WEEK 4 TRADE REVIEWS. GBPCAD TRADE 354 pips.

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WEEK 4 TRADE REVIEWS. GBPAUD TRADE 479 pips.

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WEEK 4 TRADE REVIEWS GBPJPY TRADE. -152 pips and -78 pips.

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Trading Plan for Week 4 Mon. 20th Jan - Fri. 24th Jan 2014. 1. Entries to be made only after Asia session on Tues. 21st Jan commences. 2. No trades to be taken after Asia session on Fri. 24th Jan closes. 3. Play GBP strength against JPY weakness. 4. ...

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Currency Strength/Weakness profiling for Week 4, Mon. 20th Jan. - to - Fri. 24th Jan. 2014. 1. -GBP 2. -EUR 3. -USD 4. -NZD 5. -CHF 6. -CAD 7. -AUD 8. -JPY (1 = strongest; 8 = weakest).

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Very strong case made here for leaving stops alone at the initial risk tolerance without moving to breakeven. Setup still valid, but Market makers took out stops in liquidity drive for the week. Lesson learnt. Will look for re-entries around weekly ...

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SUMMARY FOR WEEK 3 TRADING. TWO TRADES EXECUTED. GBPJPY - SO FAR +70pips. STOP @ BREAKEVEN +10Ppips. CHFJPY - Trade closed for -48pips.

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EURJPY and EURAUD

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GBPJPY, GBPAUD, AUDCHF, CHFJPY all presently in NFP inspired correction volatilty phase. Will look for entries into the trend on signs of exhaustion, preferably around weekly and monthly lows.

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Trading Plan for Week 3 Mon. 13th Jan - Fri. 17th Jan 2014. 1. Entries to be made only after Asia session on Tues. 14th Jan commences. 2. No trades to be taken after Asia session on Fri. 17th Jan closes. 3. Play GBP strength against JPY weakness. 4. ...

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Currency Strength/Weakness profiling for Week 3, Mon. 13th Jan. - to - Fri. 17th Jan. 2014. 1. -GBP 2. -EUR 3. -CHF 4. -NZD 5. -USD 6. -CAD 7. -AUD 8. -JPY (1 = strongest; 8 = weakest).

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ALL TRADES CLOSED ON SCHEDULE ACCORDING TO PLAN. RESULTS FOR THIS WEEK GBPJPY +162pips. GBPAUD + 156pips. AUDCHF -33pips, -47pips, -23pips, -23pips. CHFJPY -47pips, +44pips. TOTAL 189pips.

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This weeks trades now initiated according to plan.

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Trying to "prove" your success to others is a waste of time, it won't gain you anything except maybe an ego boost, which, if you truly are that successful, you don't really need. People will always have self-imposed limitations. Besides, this is a ...

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Reading list 1) Van K. Tharp - Trade Your Way to Financial Freedom 2) Ryan Jones - The Trading Game 3) Larry Williams - Long Term Secrets to Short Term Trading 4) Phantom's Gift

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Entries and exits do not make a system. If you have an entry method, and an exit method, you DON'T have a system!! This is probably the BIGGEST problem most have. A system has entries, exits, position sizing, money management, trade management, risk ...

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CONCLUSION So,(One of) the secret to trading is basically this: 1) Make sure you have a statistical advantage. 2) Make sure you do the exact same thing every time(rules permitting), so you will, in the long run, match the statistics 3) Play as often ...

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PRACTICALITY We are not in a stupid 'prettiest charts' contest. Never lose sight of the goal. Are your naked charts making you any money? Only use what is essential to help you MAKE MONEY.

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THE PARADOX Everyday the turkey is not killed is a reaffirmation that it will not be killed; consequently, the confidence level of a turkey with respect to the trend of not being killed is highest the day before Thanksgiving. If I enter too ...

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...and another one... There is a story about an Emperor of China who was so excited about the game of chess that he offered the inventor of the game one wish. The inventor replied that he wanted one grain of rice on the first square of the chess ...

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