We do just small amount. Next Update just in algforex.com.
EUR/USD Buy near 1.3123.
GBP/USD Buy near 1.6147.
USD/CAD Sell near 0.9873.
USD/CHF Sell near 0.9207.
GBP/USD Buy near 1.6147.
USD/CAD Sell near 0.9873.
USD/CHF Sell near 0.9207.
YOU ARE WINNING AND THEY ARE STILL MESSING WITH YOUR HEAD!
Trading is a psychological warfare that even when you are winning, they are still messing with your head (manipulating your mind). There are times like doji days when the market is so frustrating that you feel like your head is going to explode. When you crawl away, your emotions are so frayed and you are so battle scarred that you don't know what to do with all of that bottled up frustration and anger.
No matter how much you try to find the edge, it keeps alluding you. You keep digging a deeper and deeper hole, losing more money, and the pressure builds until your mind is tied in a knot so tightly that you lash out whether verbally or physically. After this kind of a day of brain-bashing, confidence-shaking, emotional upheaval cause by a choppy market; you are in a kind of market shell shock or psychological trauma.
I don't know all of the answers, but I have a few suggestions when you feel out-of-control. First push your chair away from your screen and distract yourself with something more relaxing, stress relieving and fun. Sometimes, you will have to take a day or two off just regaining your focus and rebuilding your confidence.
After you have created the distraction by dancing, working-out, meditating, visiting a friend, going to the movies, etc., come back to good solid forex education like this and reinforce what you know to be true. Go study those tricky charts, watch videos, talk to other traders,-------DO WHATEVER IT TAKES TO HELP YOU REGAIN YOUR EDGE!
After they have given you a good spin in the blender, the market will usually trend again HARD, but so many traders are still in such a state of shock, panic and anger from the day/week of spinning that they miss the really good trend.
The most important thing you can do during and after these times is to trade a good plan with consistent discipline even on losing days. Bad trading days tempt you to abandon good, solid trading habits, but DON'T DO IT ! If you abandon a good plan, when the market comes back - you won't trade it out of fear that the market is going to turn on you again.
The psychological effects of trading can be much more devastating than any amount of money that you lose, it is a sort of mental scarring that can take place after a really hard trading bout, therefore you must trade a good plan consistently. Cut bad trades quickly and ALLOW YOUR WINNERS TO RUN!!! It maybe hard, but doing these things will give you the edge and KEEP YOU IN CONTROL during the hard times.
YOU CAN DO THIS (^_^)!
Today I'm giving you just levels for very small Entries. And it's not good time to trade for new people. In 3 days coming very good Entries, so do not be in hurry.
EUR/USD Buy near 1.2763.
GBP/USD Buy near 1.5893.AUD/USD Sell near 1.0423.NZD/USD Buy near 0.8147.USD/CAD Sell near 0.9981.USD/CHF Sell near 0.9431.
EUR/USD Buy near 1.2763.
GBP/USD Buy near 1.5893.AUD/USD Sell near 1.0423.NZD/USD Buy near 0.8147.USD/CAD Sell near 0.9981.USD/CHF Sell near 0.9431.
Yesterday's Update. Today's Update in algforex.com.
EUR/USD Buy near 1.2673.GBP/USD Buy near 1.5853.AUD/USD Buy near 1.0393.USD/CAD Buy near 0.9973.USD/CHF Sell near 0.9511.
Today we do not have good correlation, so I'll do Entry very small amount.
EUR/USD Buy near 1.3017AUD/USD Sell near 1.0353
NZD/USD Sell near 0.8213USD/CAD Buy near 0.9877
USD/CHF Buy near 0.9245
Next Update just in algforex.com.
NZD/USD Sell near 0.8213USD/CAD Buy near 0.9877
USD/CHF Buy near 0.9245
Next Update just in algforex.com.
Today just hold all our Entries.
Yesterday we had some idea to add AUD/USD Long near 1.0237.For now this level is too late.1.0277 today has support, but I would skip today's adding. May we'll see today some chopping and possible investors will be tired to hold, tomorrow when price we'll go little lower we'll Buy.
.... but today we'll Buy just AUD/USD.
Our Call was:EUR/USD Sell near 1.2967GBP/USD Sell near 1.6067AUD/USD Buy near 1.0177
NZD/USD Buy near 0.8183USD/CAD Sell near 0.9773USD/CHF Buy near 0.9317
NZD/USD Buy near 0.8183USD/CAD Sell near 0.9773USD/CHF Buy near 0.9317
It's not good time to make big Entry... Still no correlation.
EUR/USD Sell near 1.3045
AUD/USD Buy near 1.0447
NZD/USD Buy near 0.8277
USD/CAD Sell near 0.9773
USD/CHF Buy near 0.9273
AUD/USD Buy near 1.0447
NZD/USD Buy near 0.8277
USD/CAD Sell near 0.9773
USD/CHF Buy near 0.9273
Today we'll buy AUD/USD, NZD/USD and we'll Sell USD/CHF.This trend we do every day this week.Our Target total it's about thousand pips.
