Cheers to that! With discipline and perseverance, we'll make it in this business! And get out of the mud .... see the video =P url

Trading psychology - GREED - A trader's malady

Cheers pipmutt, and thanks. Phanti: I started out with trading 1h timeframes, but now am slowly trying out 4h, daily, and even a tiny bit of scalping and news trading. But I'm most comfortable with 1h since its a good balance between time required ...

Trading psychology - GREED - A trader's malady

Thanks. This thread, and the concept of supply and demand helped me a lot with my scalping (and it will help with intraday and long term trading too).

Price is everything

Hi willkoh: My target 0.7757. It just busted thru.

Price is everything

Hi willkohsg: Yes, Aussie also at 4h supply. IMO Kiwi and Aussie are often correlated, to take both would increase the risk.

Price is everything

kiwi opportunity — Hi all NZD USD is at 4h supply now. A decent probability short trade for a few pips.

Price is everything

Cheers phanti. When I first transited to live account, I was glued to the screen for hours. It made me 1) nervous when the market moved fast 2) bored when the market moved slow and 3) ate up all my time and interfered with my life outside of forex ...

Trading psychology - GREED - A trader's malady

On shutting down the computer after entering a trade. With a set stop loss and take profit (plus money management of strict small percentage risk e.g. 1%), I don't see what is wrong with shutting down the computer after taking the trade. It builds ...

Trading psychology - GREED - A trader's malady

Thanks nate-dogg.

Trading psychology - GREED - A trader's malady

Hehe that's something interesting..... verbalising my trading plan before going in. So far I done these to improve trading psychology - keep a journal. Why I took the signal, how it turned out, what to do do avoid same mistakes. - kept a list of the ...

Trading psychology - GREED - A trader's malady

Having learnt lessons from the twin demons greed and fear, I now stick rigidly to 1% risk for every trade. My biggest demon is inconsistent position sizing. I have a system that tells me when to enter a trade (based on supply demand and indicators), ...

Trading psychology - GREED - A trader's malady

Hey phanti ... interesting thread. Just my thoughts for sharing..... I'm still working on my trading psychology Greed .... is when I am winning and want to win more. This usually leads to incorrect actions such as overly large position sizing, ...

Trading psychology - GREED - A trader's malady

Hey redsword (glad to see u back!) and all the traders here! I've been on a short break to Spain (Bilbao) in the day.... and quietly reading at night

Price is everything

Hi Jenkins I used the candle wicks from Nov 2010, preferring to use recent candles (hence Nov) to define supply zones. Daily charts, daily candles

Price is everything

long term trade ideas — EUR USD daily: Looking back on last week, it penetrated supply (invalidating my shorts sighz), yet subsequently fell hard. Friday's candle closed above support. Mixed signals, perhaps not ideal to trade long term this ...

Price is everything

very true. sharp scimitar he has

Price is everything

Looking forward to your return, redsword.

Price is everything

Thanks! Happy weekend and good trading to all.

Price is everything

Daily and 4h fibre, cable and kiwi trades — Hi redsword Care to comment on these long term trade ideas? They are closely correlated, I'll probably take the fibre trade first and adopt a wait and see approach for the others.

Price is everything

Hi redsword I've been silently viewing this thread for a while, its been very helpful. Can I join?

Price is everything