Er...., thanks for the massive vote of confidence! When I was learning this technique, there were a few fairly big drawdowns, but as you get to know it, there aren't. I put it down to me not having my head in the right place when I have ...

How far is your Stop loss

The thing is, if you are checking your charts correctly, using the framework, it doesn't let you down, so, once you have got the hang of it, there are no more freak outs like that!

How far is your Stop loss

The perennial question! Personally, I tend not to use them - but that isn't advice. The reason is the same as for trailing stops which aparsai was just talking about. The currencies move in a fluid way according to the fractal patterns that you can ...

How far is your Stop loss

Personally I don't use them for the following reason. According to the Absolute Fibonacci Framework, the spaces between 'sticky' lines vary. The currencies retrace to these lines, pause on them as they move, and turn on them when there is a ...

Trailing Stop

I can really relate to what everyone is saying here. Thanks for sharing. One of the hardest things that I have found with trading, is to look at the losses in a positive way. Yes, I know, it sounds a little implausible! But actually, when you are ...

Three Losses in a Row

Perhaps not surprisingly, I use the Absolute Fibonacci Framework. When you use all the charts together in the setup, you get a complete picture of the movement, and you can identify strong and weak barriers using a one-time setup. This chart shows a ...

Support / Resistance

Yes, it's a bit difficult to know when to sleep, and I don't think speed is the answer . I don't think traders a greedy on the most part. We just want to do it well, and have the satisfaction of that. A big part of my negative subconscious ...

Trader Psychology - Understanding Yourself

Hey Thom, why worry about that!? Sounds like you are doing really well. If you can do that consistently, and maybe just keep adding lots, you'll get what you want out of trading, won't you? Simple is better, I think, and less stressful.

Trader Psychology - Understanding Yourself

Yes, it's a nice name! Problem for most of us is having the practical means to get there. That's what we (Olga and I) have been focusing on. And what we do has been compared to Douglas on many occasions. There are many ways to skin a cat....

Trader Psychology - Understanding Yourself

I couldn't agree more, and I really admire your clarity, but I would change the last sentence a bit, if I may. We are dealing with a fluid situation here, and even the best model can slip up now and then. And anyway, a model comes out of our brain, ...

Trader Psychology - Understanding Yourself

So how does it really work.....? — Well, I reckon the Fibonacci is a much misunderstood idea - but one of the best (and oldest) ideas around. It just depends on how you use it. Here's a sample of the Absolute Fibonacci Framework that I ...

Fibonacci ret.

Absolutely agree. And it's only when you truly know that you are already worth millions, which you are, that your bank balance and the rest of the world can acknowledge the fact and come into line with your internal knowing. Trouble is with so many ...

Millionaires

Well, I thought it was the human brain until my trading computer went down this evening. Soddit.

Human brain or computer??

As I said, it's a bit difficult to show the whole explanation here, as more than one chart was involved. Whether it moved because of the news or not doesn't really concern me, as long as I know where it's going. I don't like to deal in conjecture ...

How news affects trend trading

There are things on my Absolute Fibonacci Framework that indicated that the GBP would spike as it did, and that over the next few days it may continue up. Without going into an impossible amount of detail for a thread like this, it is fitting ...

How news affects trend trading

OK. Thanks. Frankly, I only concentrate on working one system. I think if I tried loads of them that are out there, I'd never trade. And I don't know if it's a worthwhile pursuit getting that confused! I guess it also depends on what you mean by a ...

Systems in theory

Duh.... What if the losses are massive and the wins are tiny? Where is this post meant to lead? Am I missing something here?

Systems in theory

Sounds to me as if you are getting the hang of it nicely, and your other posts suggest that you really understand the psychological approach you need to take for you. If I were to 'advise' (and I think we would all do well to think of ourselves as ...

Need Advice Please...

Do it your way — Trading is a crash course in personal development. I can think of nothing that more immediately and graphically shows you where you are in your head. If you choose to defer responsibility for your actions by copying (or trying ...

Isn't it better to just copy someone else's system?

If you are guessing, it's not a good idea to act. If someone tells you, you still can't be certain. How do you know that they know? How can they know? Fundamentals can be slippery, but it's better to really be sure in yourself by finding out how ...

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