Entry levels later we'll show and here.
If you do not have our Entry Level, just Buy at market EUR, GBP, AUD, NZD and Sell USD/CHF, USD/CAD and you'll feel magic of FOREX and Big Money.
Entry levels later we'll show and here.
If you do not have our Entry Level, just Buy at market EUR, GBP, AUD, NZD and Sell USD/CHF, USD/CAD and you'll feel magic of FOREX and Big Money.
In algforex.com we'll...
AUD/USD Buy.NZD/USD Buy.
USD/CHF Sell.
Later we'll show Entry Levels and here.
USD/CHF Sell.
Later we'll show Entry Levels and here.
Just adding to open positions... and our Target total would be 300 pips more.
AUD/USD Buy.NZD/USD Buy.
USD/CHF Sell.
Later we'll show Entry Levels and here.
USD/CHF Sell.
Later we'll show Entry Levels and here.
Hold all USD/CHF Entries Short about 200 pips. Next Update in 5h.
NZD/USD and AUD/USD we have about 200 pips total.
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 17 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 17 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In
09/10 Intraday Update. Next Update just in algforex.com.
EUR/USD Buy near 1.2701GBP/USD Buy near 1.5943AUD/USD Buy near 1.0333NZD/USD Buy near 0.8079USD/CAD Sell near 0.9787USD/CHF Sell near 0.9497
Little later I'm looking to add USD/CHF Short.
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 17 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 17 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In
Our Update was:
EUR/USD Buy near 1.2521,
GBP/USD Buy near 1.5847,
AUD/USD Sell near 1.0223,
NZD/USD Sell near 0.7971,
USD/CAD Buy near 0.9867,
USD/CHF Sell near 0.9591.
GBP/USD Buy near 1.5847,
AUD/USD Sell near 1.0223,
NZD/USD Sell near 0.7971,
USD/CAD Buy near 0.9867,
USD/CHF Sell near 0.9591.
Today we have same trend like yesterday but USD/CAD we're Buying.
EUR/USD Buy,
GBP/USD Buy,
AUD/USD Sell ,
NZD/USD Sell,
USD/CAD Buy,
USD/CHF Sell.Later Entry Levels we'll show and here.
GBP/USD Buy,
AUD/USD Sell ,
NZD/USD Sell,
USD/CAD Buy,
USD/CHF Sell.Later Entry Levels we'll show and here.
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 17 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In this case I do make special note. It works just
We got EUR/USD and USD/CHF Entry. Our Update was:
EUR/USD Buy near 1.2556GBP/USD Buy near 1.5847AUD/USD Sell near 1.0283NZD/USD Sell near 0.7997USD/CAD Sell near 0.9887USD/CHF Sell near 0.9563
Later we'll show and here.
Today in algforex.com we'll doEntry: EUR/USD Buy, GBP/USD Buy,AUD/USD Sell , NZD/USD Sell, USD/CAD Sell,USD/CHF Sell.
08/06 Intraday Update. Next Update in algforex.com.
EUR/USD Buy near 1.2321AUD/USD Buy near 1.0527NZD/USD Buy near 0.8157USD/CAD Sell near 1.0023USD/CHF Sell near 0.9743
MONEY IN YOUR POCKET IS BETTER
Money in your pocket is better than money in Your mind. Many times we will not protect our capital because of the big money dreams in our minds, while losing real money out of our pockets to a trade that is moving further against us. The market can be frustrating and tricky and most market set-ups are fake-outs, therefore it is vital to protect the capital You have for the few times the market will give You legitimate profitable set-ups. The challenge with the set-ups is that so many of them look legitimate, that is why they are fake outs. If You spend 24 hours trading from a shorter term time frame, most of your entries will be bust, so it is imperative that You choose Your trade set-ups and times carefully.
There are times that are more likely to give You a trading advantage, like economic reports, the times in the market that your currency pair is most active; times of breakouts after consolidations, breakouts after consolidation in harmony with Your trend, reversal candles at resistance/support, etc. Even with the best preparation, it is possible to enter a bad trade set-up; that is why You must be prepared to cut a bad trade when Your rules are violated and wait for another set-up.
There are times that the market will act up so badly that most people will abandon a perfectly profitable system. Since trading isn't hard, it must be tricky in order for You to lose money. More people lose money in the market because of emotions gone awry than they do bad trading systems. It is hard to sit and wait for a trade and get stopped out or be stopped out at breakeven, or to wait for a market that is choppy. The market is going to move and find a direction, but what You don't know is when???????
