I think trading is not for everyone, some people are already happy with their life and some want to change their life.
That is me, that's why I decided to become a trader. Notice the word DECIDED. I just dont give a try and i dont just choose it, i DECIDED.
Way back 2012 when I learned the potential of forex trading i said to myself this is it, this is the business that I want. I know from the very beginning that trading will not immediately change my life and immediately quit my job. I understand and ready to face the consequences that will arise in my journey.
My work as engineer on oil offshore doesnt make me feel happy and fulfilled. I remember the days the im applying for this job since its a high paying job, 2 to 3 months work only and easy task onboard. But when Im already there it seems nothing has changed, i want to be free. I want to wake up each day eating breakfast prepared by your wife.
Eating breakfast without time pressure, chatting with your family without time limitation is great. I go for a run each morning, cleaning our house is the best routine! Thinking where to go for a short vacation, thinking of where to hike with my mountaineering club.
I never crave for a higher position anymore.
I'm happy being a consistenly profitable trader. I live a simple but awesome happy life!!!!
I love my wife i love my babies!!!
It's just a matter of choice in life.
People choose to be a businessman and they live their life until the end as businessman.
People live their life as a politician and they live their life until the end as politician.
People live their life as a teacher and live their life until the end as a teacher.
I LIVE MY LIFE AS A FOREX TRADER AND I WILL LIVE MY LIFE UNTIL THE END AS A FOREX TRADER. It's my choice, we have the power to create our future.
Tuesday, 31 May 2016
TRADING PSYCHOLOGY - 3PTS GOLDEN STATES WARRIOR
Hoooray!
Golden states warrior win the conference final and they will face the Cavalier on NBA FINAL.
It's really inspiring win, from 3-1 standing cavalier has only one game to finish to become the conference champion but Golden states didnt give up.
Golden states use their edge and that is 3pts.
If you will look at the stats of their 3pts they only made 40% on their 3pts attempt. But the trick here is they made about 30 attempts and manage to shot of 17 x3pts.
That's a big contribution to the team. And the Oklahoma can't stop them.
You see they made many attempts and a 40% winning percentage only. But in the long run it is very powerful.
The same with the trading I remember last April 2016 it is my lowest winning percentage compare with the previous but the pips is the highest.
My parabolic Sar system is really have an edge on USDJPY. Remember my 5 consecutives lossing streak then aftet that i made 200 pips.
So I know my edge of my system and a treding market like USDJPY 1H.
Golden states warrior win the conference final and they will face the Cavalier on NBA FINAL.
It's really inspiring win, from 3-1 standing cavalier has only one game to finish to become the conference champion but Golden states didnt give up.
Golden states use their edge and that is 3pts.
If you will look at the stats of their 3pts they only made 40% on their 3pts attempt. But the trick here is they made about 30 attempts and manage to shot of 17 x3pts.
That's a big contribution to the team. And the Oklahoma can't stop them.
You see they made many attempts and a 40% winning percentage only. But in the long run it is very powerful.
The same with the trading I remember last April 2016 it is my lowest winning percentage compare with the previous but the pips is the highest.
My parabolic Sar system is really have an edge on USDJPY. Remember my 5 consecutives lossing streak then aftet that i made 200 pips.
So I know my edge of my system and a treding market like USDJPY 1H.
TRADING ANALYSIS - USDJPY 1H PARABOLIC SAR
Yesterday we closed a profit of +121 pts.
And a small trade of -7pts.
Our expectation is still new structure high and we have an open trade.
And a small trade of -7pts.
Our expectation is still new structure high and we have an open trade.
So today is the last day of May 2016, and we will release our end of the month report.
TRADING ANALYSIS - EURUSD 1H FOREXSIGNAL 30
Our forexsignal 30 changed its expectation to new structure high.
We closed +24 pts yesterday.
Today we saw a strong momentum on the upside.
We currently have a buying position and we manage to reduce the risk from -40 to -25 pts.
We closed +24 pts yesterday.
Today we saw a strong momentum on the upside.
We currently have a buying position and we manage to reduce the risk from -40 to -25 pts.
Monday, 30 May 2016
TRADING PSYCHOLOGY - FREEDOM
Trading forex is my choice because from the very beginning i comit to do all my best to br a successful trader.
I fail many times! But I did not give up, I worked so hard in search for holy grail hahaja. I worked so hard only to find out that my own mind is the holy grail.
I losT 3 ACCOUTNS.
1st $100
2nd $9500
3rd $9000
All wiped out, ah the 3rd one it when down to $100 then after doing all the right this this last $100 turned into $225.
Thats the time i was convinced my self that I will do it consistently no matter how big my trading account is.
So thats how I become a consistent profitable trader. I stick to the trading plan, money management. All rules followed religiously.
Everyday before I entered my platform I always condition first my mind. Listen to podcast of my mentor and read ebooks.
I love the freedom of this business. As long as you've done your part on way to successful trading.
I fail many times! But I did not give up, I worked so hard in search for holy grail hahaja. I worked so hard only to find out that my own mind is the holy grail.
I losT 3 ACCOUTNS.
