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- echo1 replied Apr 15, 2019
100% Agree. I guess to clarify; I have expectations of myself to follow my trading plan, money management etc. But once I am in a trade, I don't care what happens. Like you I have SL/TP all planned out/set. Cheers!
- echo1 replied Apr 15, 2019
I really mean no expectations at all . I do my best analysis, execute per plan and that's it. If a trader has any expectations at all then the trader will feel pain when they are not met. Your focus will narrow on whats causing the pain and you ...
- echo1 replied Apr 15, 2019
Mental work was a game changer for me. Don't have any expectation for the market and especially your trade outcome. Stop hunts, manipulation etc are not in my trading vocabulary either. Market is just information and its not negative or positive, we ...
- echo1 replied Apr 15, 2019
What time frame do you trade oil on?
- echo1 replied Nov 12, 2018
The price moves above/bellow the 40 before the 40 crosses the 200. Or you want to buy every time the price dips bellow 40 and goes back up, while overall being above 200?
- echo1 replied Nov 11, 2018
Sounds like you are on a great journey, and a cool cat , great chat!
- echo1 replied Nov 10, 2018
Hey Cat, I completely agree on almost everything. Regarding people thinking its quick and easy money you are spot on. Regarding time for someone to be successful: some people put in 5h of learning weekdays after work and all weekends, for these ...
- echo1 replied Nov 10, 2018
[quote=cat;11679871] - I am not advertising anything at all I am saying one should have a clear goal of what they want. If you want to trade to get out of 9-5, but then spend 6am to - 10pm looking at the screen, then your goal is not met even if ...
- echo1 replied Nov 9, 2018
[quote=Squiggles;11679173] If I dont see a setup, I put a bunch of alerts on the pairs that are close to being ripe. Then go about my day (outdoor activities, travel, read, gym, etc). When I get an alert I open up the laptop and execute, or not ...
- echo1 replied Nov 3, 2018
I have never used this system however, people will do anything just so they DON'T learn how market behaves and instead fully rely on a cross of some MAs or signal to make money..... With all systems you need an understanding of the market, if it was ...
- echo1 replied Oct 12, 2018
endless search for the golden goose that doesn't exist lol! "here I have something here that doesn't work, someone please make it work so I can make money"
- echo1 replied Sep 21, 2018
If you think you can you can, if you think you can't, you can't.... by looking for information to further validate why you can't, you wont succeed. Like any tech or innovation, if people keep paying attention to why this and that is impossible, ...
- echo1 replied Aug 20, 2018
The main reason it take time (but doesn't have to at all) its because people are looking for the 100% strategy/golden goose EA.... there are many simple strategies that have an edge, that over time need minor tweaking. (market conditions) The issue ...
- echo1 replied Aug 19, 2018
Hey Loozers, I agree with patience, but I think there is an even deeper level. Confidence in yourself and the system. The reason people can't hold trades or go a few pips negative is because they don't believe in themselves and/or their system. All ...
- echo1 replied Aug 19, 2018
disagree 100% with your trading timeline. The technical side of trading can be learned rather quick (few months if one is dedicated). Psychology/Mindset is what separates the winners from losers. Your mind can be flipped in a moment, you just have ...
- echo1 replied Jul 12, 2018
Not-KPMG - Im calling him out on what his claims are, just that simple. Just #2, the rest is great. Direction is great. Just dont flip flop from remove your SL to, 2000SL to,I close it when I see fit. Or just say it right from the start: Dont have a ...
- echo1 replied Jul 12, 2018
You are right about "the discipline to exit losing trades at will at anytime". I think whats false is claiming no SL at all, when using one. Its ok to use one, where its fixed or mental. The problem is that this becomes another thread of no real ...
- echo1 replied Jul 12, 2018
So you close trades before 2000SL, that means you have a smaller mental SL. Having any SL is the opposite of your #2 point. Now to keep losers running to 2000SL while taking 20-100 pip wins is probably the worst strategy I have ever heard of. If you ...
- echo1 replied Jul 12, 2018
Exactly what I thought lol. Why have 2000SL if its not likely to be hit in quite a while (days,weeks,months)? No, what you are implying is trading without a SL. Thats pretty much what a 2000SL is. Like you just said "there is always option to kill ...
- echo1 replied Jul 12, 2018
So you never had a loosing trade? How frequent are the losses? You know if you are waiting for 2000SL to hit the fees will kill you over time for holding it so long right?