Trading is not for the faint-hearted nor for the perfectionist. If You are going to succeed as a trader, You must be tenacious and You must know that there is no perfect system. There are just too many external factors involving too many human beings to make a perfect system. The system is perfectly random, and looking for perfection or stability will tire You out fast. Wearing Your emotions thin is the best strategy the forex market has and it works. Remember the market can be crazy longer than You can stay solvent, so be sure to protect the money in Your pocket first even when You get tired and frustrated. I hate the market games, but they are there and they are there to break You, but You have to decide how it is that You want to live and be willing to have the discipline it takes to enjoy that lifestyle.
If You play, only play to win. ALL OF YOUR MONEY IS VALUABLE, THEREFORE YOU CANNOT AFFORD TO LOSE IT. THE ONLY WAY TO THRIVE IN THE GOOD TIMES IS TO PROTECT YOUR WEALTH DURING THE SCARCE TIMES. PROTECT YOUR WEALTH FIRST, WHEN THE MARKET IS CRAZY ZIP YOUR POCKET AND SIT IT OUT. SOMETIMES THERE IS NO TRADE!
#1 PROTECT YOUR WEALTH (You can only build on what You have preserved)
#2 BUILD WEALTH (The market will eventually find direction and when it does, be there to ride the train all the way into the station)
YOU CAN DO THIS (^_^) !
07/30 Intraday Update. Next Update just in algforex.com.
EUR/USD Sell near 1.2387GBP/USD Buy near 1.5657AUD/USD Buy near 1.0417NZD/USD Buy near 0.8023USD/CAD Sell near 1.0073USD/CHF Sell near 0.9837
07/23 now we do some adding more and more.
EUR/USD Sell near 1.2173GBP/USD Sell near 1.5577AUD/USD Sell near 1.0353NZD/USD Sell near 0.7947USD/CAD Buy near 1.0147USD/CHF Buy near 0.9873
07/18 Intraday Update. Next Update just in algforex.com.
EUR/USD Sell near 1.2273GBP/USD Sell near 1.5657AUD/USD today still in reveresion LongNZD/USD Sell near 0.7967USD/CAD today still in reversion ShortUSD/CHF Buy near 0.9777
07/10 Intraday Update.
EUR/USD Sell near 1.2327AUD/USD Sell near 1.0237NZD/USD Sell near 0.8007USD/CAD Buy near 1.0157USD/CHF Buy near 0.9735
Next Update just in algforex.com.
Next Update just in algforex.com.
07/09 Intraday Update.
EUR/USD Sell near 1.2363AUD/USD Sell near 1.0237NZD/USD Sell near 0.8007USD/CAD Buy near 1.0153USD/CHF Buy near 0.9711
WHEN THE MARKET IS CRAPPY PRESERVE YOUR CAPITAL !
There are times that no matter how good Your strategy or how hard You try, the market just will not cooperate with Your plans to get paper. What You do in those times is more important to Your success than what You do in a good flowing market!
Why????????????????
Because what You do on those day can mean the difference between thriving in forex or having to fold Your hand and walk away from the table. On days when the market is stubborn and uncooperative no matter how patient You are or how much discipline You exercise, YOU MUST PRESERVE YOUR CAPITAL.
Believe me, I know how hard and frustrating a market like that can be. To stay through an entire session or sometimes a day and the market is just indecisive feels like a waste, and it can be easy to become discouraged. These are the times Your discipline is the most important even though Your emotions may be a bit frayed. Stay the course of discipline, these are the times we are also most likely to abandon a really good strategy. DON'T DO IT!
THERE ARE TIMES WHEN THE MARKET IS JUST CRAPPY!
Be careful during these times not to beat Yourself up or doubt Your ability, There is nothing wrong with You or Your strategy, it is the market, and the truth is no matter how crazy the market gets, it has control over Your paper, so IT IS RIGHT! so PROTECT YOUR WEALTH. Even if You come out of the day slightly down beat up, battered and bruised, it's ok, as long as You preserved as much of Your wealth as You could. On days like this, it is most important not to let the market take You out of the game!
Sometimes the market is a kitten, but there are times she is a lion; sometimes you just gotta get out alive. If you survive, the day will come again for you to thrive. It is just part of the market cycle and it happens. Don't take it too hard, because the time will come again when the market is lovely and will want to caress and cuddle You, then she will yield plenty of paper for You. It is the days that the market is sweet and cooperative that we as traders Preserve Capital for.
#1. First job of every trader: PRESERVE WEALTH!
#2, Second job of every trader: BUILD WEALTH!
YOU CAN DO THIS (^_^)!
06/12 Intraday Update.
EUR/USD Sell near 1.2543AUD/USD Sell near 0.9937USD/CAD Buy near 1.0227USD/CHF Buy near 0.9567
Today will be difficult to get correlation between US currency and others.So EUR/USD would go still for reversion Long and on other Trading Station in algforex.com we'll Buy EUR/USD.