1st $100
2nd $9500
3rd $9000
All wiped out, ah the 3rd one it when down to $100 then after doing all the right this this last $100 turned into $225.
Thats the time i was convinced my self that I will do it consistently no matter how big my trading account is.
So thats how I become a consistent profitable trader. I stick to the trading plan, money management. All rules followed religiously.
Everyday before I entered my platform I always condition first my mind. Listen to podcast of my mentor and read ebooks.
I love the freedom of this business. As long as you've done your part on way to successful trading.
TRADING ANALYSIS - USDJPY 1H PARABOLIC SAR
On our USDJPY Parabolic system, the bullish momentum is very strong and we manage to locked in +124 pts.
Remember the horizontal line we draw, the 110.62 resistance level already broke and that's a significant to USDJPY as the market already tells us where it wants to go and we are looking for another retest on 111.65 if we look at 4H or daily chart it is a strong resistance.
I moved a little bit lower the SL since it's only 1 hour before the US market open and I want to be wise to move it little bit because the opening of US market will have a high probability of hitting our stop loss, and it's logical. If the stop loss hit then it's ok time to move to next trade, anyway we manage to break-even, aggressive locking in of profits.
Remember the horizontal line we draw, the 110.62 resistance level already broke and that's a significant to USDJPY as the market already tells us where it wants to go and we are looking for another retest on 111.65 if we look at 4H or daily chart it is a strong resistance.
I moved a little bit lower the SL since it's only 1 hour before the US market open and I want to be wise to move it little bit because the opening of US market will have a high probability of hitting our stop loss, and it's logical. If the stop loss hit then it's ok time to move to next trade, anyway we manage to break-even, aggressive locking in of profits.
TRADING ANALYSIS - EURUSD 1H FOREX SIGNAL 30
Good Monday everyone!
Today as the trade resumed, our EURUSD 1H still managed to locked in +24 pts the same just last week.
The signal hasn't change.
Our expectation is still new structure low.
Today as the trade resumed, our EURUSD 1H still managed to locked in +24 pts the same just last week.
The signal hasn't change.
Our expectation is still new structure low.
TRADING PSYCHOLOGY - 5 MONTHS OF DRAWDOWN OR SIDE WAYS (MENTOR LESSON FROM TRADEEMPOWERED)
I just watch one of the video Jason Stapleton made in Tradeempowered.com
This video is a must watch for all new traders, why?
TO SEE THE REALITY OF FOREX TRADING.
It really inspires me and an eye opening or inspiration on my trading.
Jason shows, as a professional trader, his equity curve for the entire year.
Most of us will notice how the curve move upward, but the main catch here is the graph in the middle, how the equity moves sideways, for 20 weeks (5 months) there's no upward movement in their equity curve.
This video shows me that trading should be done on a yearly basis, what I mean is before analyzing or making a final judgement of your trading, it should be on a yearly basis.
Also withdrawing money should not be done after a year of trading.
Take a minute watching this video to see how a professional trader like Jason do it right.
<iframe width="459" height="344" src="https://www.youtube.com/embed/iSuJuhdrljI" frameborder="0" allowfullscreen></iframe>
This video is a must watch for all new traders, why?
TO SEE THE REALITY OF FOREX TRADING.
It really inspires me and an eye opening or inspiration on my trading.
Jason shows, as a professional trader, his equity curve for the entire year.
Most of us will notice how the curve move upward, but the main catch here is the graph in the middle, how the equity moves sideways, for 20 weeks (5 months) there's no upward movement in their equity curve.
This video shows me that trading should be done on a yearly basis, what I mean is before analyzing or making a final judgement of your trading, it should be on a yearly basis.
Also withdrawing money should not be done after a year of trading.
Take a minute watching this video to see how a professional trader like Jason do it right.
<iframe width="459" height="344" src="https://www.youtube.com/embed/iSuJuhdrljI" frameborder="0" allowfullscreen></iframe>
Sunday, 29 May 2016
TRADING ANALYSIS - MONDAY GAP TRADE
Good morning everyone.
Good monday!
At 6am Asian opening, I always start the trading week by looking for a gap trading opportunity. GAP trading is a high profitability trade.
Today monday we open our chart to see if there's any gap but no gap trading today. So we close the chart and stick to our main strategy.
Good monday!
At 6am Asian opening, I always start the trading week by looking for a gap trading opportunity. GAP trading is a high profitability trade.
Today monday we open our chart to see if there's any gap but no gap trading today. So we close the chart and stick to our main strategy.
DADDY FOREX TRADER - WEEKEND
Hello everyone I hope all traders had a good weekend.
Rainy season has just started here in the Philippines.
I'm happy I spent great weekend with my family. Watching movies, cleaning house, food trip, Sunday church and a massage therapy.
Once in a while let's stay away from the trading environment.
Let's charge energy for this coming week.
This week is the end of May 2016 and June 2016 is about to come, so a data week for us.
Our plan for this week is:
Rainy season has just started here in the Philippines.
I'm happy I spent great weekend with my family. Watching movies, cleaning house, food trip, Sunday church and a massage therapy.
Once in a while let's stay away from the trading environment.
