and one more thing, if you trade, don't try to have too big an ego but be disciplined at all times. This probably my major fault (there are others too ). So always have a hard stop in, I sometimes don't and as a consequence always live to regret it when I don't. This can be very painfull, giving back a whole day of profits back in the blink of an eye or stretched out over several hours, praying the market will come back, is very excrutiating and stupid. Once in a while it seems I need to relive this experience to remind me to stay disciplined at all times. As yoohoo says, try to trade in a relax way.
Thanks CVDS for your thoughts.....thats exactly what my frame of mind is and I'm happy with my learning process as its going so far... I realize it will take a little while longer....maybe not alot for me, but some.... and as you would understand...everybody develops their personal style of trading....I would surmise we also develop a personal style of learning as well....and I'm finding mine as I go along. so I dont think you can say you know whether I'm 'going too fast,ahead of myself or not, or when I'll be ready etc... thats only something I can decide. (no offense ,just sharing a thought) but I do greatly appreciate the support we all have and give here to each other. I wish I had more to contribute . I dont think I'm going ahead of you, and I hope I'm not stepping on your toes by posting here. I like what youre doing as well as CF and I look forward to yoohoo's guidance, (and yours and everybodys as well)... but this was your first post to me ...and I felt it was a little off the mark in its evaluation.... IMO... have a great weekend and I 'll see you all monday.....
OOps , sorry CVDS , I pre empted your last post.... yes, I agree with what youre saying and have experienced all the same things as well..... thanks for your advise...its good . I'm right there. hard stops... patience .... you know how amazing it is all the things we need to learn. Ive been spending 10 hours a day....sometimes 16 hours in front of the computer.... and still barely making a dent. this week was an exceptional learning week for me. I look forward to all your posts here in the journal, and everybody's posts... I feel incredibly lucky that I stumbled on this journal when it first started. it couldnt have been a better stroke of luck. I know CVDS, youre at least a few big steps ahead of me in my progress.... so I would look to learn from you as well, and CF and anyone .... thanks again Tom
"Have you ever read/Heard about Murrey Math Levels?" I watched a webinar yesterday from Traders World mag on omNovia with Murrey. He's a hillbilly from Tenn. To me, it was the most intriguing presentation, to me, of the 4 day webinar. He paints himself indirectly in the likeness of a prophet of god. He said he's a genius gets no respect in his own town (like Jesus), and he's got the third eye, so he sees things that ordinary CORNBALLS (his term) don't see. He claims an IQ of 168. Obvious question: If it's such a surefire system and he's the master, why's he still traveling around hawking his $1000 software, with no free trial? He claims to have found the "Holy Grail," metaphorically speaking. My initial opinion is that he's questionable. Still, I believe in giving a person the benefit of the doubt. Traders World mag has a couple of sample mags (pdf) posted on the net with his articles.
Hi, Recently discovered this thread and have been reading through it for the past couple of days. Shame to see what was a good thread with live calls and discussion turn into hindsight trading and general backslapping between the participants. Why the change? I was really enjoying the early stages of the thread and running a comparison of some of CF's entries against my own to try and see if there was anything I might have been missing in my trading, and if there were any improvements I could make. Now all I seem to be reading about is how you guys are catching every single move all posted with the benefit of hindsight, which is pretty well useless for anyone looking to learn something.
You know, you are right! It's a shame that slapping happened, but this was a rare case thanks God. As for entries, not every single move, far, very far from it for me... The problem with posting 1min trades realtime is that I even not always managed to do so with 5min trades (they need attention like babies in the early stages of their life ).... And trying to post 1min in realtime means I'd have to choose either to post or to trade... But you made me think that it really must be looking like some kind of voodoo betwen followers of a cult now as just a few people understand what the talk is about... So I'll try to get back to the use of 5min entry calls because eyeballing 5min entries takes just a couple of seconds (have pretty much of experience with them) and I take a look at 5min often anyway.... After all this forum is a public place indeed and if I started a thread here I must try to make it useful for others as well... Thanks for constructive criticism!
ROFLMAO! And we here on ET blame Jack Hershey for being a too of a guru type... He's just a real saint compared to Murrey...
So I printed up a whole bunch of charts from Oanda but they all have dashes where the weekend is. This seems to give trends more of a horizontal aspect then they deserve. Is there a way to easily remove them. Like a setting in Oanda?
Option can be also to check for some free charting @ dailyfx (like this one for example http://www.dailyfx.com/charts/ChartStation.html) or download a free software like Metatrader...