Learn to learn from your mistakes. That's one way to gain wisdom. FX4

It's A Heart-Mind Game... Are You Ready?

To all traders wanting to be profitable: If you have placed a trade and then see that you are on the wrong side of the track DON'T BE A SITTING DUCK...turn your mind around; TALK ALOUD IF YOU HAVE TO but wake up!!! Profit from what you do see! Being ...

Are you a consistently profitable trader?

If you have placed a trade and then see that you are on the wrong side of the track DON'T BE A SITTING DUCK...turn your mind around; TALK ALOUD IF YOU HAVE TO but wake up!!! Profit from what you do see! Being "wrong" may not be have been good for ...

It's A Heart-Mind Game... Are You Ready?

Shorted EU this morning...what a molasses trade. Made some pips, but geez...the time. Details on the blog. FX4

Pitchfork Goldmine!

Thanks. Keep up the good work. FX4

GLJ

Fixed Fractional Trading — Hello again, Here is something to get us going again... The Fixed Fractional Method has its basis in one trade; that being the one that resulted in the largest potential loss for the system being traded. That ...

What Is "Proper" Risk/Money/Trade Management?

Good that you enter your positions there, but if you are unhappy with your percentage of stopped-out trades, where you are placing them (your stops) might be something for you to take a look at. FX4

Are you a consistently profitable trader?

If you're scalping then you really want the smallest spread possible to help you get to profit in the shortest time possible. But, if you have a good entry and you're in the right direction, the spread becomes irrelevant. Forex is very technically ...

Are you a consistently profitable trader?

But, if you are using cash stops...meaning, "I will risk 10 pips or 15 pips on this trade) without paying attention to where those 10 or 15 pips will land price-wise on the chart in relation to S.R levels etc. you're asking to have your stop hit. ...

Are you a consistently profitable trader?

So are you scalping? Swing trading? It seems as though you are using cash stops. Is that right? FX4

Are you a consistently profitable trader?

G.p. Here are some replies to those questions: Do you understand market structure as shown on the chart? Are you really listening to the market via price action? Price Action/Market Structure. Is price making higher highs/higher lows etc. Is price ...

Are you a consistently profitable trader?

When I review losing trades...not waiting for the setup to develop. Yes and yes!!! When the trade is fully-matured, if your edge is sharp enough, you will see what you need to see. The other issue is knowing when...is this it this time? Successful ...

Patience in Forex - KEY THING

Quidsey, I had to laugh when I read about all of your good luck charms on your desk. It was just too funny...Wasn't laughing at you...was picturing your desk. Anyway, this might help you: L - Labour U - Under C - Correct K - Knowledge And yes, ...

Patience in Forex - KEY THING

Wrap-ups are now posted. Enjoy! FX4

Pitchfork Goldmine!

Sometimes when in a trade and things are beginning to look "iffy"...in trying to decide what to do at that given moment, I usually ask myself this question, "Based on what I am seeing, what is the market most likely to do at this point (based on ...

Are you a consistently profitable trader?

Arjfca, Per you comment... This week, seems to have been a turning point. I was able to better controlled my emotions. It was not perfect as I had a day where I kept trading when I should not have. But overall, a good week where I gain a better ...

It's A Heart-Mind Game... Are You Ready?

If a trader is not yet consistently profitable, it may not be that they don't know what to do. It could be that they are not doing what they already know to do. How many times have you heard yourself say, "Now w-h-y did I just do that?" Answer: ...

It's A Heart-Mind Game... Are You Ready?

If a trader is not yet consistently profitable, it may not be that they don't know what to do. It could be that they are not doing what they already know to do. How many times have you heard yourself say, "Now w-h-y did I just do that?". FX4

Are you a consistently profitable trader?

Update...will have to get to this on the weekend. FX4

What Is "Proper" Risk/Money/Trade Management?

Will try to pick this up later this evening/tonight. FX4

What Is "Proper" Risk/Money/Trade Management?