Let's charge energy for this coming week.
This week is the end of May 2016 and June 2016 is about to come, so a data week for us.
Our plan for this week is:
- 31st May 2016 - End of the month performance
- Parabolic Sar EA
- RSI EA
- Forex Signal 30 - Manual Trading
- NFP - we will stop our EA on friday and restart it again after 2hours of NFP data release.
- If an existing position is open and it's a floating loss we will immediately cut it.
- If an existing position is open and it's a positive position, we will leave it as is
- If there's no existing position we will stop our EA.
That's all for this week, as a recap
- USDJPY 1H - PARABOLIC SAR - we are on a risk-free trade and we managed to locked in +25 pts, expectation is still new structure high, strong momentum.
- EURUSD 1H - FOREX SIGNAL 30 - locked in +24 pts, expectation is still new structure low, strong bearish momentum.
Friday, 27 May 2016
TRADING ANALYSIS - USDJPY 1H PARABOLIC SAR
Happy weekend everyone!
As the ADAM CHAEL FOREX kicks off the parabolic sar system just started on the positive side.
It's a good start, but this doesn't mean we should expect the same trade again and again.
Remember previously that our system shows weakness duing the sideways or ranging environment.
And just before the weekend is approaching the market rally and we manage to locked in +25 pts.
Very strong bullish momentum, and we are looking for a breakout on the strong resistance USDJPY 110.62 LEVEL.
It's been a ranging price market as you can see I draw a horizontal lines to see how the price will behave on this levels as this holds the price into a cage.
We will spend our weekend with a +68 floating position.
Next week is Data week, and end of the month monthly system performance.
As the ADAM CHAEL FOREX kicks off the parabolic sar system just started on the positive side.
It's a good start, but this doesn't mean we should expect the same trade again and again.
Remember previously that our system shows weakness duing the sideways or ranging environment.
And just before the weekend is approaching the market rally and we manage to locked in +25 pts.
Very strong bullish momentum, and we are looking for a breakout on the strong resistance USDJPY 110.62 LEVEL.
It's been a ranging price market as you can see I draw a horizontal lines to see how the price will behave on this levels as this holds the price into a cage.
We will spend our weekend with a +68 floating position.
Next week is Data week, and end of the month monthly system performance.
TRADING RECAP - EURUSD 1H FOREX SIGNAL 30
Happy weekend everyone!
Daddy MJ here :)
Yesterday our expectation for EURUSD 1H changed to new structure low, and the previous trade made a -17pts.
Currently the EURUSD has a strong momentum on the downside and we manage to break-even, risk-free trade and now we locked in +24 pts.
We are looking for more aggressive profits, we will move the stop-loss further when the market made a resistance structure a place where logically to move the stop-loss.
Or when the forexsignal 30 changed its signal to buy we will be more aggressive in locking profits, a tight stop loss.
So that's it for this week, happy weekend everyone and we will see each other again next week.
By the way next week is end of the month performance report of this system FOREX SIGNAL 30.
Daddy MJ here :)
Yesterday our expectation for EURUSD 1H changed to new structure low, and the previous trade made a -17pts.
Currently the EURUSD has a strong momentum on the downside and we manage to break-even, risk-free trade and now we locked in +24 pts.
We are looking for more aggressive profits, we will move the stop-loss further when the market made a resistance structure a place where logically to move the stop-loss.
Or when the forexsignal 30 changed its signal to buy we will be more aggressive in locking profits, a tight stop loss.
So that's it for this week, happy weekend everyone and we will see each other again next week.
By the way next week is end of the month performance report of this system FOREX SIGNAL 30.
TRADING PSYCHOLOGY - WINNING INVESTMENT HABITS OF WARREN BUFFET AND GEORGE SOROS
Hello every one happy weekend!
It's a great weekend today in the Philippines, the summer is over it's started to rain a bit during afternoon and making the temperature lower compared from the summer heat of April and May.
Ok for today I would like to share what George Soros said about his trades. He said that "What's important is how much money you make when you're right about a trade, and how much money you lose when you're wrong.
It's a good lesson for us on telling us that any trade system will produce a good return if we know how to cut our losses when the trade is not profitable, and we know when to be aggressive when the market is moving in our favor. No matter how many losing streak we had, and when the time the trade is profitable we they are monster.
Let's take a look again in our equity curve.
It's a great weekend today in the Philippines, the summer is over it's started to rain a bit during afternoon and making the temperature lower compared from the summer heat of April and May.
Ok for today I would like to share what George Soros said about his trades. He said that "What's important is how much money you make when you're right about a trade, and how much money you lose when you're wrong.
It's a good lesson for us on telling us that any trade system will produce a good return if we know how to cut our losses when the trade is not profitable, and we know when to be aggressive when the market is moving in our favor. No matter how many losing streak we had, and when the time the trade is profitable we they are monster.
Let's take a look again in our equity curve.
As you can see the equity on average moves in an upward direction, but it's not moving on a consistent winning streak. It's moving up and down, winning and losing.
But the trading system and money management are so aggressive when the market is moving in our favor and know when to cut our loss when the trade is not profitable.
