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???
The ideas that I trade by:
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- PebbleTrader
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"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...
PT and TRO on Goals
I can elaborate more on why goals like daily "pip goals" aren't a good idea...
Life is just a journey
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- trueblueTEX
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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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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)
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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