TheOracle's Posts - Page 4

SirGoodman posted: Good MorningI want to correct the impression that you have from my recent post.You need to have a trade plan for every trade. A trade plan also includes not trading just to trade. That you appear to have.I am not afraid to take a loss and I have no fears when I trade. I do not need to take additional risk so I take profits when I see them. I win easily over 80% of all my trades. When it comes to EGO I still am working on that one.</quote>I do have a plan. Am I perfect on the execution of my plan? NO! I think you are taking my mistakes ( which I'm working...

A Honest journal in Experienced Traders Aug 06, 2011 at 15:38

Thanks for posting Trader757.I started this thread with basically two goals. First to record my progress, second to possibly be a credible example that you can make it on forex.And if you think that finding somebody that actually did it on forex, posting on forums to be easy, I would advise you to not be so sure about itIn four years and a half reading forums I was never able to find a real example of a successful forex trader. Of course you can find people "saying" that they are successful all over, but again, so far I could not find a credible one.Take a look at FF, babypips etc. Y...

A Honest journal in Experienced Traders Aug 05, 2011 at 17:34

Ok, I'm calling it a week. As always I'm gonna go over the weekend through all I learned and try to make the best of all.As always i'm leaving my profits and losses ( profits this week) behind me. It does not matter anymore what I did, what matters is what I'm gonna do. Monday I start fresh from zero.As always monday I'm gonna face the market without a bias. I don't know where the market will go and I don't care 😁! I'm gonna trade the day based in what my charts tell me.Have a great weekend folks!

A Honest journal in Experienced Traders Aug 05, 2011 at 16:36

I have a diesel car. Currently at the pump, diesel is at 4.08 after being 4.13 for the whole week. When Obama busted stops releasing reserves it went to 3.98 but climbed back to 4.03 pretty quick. I live in FloridaMy wife jokes about me using the pomp price to analyse the market 😁!

A Honest journal in Experienced Traders Aug 05, 2011 at 16:29

Same thing here Chikot, no trades.I had a signal from my system 14 minutes after non farm, but I usually don't trade that close after news. The double top at 4230 was also tradeable but why risk capital on so so trades when I'm already over my weekly goal?

A Honest journal in Experienced Traders Aug 05, 2011 at 13:23

I'm not ignoring your posts Bruce. the problem is that you are talking bananas and my business is about apples.I'm not a fundamental trader and I do watch correlations but just for curiosity, not because I need it.My charts tell me pretty much everything I need. You have to stick with what is working.My system is giving me a consistent pip average for the last 6 or 8 months. that never happen with me before.Using today as a example. People are gambling on the NFP and I'm watching a documentary on netflix.Why? because I can 😁! I don't need to trade this thing. I'm a...

A Honest journal in Experienced Traders Aug 04, 2011 at 20:40

I did not trade today but analyzing the session I could definitely see myself going long at 1.4210. the Third attempt was a given, virtually no draw down and good for 40 something pips. Another option would be the second failed attempt @ 4260. i doubt I would take this short trade because coming from a winning long i would trade a third attempt not the second one. But the signal was there.Apart from those two i don't see anything else that would suit my stile.