TRADING - END OF THE MONTH REPORT
Next week we will see how our system performed.
So let's have some recap on the performance of the 2 EA system that we are using.
The parabolic SAR and RSI.
We will publish our end of the month performance report of each system.
So let's have some recap on the performance of the 2 EA system that we are using.
The parabolic SAR and RSI.
We will publish our end of the month performance report of each system.
TRADING ANALYSIS - EURUSD 1H FOREXSIGNAL 30
On EURUSD 1H using our Forexsignal 30 strategy, we already reduced our risk at -17.
Our expectation is still new structure high.
Our expectation is still new structure high.
TRADING ANALYSIS - USDJPY 1H PARABOLIC SAR
Good day and happy weekend to all of us, last trading day of the week.
Our parabolic sar already entered long on USDJPY 1H.
The price during asian session moves in our favor and stop-loss just reduced and now we have -27pts at risk.
We are looking for a break-even trade then a locked in more trades.
Our expectation is still new structure high
Our parabolic sar already entered long on USDJPY 1H.
The price during asian session moves in our favor and stop-loss just reduced and now we have -27pts at risk.
We are looking for a break-even trade then a locked in more trades.
Our expectation is still new structure high
TRADING PSYCHOLOGY - EACH TRADE HAS NOTHING TO DO WITH THE OTHER TRADE
One of the lesson I've learned during my struggling days of trading, that no matter how good is your system, no matter how high is the percentage of winning, each trade is unique.
So therefore when we follow our trade plan or rules, the outcome will not be the same with other trades.
So every time we win on our trade, move on and move to the next trade, but this should not blind us that the next trade has different outcome from the previous trade, even though the results is always a winning streak.
We are anticipating the market but we are not predicting it.
We anticipate the market based on high probability set ups it produce from the previous testing or back-testing, but this does not guarantees us that every time we trade we will have an expectation on what will be the outcome.
EXPECTATION WILL DESTROY EVERYTHING.
It will create greed, create fear, create excitement and this characters are deadly to the traders.
If the market moves in our favor we must know hot to handle the situation, just like in my case if the market moves 30pips above I will move the Stoploss on break-even, because my goal or rule is to have a risk-free trade first. Then trailing aggressively as the price moves further in our favor.
My rules are easy to follow so that it will not create conflict in different market situations.
So therefore when we follow our trade plan or rules, the outcome will not be the same with other trades.
So every time we win on our trade, move on and move to the next trade, but this should not blind us that the next trade has different outcome from the previous trade, even though the results is always a winning streak.
We are anticipating the market but we are not predicting it.
We anticipate the market based on high probability set ups it produce from the previous testing or back-testing, but this does not guarantees us that every time we trade we will have an expectation on what will be the outcome.
EXPECTATION WILL DESTROY EVERYTHING.
It will create greed, create fear, create excitement and this characters are deadly to the traders.
If the market moves in our favor we must know hot to handle the situation, just like in my case if the market moves 30pips above I will move the Stoploss on break-even, because my goal or rule is to have a risk-free trade first. Then trailing aggressively as the price moves further in our favor.
My rules are easy to follow so that it will not create conflict in different market situations.
Thursday, 26 May 2016
TRADING - DADDY FOREX TRADER TRADING AT HOME
I usually trade or look at my trading set-up @ 3pm Asian time, so that's the start of Euro session. I don't trade that session, it's just I want to do my morning routine first, then lunch and ill take a nap or just do nothing.
Then 3pm snack or mirienda time here, then I'll open my platform or do my trading routine.
My routine for trading is I'll read first articles from my mentor or watch youtube video from my mentor. This way I will align my mind for the proper trade psychology.
When I just started ttading I remember I immediately open my mt4 platform in my platform and if I feel that I want to enter the market I will enter hahaha. FUNNY DAYS is over.Thoose are one of my never again moments in my trading journey.
Wednesday, 25 May 2016
TRADING PSYCHOLOGY - "TRADING BAREFOOT" KINDLE BOOK
I just purchased this book today.
I'm excited to hear his story.
The author is a forex trader and binary option trader.
Listening to his stories is really amazing, because he started forex trading by blowing up 9 accounts.
I found myself lucky since I only blow up 2 accounts. No matter how big is the account, the issue here is how long did you stay in the game until you become consistently profitable trader.
A truck driver turned into profitable forex and binary option trader.
I'm excited to hear his story.
The author is a forex trader and binary option trader.
Listening to his stories is really amazing, because he started forex trading by blowing up 9 accounts.
I found myself lucky since I only blow up 2 accounts. No matter how big is the account, the issue here is how long did you stay in the game until you become consistently profitable trader.
A truck driver turned into profitable forex and binary option trader.
TRADING - ADAM CHAEL FOREX LAUNCHING TODAY
From January 2016 to March 2016, we have conducted our backtesting, then we run it live with $100.
The Parabolic Sar shows a great performance in our trading.
Combining this system with our powerful and optimized money management we were able to turn $100 to $210 from 7 April to 26 May 2016.
And now we are going to lunch our $10,000 account.
We will not change anything.