GBP doesn't correlate. It means ,- No Trade.
But we'll buy AUD/USD and NZD/USD.Entry Levels we'll show later and there.
GBP doesn't correlate. It means ,- No Trade.
But we'll buy AUD/USD and NZD/USD.Entry Levels we'll show later and there.
WHO'S TRICKING YOU????
Harness the market power and make it work for You, if You are stopped out the market is helping to preserve Your capital. Look at a stop-out as a lesson that cost You $X.OO of dollars to learn. When You take a hit, use that money wisely, it was a lesson that You paid for. Go back and study ways to try to avoid paying for that lesson again. As You have probably seen on my videos, I get my share of stop-outs, but I dust off and go at it again, because there will be another opportunity to make profit in the market.
The market isn't hard, it is just tricky at times, but if You see that preserving capital is the most important job that You have, You will come out ahead as You continue to trade a good plan. If You trade, You are going to have to pay for a lesson every now and then, it's no big deal, it is just the cost of doing business, shake it off and look for another opportunity.
Yes, the market can sometimes be very confusing and often tricky, but just because You got tricked, doesn't mean You have to stay tricked. Don't let over analysis about what the market might do keep You from entering a good trade set-up, because the market is cocky and will do whatever it wants to do. Just except that the best trade set-ups can fail, because the market can be bipolar and irrational, sometimes it has mood swings and throws tantrums. Then there are times that the market will purr like a kitten for You.
There are times that the market makes me so very angry, but there is nothing I can do about it except accept the fact that the market can be like that and bend with it in order to make paper$$$$. Don't ever let the market take Your mind off of Your mission to make money. There are times when You might need a break if You are getting to angry. Take the break, then come back and try again. Be sure to listen more to Your chart than to Your mind's chatter, remember that as brilliant as Your mind is, it can only give You info on past chart data and experiences, while the market is always fresh right now.
Always listen to the market and allow it to lead You to financial freedom.............You are Worthy of the Wealth that the forex market provides.
YOU CAN DO THIS (^_^)!
4 weeks we're Selling EUR/USD. Today is Friday. And after USD Change in Non-farm Payrolls (MAY) will be some confusion.Investors made lot money.Everybody wants to take time of and leave the City.
We'll see some reversion Long.So Today is not good time to make adding EUR/USD Short, but just leave all our positions opened. We'll talk on Monday.
We'll see some reversion Long.So Today is not good time to make adding EUR/USD Short, but just leave all our positions opened. We'll talk on Monday.
Today in algforex.com we'll...
EUR/USD Sell near 1.2517
AUD/USD Sell near 0.9813
NZD/USD do not Trade
USD/CAD Buy near 1.0237
USD/CHF Buy near 0.9603
AUD/USD Sell near 0.9813
NZD/USD do not Trade
USD/CAD Buy near 1.0237
USD/CHF Buy near 0.9603
Re-Group Try again
Sometimes success in forex just comes through persistence. Many times the success isn't to the swift or the smartest, because I think most people who trade forex are extremely smart, but to the persistent. Forex like any other discipline has a learning curve and for some of us it was a little steeper than for some others......lol, but like any other great profession it is a skill that can be learned. Success in forex is about the ability to wait and the courage to act even after some disappointing attempts. Many times it is solely the courage to try and try again that is the difference between success and failure for a forex trader. Trading a good strategy isn't enough, it is trading a good strategy with consistent discipline that creates the separation between traders. Some days it is about looking rejection in the face and being determined that it won't beat You. These are the times that You have to be able to dust off and try again when the market has refused Your entry ticket. Don't be reckless, but be willing to re-execute a good plan if it fail. That's where many traders miss it, they have an amazing plan, but after a few rejections from the market, they give up. Trading isn't about never losing, trading is about have the guts and fortitude to WIN!
YOU CAN DO THIS (^_^)!
THE MENTAL LEAP OF SUCCESSFUL TRADING
One of my insightful younger forex Friends sent this to me in part of an email and I ask him for permission to share it--
"I hate losing..." It's human nature to avoid pain...when it's cold outside your first instinct is to put on a jacket to protect yourself from it's effects...The thing with trading is, many times you temporarily reverse this pain avoidance instinct when you are on the wrong side of the trade, so that you can make the best decision. Natural impulse is to avoid the negative feelings you get from closing out a loser...but it keeps you in control.Basically the forex trading decisions we make reveal a lot about us.
Successful trading requires our ability to temporarily overcome our natural impulse to avoid pain out of the trust in the greater pleasure that will come down the road from capital preservation and ultimately success.
It takes being very forward thinking to make this mental leap, but it's well worth it. The real key is trusting it and doing it consistently.
It takes being very forward thinking to make this mental leap, but it's well worth it. The real key is trusting it and doing it consistently.
Thanks L56,
YOU CAN DO THIS (^_^)!
