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If you're new and you just did Buy EUR/USD 1.3077, "break even".Our EUR/USD reversion Long is under question.

Still same Update.Today's new Update much later.EUR/USD 1.3117 has some small Buy.

Hold EUR/USD Long 1.2937 and 1.3077 adding.Also we have 5 more extra Entries.

Still same Update.

On one Trading Station EUR/USD adding I got with one pip accuracy, on other one just did not reach.USD/CHF also needed one more pip.

Now it's our time.

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 I working on all 6 levels of Resistance and Support for adding more.I'll let you know later at night (Asian session).

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.

One more time same Update.

For NZD/USD, AUD/USD and USD/CHF I would manage Stops.Take 1/4 Profit of NZD/USD.

Same Update.

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

No Trade.I'll do Update in 5h.

Today I would Sell EUR/USD near 1.2963.

Today I do not Sell EUR/USD, let it go higher.I'll do some other small Entries:AUD/USD Buy near 1.0357NZD/USD Buy near 0.7977USD/CHF Sell near 0.9417USD/CAD Sell near 1.0141

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.

Move Stops near Entry.

On other Trading Station, EUR/USD 1.2717 I'll Buy Today, but our Main trend is still Short.

EUR/USD 1.2727 I'll add little Short.

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.

I'm still waiting for my EUR/USD Sell near 1.2847 Entry Level.

Still same Update.

Today I looking for bigger EUR/USD reversion. May it will reach our 1.2847.

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

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.

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!


YOU CAN DO THIS (^_^)!

EUR/USD still Short.

EUR/USD still Short and I'll do adding lower near 1.2847.

Very nice movement. Today I'll add EUR/USD Short near 1.2911."Near" it means,- work with your own indicators for your own Entry.If you have big Profit take little risk just Sell EUR/USD.

EUR/USD Short and just Short.

Today I would add EUR/USD Short near 1.3001.

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!