We will trade the same as previously.
We will just increase our Equity.
We will use our powerful MONEY MANAGEMENT inherited from Mr.Pips.
Thank you very much Mr.Pips for your dedication! For us traders see the huge opportunity in forex trading.
The Parabolic Sar shows a great performance in our trading.
Combining this system with our powerful and optimized money management we were able to turn $100 to $210 from 7 April to 26 May 2016.
And now we are going to lunch our $10,000 account.
We will not change anything.
We will trade the same as previously.
We will just increase our Equity.
We will use our powerful MONEY MANAGEMENT inherited from Mr.Pips.
Thank you very much Mr.Pips for your dedication! For us traders see the huge opportunity in forex trading.
TRADING ANALYSIS - EURUSD 1H FOREXSIGNAL 30
Good morning!
As soon as the Euro market is approaching, our expectation for EURUSD 1H is still new structure high.
We are in positive position right now but still our stop loss is below our buying point.
We are looking forward to break-even/risk-free trade as soon as the market moves in our favor.
From - 40points now we move the Stop-loss just below the support structure, which is our plan and a logical way to move stop-loss.
Stop-loss will retain as is where it is unless market gives us the opportunity to move the stop-loss to break even or locked in more profits.
My goal is always rirk-free trade, locking profits is our second goal.
As soon as the Euro market is approaching, our expectation for EURUSD 1H is still new structure high.
We are in positive position right now but still our stop loss is below our buying point.
We are looking forward to break-even/risk-free trade as soon as the market moves in our favor.
From - 40points now we move the Stop-loss just below the support structure, which is our plan and a logical way to move stop-loss.
Stop-loss will retain as is where it is unless market gives us the opportunity to move the stop-loss to break even or locked in more profits.
My goal is always rirk-free trade, locking profits is our second goal.
TRADING ANALYSIS - USDJPY 1H
Good morning everyone!
Our expectation for USDJPY 1H pair is new structure high.
The market is still on a deep pull-back.
Yesterday we made +9 points and -10points an almost break-even day yesterday.
Our expectation for USDJPY 1H pair is new structure high.
The market is still on a deep pull-back.
Yesterday we made +9 points and -10points an almost break-even day yesterday.
Tuesday, 24 May 2016
TRADING PSYCHOLOGY - MARKET WIZARD
After reading this book, MARKET WIZARD, I then struck with the reality that no trader is exactly the same.
This book only tells ut that for beginners trying to search the internet for HOLY GRAIL, please stop that and read this book for you to be convince that in trading you are not always correct.
Trading is more of a psychological challenge.
After interviewing successful traders. none of them discuss about what trading system to be use to become successful like them.
If you will ready the book you will realize that it's all about psychological, and discipline.
If there is one thing I wish I was read or stumble upon on before trading is this book.
You will see the reality in this book that trading forex or stocks is not a quick rich instrument.
Yes it's possible to make money from trading but it takes time and dedication just like in my case.
I blow up 2 accounts with $10,000 deposit, but I did not stop until I made it right.
You will be inspire by this book and realize that even professional and ultra rich person are not making mistake in trading, they don't have crystal, sophisticated formula or indicators to put position in the market. They themselves admit they made a lot of mistake before they become consistently profitable trader.
This book only tells ut that for beginners trying to search the internet for HOLY GRAIL, please stop that and read this book for you to be convince that in trading you are not always correct.
Trading is more of a psychological challenge.
After interviewing successful traders. none of them discuss about what trading system to be use to become successful like them.
If you will ready the book you will realize that it's all about psychological, and discipline.
If there is one thing I wish I was read or stumble upon on before trading is this book.
You will see the reality in this book that trading forex or stocks is not a quick rich instrument.
Yes it's possible to make money from trading but it takes time and dedication just like in my case.
I blow up 2 accounts with $10,000 deposit, but I did not stop until I made it right.
You will be inspire by this book and realize that even professional and ultra rich person are not making mistake in trading, they don't have crystal, sophisticated formula or indicators to put position in the market. They themselves admit they made a lot of mistake before they become consistently profitable trader.
TRADING ANALYSIS - FOREX SIGNAL 30 EURUSD 1H +42 PTS LOCKED IN
We are still on expectation for new structure low.
Yesterday we locked in +11 pts and it is a risk-free trade.
And just today before the European market opens, we manage to locked in trade aggressively.
Strong momentum on the downside exist on EURUSD 1H.
+47 points sure profit locked in.
Yesterday we locked in +11 pts and it is a risk-free trade.
And just today before the European market opens, we manage to locked in trade aggressively.
Strong momentum on the downside exist on EURUSD 1H.
+47 points sure profit locked in.
TRADING ANALYSIS - USDJPY 1H PARABOLIC SAR
Parabolic SAR USDHPY 1H
Expectation changed to new structure high, as the filtering parabolic sar shifted to BUY.
Currently still no open position for us.
We are currently on level 4 on our money management.
TRADING - ADAM CHAEL FOREX
Hello everyone!
Today we initially add funds to my account approximately $6,000.
Tomorrow we will add more funds $4,000 to complete our $10,000 trading capital for ADAM CHAEL FOREX.