Next Entry: Sell EUR/USD near 1.2977.
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 17 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In this case I
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 17 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In this case I
05/03 Intraday Update.
EUR/USD Sell near 1.3177GBP/USD Sell near 1.6217AUD/USD Sell near 1.0317NZD/USD Sell near 0.8107USD/CAD Sell near 0.9871USD/CHF Buy near 0.9101
04/27 Intraday Update:
EUR/USD Buy near 1.3177GBP/USD Buy near 1.6177AUD/USD Buy near 1.0367NZD/USD Buy near 0.8131USD/CAD Sell near 0.9847USD/CHF Sell near 0.9101
04/26 Intraday Update.
EUR/USD Buy near 1.3197AUD/USD Buy near 1.0347NZD/USD Buy near 0.8117USD/CAD Sell near 0.9847
FOREX THE ULTIMATE DREAM JOB
Every day billions of human beings leave the comfort of their warm secure homes to make their way to that dreaded (just over broke) job, that they loathe. They work like labor animals with just enough money to almost make ends meet. Most are in debt making payments on the necessities of life, like a car for example, to allow them to better accommodate the (just over broke) job. The off day they get is just enough to take care of their errands before they begin the much dreaded and hated cycle again. The (just over broke) job takes precedence over everything including family and church, it is the one call we must answer to survive leaving everything else second to it.
Wouldn't it be wonderful if there was a way to make an incredible living doing what You loved everyday? A passion that allowed an unlimited source of income and ample time for the people You love the most. A place that You could get Your fill of sleep everyday, take off whenever You'd like, play golf after a few hours of work and allowed You to decide when You'd get a raise in pay.
If You trade forex, You have such an opportunity. It will allow for a very very lavish lifestyle, with You investing as much or as little of Your time as You desire to achieve the level of desired comfort in Your life. It allows You to take off whenever You want, to sleep in as much and as long as You want. It rewards You for showing up, watching for the right opportunity and taking advantage of it. Wow, aren't we most fortunate!
Forex will reward You with everything material thing that You want and seek in this life and even more than You can imagine. It is an almost limitless storehouse of wealth. With more than 4 trillion dollars a day, it can provide You with more wealth than your family can spend in 12 lifetimes. The secret to tapping into this supply is DISCIPLINE.
Yes, forex is work, so make it reward You for showing up. Take advantage of every money making opportunity it gives while You are in attendance. The wealthiest traders in the world have the same opportunity that You have everyday. They just cease it and make the market work for them. You too can join the wealth party. It is open to Y-O-U! The price for entry into this party is trading a good plan with superior discipline!
YOU CAN DO THIS (^_^)!
04/23 Intraday Update.
EUR/USD Sell near 1.3177AUD/USD Sell near 1.0317NZD/USD Sell near 0.8167USD/CHF Buy near 0.9097
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 17 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In this case I do make special note. It works just
I LOVE IT WHEN GOD DOES STUFF LIKE THIS
I love it when GOD does stuff like this. In my meditation the other day I opened my eyes and saw this picture of a dollar sign in two roses that I'd hung up to dry. I had to laugh out loud because I love it when GOD does this kind of stuff. I love knowing that GOD is paying attention to my life and let's me know it (^_^). That for me was a reminder that GOD is the GOD of abundance and has everything under control.
There are no limitations except for the ones that we place on ourselves. When we look at nature, everything testifies to GOD's generosity and love of abundance. GOD is the unlimited source and knows no lack! Open Yourself up to receiving more good from the GOD who so dearly loves You and wants to see You prosper. You have to do what our LORD CHRIST has instructed (If thou canst believe, all things are possible to him that believeth), You have to believe!
Quit preparing Your mind to struggle, there is only pain in poverty. Start training Your mind to believe in good for Your life and enjoy this wonderful journey more!
I loved this and just wanted to share it with You and remind You that the Great GOD is paying attention and wants You to prosper in good (^_^)
YOU CAN DO THIS (^_^)!
Yesterday we got some wonderfully Entries, so Today do just adding for bigger Profit.
04/04 Intraday Update.EUR/USD Sell near 1.3183GBP/USD Sell near 1.5903AUD/USD Sell near 1.0297NZD/USD Sell near 0.8177USD/CAD Buy near 0.9893USD/CHF Buy near 0.9111
03/28 Intraday Update.
EUR/USD Sell near 1.3357GBP/USD Sell near 1.5911AUD/USD Sell near 1.0441NZD/USD Sell near 0.8211USD/CAD Buy near 0.9927USD/CHF Buy near 0.9031
03/26 Intraday Update.
EUR/USD Buy near 1.3267GBP/USD Buy near 1.5877AUD/USD Buy near 1.0457NZD/USD Buy near 0.8143USD/CAD Sell near 0.9963USD/CHF Sell near 0.9077
03/23 Intraday Update.
