Archive for: January 2008

Forex is all about how to hit the next ball correctly rather than worrying about something of a distant future. The next ball may be for 2 pips or 20 pips or 200 pips or 500 pips depending on a trader?s style.

Anything is possible in Forex.

I am useless as a daytrader. Corrections may take days or longer to complete.

Good quality info is everything in this game.

Bottom picking in the Usd/Jpy is the Mother of all risky trades.

We learn how to trade till we stop trading and we learn from each other everyday. That is the beauty of trading and life in general.

Do not worry about what market will do. Just worry about what you will do when market reaches your “pain point” or “happy point”. You will have an easier life as a trader that way.

Forex players can operate quietly, but they cannot hide their moves in those charts.

Good morning. Yes, no liquidity and no conviction by players make the market look like a vagrant loitering in his usual area. Good forecasts and trades.

Good sleep is essential for good trading but most of the traders I know of seem to sleep with one eye open.

I had a problem - closing my winners too soon. The problem here is that you are trading the “price” and not “order flow”. I actually had the same problem, and after some mentorship, i learned that i was trading the “price”and not the “order flow”. You are exiting positions simply because of a price/target is getting printed, and not because the order flow is changing.

Try to focus on the order flow (example: if its a bull market, try to find signals that tell you that the order flow is starting to go bid, then exit, dont just exit because its hitting a certain price number).