Our virutal private server is already set-up, including the tools and tricks added by my EA mentor Kiril @ Udemy.
Today we initially add funds to my account approximately $6,000.
Tomorrow we will add more funds $4,000 to complete our $10,000 trading capital for ADAM CHAEL FOREX.
Our virutal private server is already set-up, including the tools and tricks added by my EA mentor Kiril @ Udemy.
DADDY FOREX TRADER - DOCTOR VISIT
Today, me and my wife go to OB for our baby's check up :)
It's my first time to see our baby, hahaha it's soooo cute! I was very very happy daddy!
Next month 24 June we will be surprise on our baby's gender... This is becoming exciting.
We love you baby! We can't wait to see you in this world!
LOVE YOU BABY!!!
It's my first time to see our baby, hahaha it's soooo cute! I was very very happy daddy!
Next month 24 June we will be surprise on our baby's gender... This is becoming exciting.
We love you baby! We can't wait to see you in this world!
LOVE YOU BABY!!!
TRADING ANALYSIS - FOREX SIGNAL 30 EURUSD 1H
Currently we are still on expectation for new structure low and we see a strong momentum on the downside.
We manage to locked in +11pts and it is a risk free trade.
We will move the stop loss on a very tight once a new BUY signal appers.
But as soon as our SELL is valid we will retain our stop loss in this position.
We manage to locked in +11pts and it is a risk free trade.
We will move the stop loss on a very tight once a new BUY signal appers.
But as soon as our SELL is valid we will retain our stop loss in this position.
TRADING ANALYSIS - USDJPY 1H PARABOLIC SAR
Expectation is still new structure low.
Currently no open position in our Parabolic SAR EA
Market still in deep retracement
Monday, 23 May 2016
TRADING RECAP - NEW VPS SET UP TODAY
Today finally we were able to set-up our VPS wiht PHOTONVPS
Thank you very much FOREXBOAT.com, doing this made so very easy for a first timer like me.
I will now move my EA to my virtual private server.
ADAM CHAEL FOREX SOFT LAUNCHING TODAY!
Thank you very much FOREXBOAT.com, doing this made so very easy for a first timer like me.
I will now move my EA to my virtual private server.
ADAM CHAEL FOREX SOFT LAUNCHING TODAY!
TRADING PSYCHOLOGY - FINDING MENTOR MADE EASY
Hello everyone!
Good monday!
Today I would like to discuss about finding mentor.
We are really blessed at this age because we have internet, laptop smartphone. Everything is just in our palm.
Just use it effectively to your advantage. I learned lot from traders who started around 90's, I was amaze how they start learning trading, from losing to consistently profitable trader.
One of my mentor told me that he spend about 9 years before he realized that he consistently profitable trader. It's hard to find mentor that time, you have to buy books and find personally a mentor.
Unlike today, everything is free, information is free. I was able to develop my trading via online forum in Forexfactory. There is a guy there that has a passion in trading and has a personal mission in life to help struggling traders.
Currently I devided my mentor into two:
1) Forex Trader Mentor - Psychology
2) Forex Trader Mentor - Technical Analysis
3) Forex Trader Mentor - Money Management
Everyday, I make sure that I attend a lesson on each topic. Via e-books, via youtube, via podcast.
Paid membership sites are good, but the problem is everytime we subscribe to new membership site we always expect an immediate result in our trading. It happened to me before, I subscribe to a $100/month fee and that was big for a subscription fee that I will pay monthly.
So my tip for this article is to look for a mentor and stick to him. Just like the trading system, see to it to stick to him, learn lesson again and again with him. REPETITION is very powerful practice I'm doing everyday, especially when it inspire me or I can relate to a topic.
Good monday!
Today I would like to discuss about finding mentor.
We are really blessed at this age because we have internet, laptop smartphone. Everything is just in our palm.
Just use it effectively to your advantage. I learned lot from traders who started around 90's, I was amaze how they start learning trading, from losing to consistently profitable trader.
One of my mentor told me that he spend about 9 years before he realized that he consistently profitable trader. It's hard to find mentor that time, you have to buy books and find personally a mentor.
Unlike today, everything is free, information is free. I was able to develop my trading via online forum in Forexfactory. There is a guy there that has a passion in trading and has a personal mission in life to help struggling traders.
Currently I devided my mentor into two:
1) Forex Trader Mentor - Psychology
2) Forex Trader Mentor - Technical Analysis
3) Forex Trader Mentor - Money Management
Everyday, I make sure that I attend a lesson on each topic. Via e-books, via youtube, via podcast.
Paid membership sites are good, but the problem is everytime we subscribe to new membership site we always expect an immediate result in our trading. It happened to me before, I subscribe to a $100/month fee and that was big for a subscription fee that I will pay monthly.
So my tip for this article is to look for a mentor and stick to him. Just like the trading system, see to it to stick to him, learn lesson again and again with him. REPETITION is very powerful practice I'm doing everyday, especially when it inspire me or I can relate to a topic.
Sunday, 22 May 2016
TRADING ANALYSIS - USDJPY 1H PARABOLIC SAR
Good monday everyone!