EUR/USD Buy near 1.3197GBP/USD Buy near 1.5803AUD/USD Buy near 1.0363NZD/USD Buy near 0.8091USD/CAD Buy near 0.9967USD/CHF Sell near 0.9137
03/22 Intraday Update.
EUR/USD SEll near 1.3213GBP/USD Sell near 1.5837AUD/USD Sell near 1.0427NZD/USD Sell near 0.8123USD/CAD Buy near 0.9907USD/CHF Buy near 0.9107
02/21 Intraday Update.
EUR/USD Buy near 1.3211GBP/USD Buy near 1.5837AUD/USD Sell near 1.0527NZD/USD Sell near 0.8223USD/CAD Sell near 0.9927USD/CHF Sell near 0.9123
03/14 Intraday Update.
EUR/USD Sell near 1.3087GBP/USD Buy near 1.5663AUD/USD Sell near 1.0533NZD/USD Sell near 0.8187USD/CAD Buy near 0.9893USD/CHF Buy near 0.9223
03/13 Intraday Update. Absolutely no correlation. Very small amount.
EUR/USD Sell near 1.3117GBP/USD Buy near 1.5627AUD/USD Sell near 1.0563NZD/USD Buy near 0.8187USD/CAD Buy near 0.9883USD/CHF Sell near 0.9239
03/12 Intraday Update.
EUR/USD Buy near 1.3111GBP/USD Sell near 1.5657AUD/USD Sell near 1.0533NZD/USD Sell near 0.8183USD/CAD Buy near 0.9917USD/CHF Sell near 0.9201
THE FOREX TRAP GAME
Every day big forex players set traps for little less experienced traders, and as they predict most of the less experienced and sometimes the more experienced traders fall in and lose their monies. Why???? Because trading forex the right way takes the extreme level of discipline that the big players know most people don't possess. The inexperienced trader often possesses the same knowledge as the pro, but the difference between the two is in the execution. The pro will trade a good plan with a very very high level of consistency while the less disciplined trader will try to wait out traps that he has fallen into with the hope that the market will eventually turn and come back in his favor sometimes losing days of sleep waiting for this miraculous turn about. This is the trader that big banks and institutions love because it is this poor undisciplined soul that the banks count on to make their nice lavish livings. It is the truly disciplined profitable traders that the banks lose paper on.
Everyday the banks and institutions use their financial advantages to move price in an artificial direction for a short period of time often creating what looks like a legitimate profitable trade set-up. The traders who see this advantage quickly follow the price move only to find themselves trapped soon after the move has begun. Now this is where the banks find their feeding ground as they know that only a handful of traders have the discipline to cut this small loss and wait for a better trade set-up. They know that most traders are going to cry, pray and beg GOD to do what they had the power to do all along; the next thing You know most of those guys have gotten a margin call and a large amount of funds are transferred from many many small traders who often can't afford it into a few large fat accounts.
This happens day after day after day and the sad thing is most traders don't get it and end up in a debt hell that creates their worst nightmare on earth; while the victors are laughing about their score all the way down to the bar where they will spend a few thousand dollars before they retire for the evening waiting to play the same set-up on unsuspecting traders the next day. It is the sweetest money making deal on earth, and it never changes.
DON'T LET THIS HAPPEN TO YOU!!!!!!
BE SMART AND FREE YOURSELF FROM TRAPS IMMEDIATELY!!!!!!!!!
DO NOT MOVE YOUR STOPS, IF YOUR STOP IS HIT, IT IS PROTECTING YOU FROM GREATER LOSS.
IF YOUR STOP IS HIT IT MEANS THAT YOU DON'T HAVE THE ADVANTAGE THAT YOU THOUGHT YOU DID AND YOU WILL JUST HAVE TO TRY AGAIN.
TRADING WITH DISCIPLINE IS THE ONLY WAY TO ENJOY ANY REAL SUCCESS IN FOREX. When the market traps you in a disadvantage, it will devour you without mercy!!!
SO FREE YOURSELF FROM EVERY TRAP!!!!!!
Wait for a proper trade set-up and when You see an advantage, go where the money is going.
Don't allow the money to move too far against You, otherwise Your goose will be cooked.
It happens everyday, don't allow them to keep tricking you the same way, and unless you trade with superior discipline, STAY OUT OF TIGHT CONSOLIDATION, it is too much of a gamble....
YOU CAN DO THIS (^_^)!
We did Sell EUR/USD 1.3077.
Now manage your Stops.Do not risk more like 17% of your last 3 days Profit.
Yesterday our Update was:
EUR/USD Sell near 1.3277GBP/USD Sell near 1.5817AUD/USD Sell near 1.0787NZD/USD Sell near 0.8373USD/CAD Sell near 1.0037USD/CHF Sell near 0.9147
Today we'll see some chapping.
