Not really. I am just learning...a beginner...I just try to apply what I learn here to my own way of doing things. You see, for me, the point is NOT making money, but to become the best trader I can be...then profit will be there, righ?

Technical Analysis Fallacy

New thoughts — There so much to learn about myself and the market action. fti suggestion of hanging around a level for a while seem a very good idea. PA surprises me everyday with its changes. I think I should keep in this level for quite a ...

Lusan's trade Journal

Easy trading — Today I took a softer approach and still I found myself against the trend, but technique brought home the booty. Bias: long - 15 min in support but EMA(48) was saying go short. Any way. I went long driven by my belief on the ...

Lusan's trade Journal

We are dealing with psychology. I keep enough troops in my domain that I believe that I can bring more and more to save the day if I have to. Of course, my constrains are very well define: I trade the 5M for only 1 hour, I do not commit to trading ...

Technical Analysis Fallacy

Actually I agree a lot with Lucky57 and what Tharp said. I read Tharp's "trade your way to financial freedom" several months ago. He is deeply into trading psychology, position sizing and money managment. Mostly good, but stop loses is bad very bad! ...

Technical Analysis Fallacy

Welcome to the Naked club. You might want to read the whole thing because it does not agree with Mr. Tharp and other writers. fti has its own way of doing thing.

Technical Analysis Fallacy

Day of reckoning NOT — I thought today was the day of reckoning but I was disappointed. Due to my yesterday aggressive demo play, I went somewhat too fast today. I was out of sync with the market..Still technique save the day. I won the war ...

Lusan's trade Journal

fti, since I trade early every morning, it reminds me of my days of Zen meditation. This is a tough and demanding job for the mind, almost a spiritual practice. I guess I do Forex meditation! Hey...I bought a hard copy of "the art of war" and a read ...

Technical Analysis Fallacy

Is it possible — I returned from work. I read so many notes in the fti thread, so much to say. I prefer to practice. I gave myself the following task: Get 1 % in equity playing your best game without much concern to consequences, just play ...

Lusan's trade Journal

My answers:

Technical Analysis Fallacy

This is a sequence I am exploring but I very fluid. Attack? I means I put one scout out. If all is ok, I send another 2 out and if all keep going my way, then I send another 3 troops out. Simple: 1-2-3. It works for me but I am looking into 1-3-9. ...

Technical Analysis Fallacy

Sadly, my friend, the only book we care in this thread is the "Art of War."

Technical Analysis Fallacy

Not such a hot session. PA is not trending and seem to be reaching for a reversal. I picked PA up at mid stream. Got a few pips and went to bed. (1) scout out - short (2) 3 troops out - short -Note that PA is undecided. (3) 3 troops out on ...

Lusan's trade Journal

Nop. It means that I use only 50 % of my equity for trade. I do not consider the rest as part of available trading money. It is a buffer for catastrophe day. It is a huge well to avoid any margin call. This is necessary, as I understand, to apply ...

Lusan's trade Journal

A number means for me, maybe, 1 or 2 % Equity loss. I probably will never tolerate more than that. So far I have about 40 bouts with the enemy and won all but once when the computer and my anger got the best of me. I have not decide on the best way ...

Technical Analysis Fallacy

Fti, thanks for your advise and guidance. I suspect that traditional traders might not understand, but who care when our balance book keep increasing. I am glad you came to my journal and took a look. I am taking this very slowly. My current plan is ...

Technical Analysis Fallacy

Sure. Although notice that I made my pips in less than ONE hr. I cannot dance much longer because I have another job, and I want to minimize my exposure in the market. I mean, the least time I am, in the better. When I originally got into Forex my ...

Lusan's trade Journal

Easy campaign — confused start because of unclear trend. Should I really care about an hour trend when the 5M is so fast? That is a big question. I should be willing to enter either way and fight it out. This is good example. (1) Scout out - ...

Lusan's trade Journal

You are totally correct. I am investing ONLY on gold and oil at this time! The big question is how high will gold will go up as long as we do not have an economical depression!....we already know that oil will keep going...this was the mess that ...

Technical Analysis Fallacy

A very short session today. I increase bet: 1000u/troop because I met my first training target. Close the day with 20 pips gain. Bias: Undefined 15M and failed top and breaking out in 5M - short (1) 1 scout out - (2) 3 troops out - on confirmed ...

Lusan's trade Journal