Parabolic SAR EA currently changed expectation to new structure low.
Still we are waiting for retracement and our system will enter the market.
Parabolic SAR EA currently changed expectation to new structure low.
Still we are waiting for retracement and our system will enter the market.
TRADING ANALYSIS - REDUCED RISK EURUSD 1H FOREXSIGNAL30
Good monday everyone!
Currently we reduced risk as the market moves in our favor more than 30 pips, but still on break-even, but still a logical reason to put stop loss.
Currently we reduced risk as the market moves in our favor more than 30 pips, but still on break-even, but still a logical reason to put stop loss.
TRADING - SETTING UP VPS
HOME SWEET HOME!!!
Finally after 12 weeks of working on offshore oil vessel, I'm ready to start my new life.
12 Weeks onboard is really a productive one, backtesting, psychological training, and improving a lot in my trading.
So this week will be a lot of activities going on.
1) RSI PRO EA - 23 May Monday, we are going to see which one wins and we will pick up the best to be tested live!
2) VPS - virtual private set-up on Photon! setting up our virtual private server for the first time!
3) ADAM CHAEL FOREX - $10,000 account official launching
Finally after 12 weeks of working on offshore oil vessel, I'm ready to start my new life.
12 Weeks onboard is really a productive one, backtesting, psychological training, and improving a lot in my trading.
So this week will be a lot of activities going on.
1) RSI PRO EA - 23 May Monday, we are going to see which one wins and we will pick up the best to be tested live!
2) VPS - virtual private set-up on Photon! setting up our virtual private server for the first time!
3) ADAM CHAEL FOREX - $10,000 account official launching
TRADING PSYCHOLOGY - IMPATIENCE GAME OVER
As soon I realize and experience in real life the power of back-testing, I see a lot of improvement in our trading.
For example my parabolic live trading account took me about 5 months to decide to use it in live account.
For example my parabolic live trading account took me about 5 months to decide to use it in live account.
For many new traders I know it is east to say 5 months is just easy to do back-testing and forward-testing. But doing on real, believe me it will really loose you out of focus, you will become impatient and you will try to do things against your rule and eventually you will do the HOLY GRAIL searching again.
I've been there, I always here back-testing, forward testing from people who made it successful but I'm a hard headed guy who believes that there is a holy grail, and there is a program that is really making sure profits.
The real holy-grail is back-testing, forward-testing and YOURSELF!
Impatience has no place in trading. This trading is real business that requires planning, following the rules, testing your system, applying your system based on the rules you set and tested for months.
TRADING RECAP - EURUSD 1H FOREXSIGNA30
Hello happy weekend!
As you can see our FS30 indicator just made a turn to BUY signal.
We locked in positive profits on our last trade.
We already made BUY position as soon as the FS30 send signal.
One of the technique that we are doing is we look for retracement and bar and bar analysis we use on orderflow analysis to enter this FS30 trading system.
It's not like that when a signal appear we will immediately place a position.
This signal is very powerful if we know the rules of engagement in entering the market. We must also know that this indicator or this system will not always produce positive results, that's why I marked all the positions made with the pips on each trade.
BE PATIENT, LEARN BAR AND BAR ANALYSIS in using this indicator. It is really powerful.
I'm giving this system a 2 months live demo test before I shift to live account for this system.
As you can see our FS30 indicator just made a turn to BUY signal.
We locked in positive profits on our last trade.
We already made BUY position as soon as the FS30 send signal.
One of the technique that we are doing is we look for retracement and bar and bar analysis we use on orderflow analysis to enter this FS30 trading system.
It's not like that when a signal appear we will immediately place a position.
This signal is very powerful if we know the rules of engagement in entering the market. We must also know that this indicator or this system will not always produce positive results, that's why I marked all the positions made with the pips on each trade.
BE PATIENT, LEARN BAR AND BAR ANALYSIS in using this indicator. It is really powerful.
I'm giving this system a 2 months live demo test before I shift to live account for this system.
TRADING RECAP - USDJPY 1H PARABOLIC SYSTEM
Hello everyone happy weekend!
Let's have a recap on how our parabolic system works during the uptrend.
As we all know our system works well in a trending market.
Below is the picture of our trades during the bullish market of USDJPY1H
Let's have a recap on how our parabolic system works during the uptrend.
As we all know our system works well in a trending market.
Below is the picture of our trades during the bullish market of USDJPY1H
Friday, 20 May 2016
TRADING ANALYSIS - EURUSD 15M
Expectation is still new structure low.
Looking for a retracement at fib levels, and good bar by bar analysis.
As we can see from the chart we still have strong momentum to the downside.
Break above 1.1290 area will change our expectation to new structure high.
Looking for a retracement at fib levels, and good bar by bar analysis.
As we can see from the chart we still have strong momentum to the downside.
Break above 1.1290 area will change our expectation to new structure high.
Thursday, 19 May 2016
TRADING ANALYSIS - EURUSD 15M BREAKEVEN
Currently we are on break even at EURUSD 15
And we are on risk-free trade now.