In algforex.com we have Update for EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD and USD/CHF.Later we'll show and here.
02/08 Intraday Update.
One day per week we do give you Signals for free.EUR/USD Buy near 1.3207GBP/USD Buy near 1.5861AUD/USD Buy near 1.0777NZD/USD Buy near 0.8335USD/CAD Sell near 0.9985USD/CHF Sell near 0.9137
Still same Update:
EUR/USD Buy near 1.3087GBP/USD Buy near 1.5781AUD/USD Buy near 1.0677NZD/USD Buy near 0.8281USD/CAD Sell near 1.0017USD/CHF Sell near 0.9201
It was good to take Profit from yesterdays' EUR/USD 1.3200 and Sell CHF and CAD.
Our last Update in Asian session was:EUR/USD Buy near 1.3087GBP/USD Buy near 1.5781AUD/USD Buy near 1.0677NZD/USD Buy near 0.8281USD/CAD Sell near 1.0017USD/CHF Sell near 0.9201
THE TWO JOBS OF EVERY TRADER
Traders obtain all kinds of knowledge, build successful trader's vocabularies and spend a fortune on classes, webinars, robots and other complicated systems trying to learn to be successful in the market. The problem with most traders is that THEY COMPLICATE TRADING, heck You don't have to do many things in forex to be successful, but there are two jobs that every traders must master in order to be a true success in forex.
Job #1
PRESERVE WEALTH
Job #2
BUILD WEALTH
Number 1 is much much much more important than number 2 because You can not build on wealth unless You first preserve what You have got. I believe that not preserving the wealth that they already have is the number 1 mistakes traders make.
Preserving wealth and building wealth, doing these two things consistently will bring You more success than doing many complicated things. The traders who are successful are successful more because they are disciplined than they are smart. After some education most of us know the same things; so why is it that a few people are successful here and most are ever grasping at success, but never fully tasting it. It is because while we all have the knowledge, only a few will practice it consistently. I am not successful because I know more than You, I am successful because I am willing to do what most traders fail at. I first preserve wealth by cutting bad trades quickly; secondly I build wealth jumping back in when I see an opportunity and letting the really sweet fat trades run and run and run. As a trader, You will have more chances to enter bad trades than You will good trade, so make the good ones really count.
Successful traders can pass along ideas for forex mastery and success, but no one can really tell You the best way to trade because there are many ways to be successful in forex, but once You have honed in on a good system, trade it consistently and You will come out ahead. No matter which system or time frame You choose to trade remember Your two jobs everyday............
PRESERVE WEALTH!!!!
BUILD WEALTH!!!!
YOU CAN DO THIS (^_^)!
I'll do adding on our last Update Entries, but if you new, this time risk is 33% higher.EUR/USD Buy near 1.3077GBP/USD Buy near 1.5627AUD/USD Buy near 1.0571NZD/USD Buy near 0.8127USD/CAD Sell near 1.0047USD/CHF Sell near 0.9227"33% risk higher",- it means make 1/3 less of investment like last time.
Now it's not regular situation. Market will blow up all you technical indicators.Still do not Sell EUR/USD and do not take more Profit.Hold all 6 Yesterday's Entries:EUR/USD Buy near 1.2937GBP/USD Buy near 1.5501AUD/USD Buy near 1.0451NZD/USD Buy near 0.8067USD/CHF Sell near 0.9297USD/CAD Sell near 1.0147I'll do extra Update little later.
Perfect accuracy. Huge Profit. Take little and hold as much as you can.
Your Entries helps to move Market. Thank you very much.I'm working on new Update. May I'll give you some draft tonight... or tomorrow morning.
01/23 Intraday Update.
EUR/USD Buy near 1.2937GBP/USD Buy near 1.5501AUD/USD Buy near 1.0451NZD/USD Buy near 0.8067USD/CHF Sell near 0.9297USD/CAD Sell near 1.0147
EUR/USD 1.2846 I do Sell , but Stops I'll do very near.
Thank you for Buying EUR/USD 1.2717.Still Hold thees 100 pips of Profit.We getting close to channel line.I still working on one more good Level of Resistance.Our EUR/USD Main Trend is Short.EUR/USD Buy 1.2717,- was extra money on other Trading Station.
EUR/USD Main Trend is Short.
I'll Buy EUR/USD near 1.2727 small amount on other Trading Station. Stops near Entry as soon as possible.
THE 5 DEADLIEST WORDS IN TRADING
AH, IT WILL COME BACK, these are the five deadliest words in trading..........
They are the words used by traders to comfort themselves as trades move against them, depleting their wealth. If You find Yourself using these 5 deadly words, then that is a trade that You should have already cut.
Many times we used these words fully confident that the market is going to come back in our favor, but these are the words used by every broker trader before they go bust. NEVER TAKE A CHANCE ON SOMEONE PULLING THE FINANCIAL RUG FROM UNDER YOUR FEET!!!!!!!!
