this really sux!)?

Fortunately I still have a few beers left =)


I'm just proud to have a part in MO being so highly praised! :lol:

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Postby trueblueTEX » Fri Feb 01, 2013 4:02 pm

PebbleTrader wrote:^----That is tough to read, it's the longest TF I will trade, the W1, and it's 12 pairs per screen


So it can be many weeks or months before you find proper trade to get into, correct?

btw: I agree that a pip per day goal would be disastrous for me. The only goal I am working on now is to gather knowledge in a coherent manner. There is a LOT of knowledge out there and I have picked up lots of it.

BUT, it's the "coherent" part that I think is sorely lacking. (right now all that knowledge is just a jumble) I want to understand one method/plan/toolbox of ideas, whatever it should be called, well enough to grow a real account over the next 5 years.

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Postby PebbleTrader » Fri Feb 01, 2013 4:08 pm

"I'm just proud to have a part in MO being so highly praised!"

MO is the man and way more patient than I am, ... , my style is more explain something once and maybe twice if I'm being really nice or patient :)
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Postby PebbleTrader » Fri Feb 01, 2013 4:09 pm

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Postby PebbleTrader » Fri Feb 01, 2013 4:10 pm

You could look at the entire FX market, 24+ different pairs or you could just look at one index chart to see how the currency is in COMPARISON to the rest.

You would build up your position with the ranging currencies and than cut it off and move it to the most undervalued or over valued currencies when the time is right. (just because it is the most under/over valued right now, doesn't mean that it won't get even more under/over valued)
Last edited by PebbleTrader on Fri Feb 01, 2013 4:16 pm, edited 1 time in total.
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Postby PebbleTrader » Fri Feb 01, 2013 4:14 pm

"So it can be many weeks or months before you find proper trade to get into, correct? "

Yes, and that's when you travel and explore our amazing planet :)
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