As a trader You have 2 jobs everyday
Job #1
PRESERVE WEALTH
Job #2
BUILD WEALTH
Job #1
PRESERVE WEALTH
Job #2
BUILD WEALTH
There are crazy market days when it is NOT WHAT YOU EARN, IT IS WHAT YOU KEEP, that's more important to Your bottom line.
SUMMARY
The three most important lessons of this blog post are:
If Your account balance is $50,000.00 USD and You have a trade going against You at -$45,000.00 USD, then You only have $5,000.00 USD. The $50,000.00 balance gives traders a false sense of security. PLEASE PAY MORE ATTENTION TO THE EQUITY IN YOUR ACCOUNT THAN TO THE ACCOUNT BALANCE. Your equity is where Your TRUE WEALTH lies. If You are comforting Yourself by looking at the $50,000.00 balance instead of the -$45,000.00 that's devouring Your account; You are deluding Yourself. YOUR EQUITY IS WHAT COUNTS, SO PROTECT YOUR EQUITY!!!!
SUMMARY
The three most important lessons of this blog post are:
If You are telling Yourself, 'Ah it will come back", that is a trade You should have already cut. These are the 5 deadliest words in trading.
Your #1 job in trading is to preserve Your wealth!
Your #2 job is to build Your wealth!
Your #1 job in trading is to preserve Your wealth!
Your #2 job is to build Your wealth!
YOU CAN DO THIS (^_^)!
Today EUR/USD let it go Long,... later at night we'll Sell near RED line.
Price could be very same, but we need just little time. In time frame same price by self moves close to RED line.
GOLF AND FOREX
Forex for most traders is like a very expensive golf addiction. Everyday they play their little hearts out, but never make it out of the sand trap. The more they play the deeper in debt they get.....WHY????????
Why is it that You have a handful of traders that truly become forex masters while the rest remain amateurs???????
It's simple really........Losing traders hold on to losses, while talking themselves out of following profitable trades. It is a vicious cycle, holding losses because of fear, blowing up another account, adding money to your account with your credit card, saying this time will be different while struggling to pay bills and climbing deeper in debt. Sound familiar????????????
This is not the way this game is suppose to be played, yet for MOST traders this is the harsh frustrating reality. The brokers who trade against You count on You holding losses so that they can send their children to Ivy League colleges, drive fancy cars and send their wives to those swank salons. The more traders hold losses the better lifestyles brokers enjoy.
Forex is suppose to pay You, not be a continual vacuum hose draining Your families wealth. THE #1 CAUSE OF FAILURE IN FOREX IS LACK OF DISCIPLINE!!!
Any forex master will tell You that forex is not hard, it is the discipline to consistently trade a winning strategy even through a series of losses that is hard. Forex is psychological warfare, it creates a kind of prisoner of war mentality for the losing trader, whipsawing him around back and forth, stopping him out until he is so confused that he doesn't know which way to go. When the real trading opportunity presents itself, he is too scared to enter and if he does enter he exits too soon because he is always on pins and needles waiting for them to trick him, so instead of riding the trade for the full profit, he jumps off while he has a little safe profit.
The #1 predictor of forex failure is the inability to cut a bad trade. IF YOU CAN NOT CUT A BAD TRADE, IT IS IMPOSSIBLE TO WIN HERE. There are a ton of systems teaching You tricks and strategies; but few tell You a critical truth that if YOU CAN NOT CUT A BAD TRADE, then eventually You WILL SURELY LOSE no matter how big Your starting balance may be.
A healthy prosperous trader is different in that he sees a good set-up and enters, if he sees that the advantage is lost, then he recognizes it for the trap that it is and quickly gets out, preserving as much capital as possible for the better trade. A trading star realizes that he can always earn back whatever was lost and even more.
If You take a hit, don't consume Yourself with the amount loss, CONGRATULATE YOURSELF for being smart enough to save your wealth to take advantage of the trading opportunity that will allow You to increase wealth.
It is an old but very true saying, especially in forex, 'A STITCH IN TIME SAVES NINE!' In other words cutting that bad trade will save you from digging a deeper hole in the sand trap of debt and allow You to begin to build instead of deplete Your family's wealth.
All successful traders trade with superior discipline. LACK OF DISCIPLINE IS THE KILLER IN THIS GAME.
The best thing about forex is that You don't even have to be that smart to do it. Any man of normal intelligence with the patience to wait for a good trade set-up, the strength to cut a bad trade and the patience to ride profit to fruition can do well here.
EXPECT TO SUCCEED IN FOREX. IF ANYONE ELSE CAN EXPERIENCE SUCCESS HERE, YOU CAN TOO!
YOU CAN ABSOLUTELY DO THIS (^_^)
HAPPY PROSPEROUS TRADING 2012!
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