Without hesitation we moved the stop loss because SOLID LONG RED BAR is on the price chart, giving us a reasonable and logic reason to risk free our trades.
Risk free/Break even trade is our first goal in trading, locking in profits is easy.
Always remember that the priority in trading or any investment is by protecting first yourself.
And we are on risk-free trade now.
Without hesitation we moved the stop loss because SOLID LONG RED BAR is on the price chart, giving us a reasonable and logic reason to risk free our trades.
Risk free/Break even trade is our first goal in trading, locking in profits is easy.
Always remember that the priority in trading or any investment is by protecting first yourself.
TRADING ANALYSIS - EURUSD 15M
Today our SL was stopped out @ +46 pts and I made a mistake of putting the SL just 1pt above the 38.2 fib.
The probability of hitting the 38.2 fib is high so I should give more space for the fib level.
So we are looking for another good entry if the market will let us enter on a good bar by bar analysis, fib level and structure area.
Expectation is new structure low
The probability of hitting the 38.2 fib is high so I should give more space for the fib level.
So we are looking for another good entry if the market will let us enter on a good bar by bar analysis, fib level and structure area.
Expectation is new structure low
Wednesday, 18 May 2016
TRADING RECAP - EURUSD FS30 SIGNAL
Our EURUSD trade with FS30 trading system is still open to sell position.
The signal doesn't change, and so we will not do anything.
The stop loss will remain there as soon as we see reasonable basis to move our stop loss.
The signal doesn't change, and so we will not do anything.
The stop loss will remain there as soon as we see reasonable basis to move our stop loss.
TRADING RECAP- USDJPY 1H PARABOLIC SAR +19 LOCKED IN
Currently the market speaks to go up, like what we said yesterday that breaking above below the red line will tell us the direction of the market.
USDJPY moves to sideways and give us a losing streak, but this is what I like from this system when losing strake happens. 4 to 5 losing streak then a very profitable trade will reward us, so we are not emotionally affected because we know this will happen again and again and again but in the end we will win, and we will be profitable.
So now we are locked in to +19 points and this is a risk-free trade now.
USDJPY moves to sideways and give us a losing streak, but this is what I like from this system when losing strake happens. 4 to 5 losing streak then a very profitable trade will reward us, so we are not emotionally affected because we know this will happen again and again and again but in the end we will win, and we will be profitable.
So now we are locked in to +19 points and this is a risk-free trade now.
TRADING PSYCHOLOGY - LESS AND LESS TANGIBLE GOALS MAKES ME A BETTER TRADER
As soon I changed my way of thinking about forex trading as a vehicle or medium to achieve my dreams, I saw a lot of improvement in my trading performance.
Before my goal is a million dollar account, buy a super-car, buy latest iphone, but super laptop.
Now my goal is spend time with my family, take care of our baby, do my outdoor hobby, meet my relatives and friends for a chat.
When my goal becomes this non-tangible my emotion in trading decrease, I trade almost unemotionally. Then I see a huge improvement in my trading.
I think trading goals should be like this, of course we need money why we trade, money will make all this thing possible. But the core focus should not be the numbers, and how much we want to earn on each trade, each month.
The reason for forex trading should be more of a enhance our way of life. That when we wake up tell yourself that you trade because this is what you want this is my passion, this gives me the freedom, this gives me the freedom to choose the lifestyle that I want.
I never ever focus on money outcome anymore, I become more focus on trading process. Following my trading rules religiously, trade my plan, break even, locking some profits. Allowing market to stopped out my stop loss is just normal, it has no big deal to me anymore.
Before my goal is a million dollar account, buy a super-car, buy latest iphone, but super laptop.
Now my goal is spend time with my family, take care of our baby, do my outdoor hobby, meet my relatives and friends for a chat.
When my goal becomes this non-tangible my emotion in trading decrease, I trade almost unemotionally. Then I see a huge improvement in my trading.
I think trading goals should be like this, of course we need money why we trade, money will make all this thing possible. But the core focus should not be the numbers, and how much we want to earn on each trade, each month.
The reason for forex trading should be more of a enhance our way of life. That when we wake up tell yourself that you trade because this is what you want this is my passion, this gives me the freedom, this gives me the freedom to choose the lifestyle that I want.
I never ever focus on money outcome anymore, I become more focus on trading process. Following my trading rules religiously, trade my plan, break even, locking some profits. Allowing market to stopped out my stop loss is just normal, it has no big deal to me anymore.
TRADING ANALYSIS - EURUSD 15M +41 POINTS LOCKED IN
EURUSD 15M
Expectation new structure low
Currently locked in +41pts
Trailing aggressively stop loss just above the 38.2 retracement.
If we saw another strong bearish momentum we will move further our TP.
But not so strong momentum we will trail our stop loss tighter and we will not change our TP
Expectation new structure low
Currently locked in +41pts
Trailing aggressively stop loss just above the 38.2 retracement.
If we saw another strong bearish momentum we will move further our TP.
But not so strong momentum we will trail our stop loss tighter and we will not change our TP
Tuesday, 17 May 2016
TRADING RECAP - USDJPY 1H PARABOLIC SAR RANGING MARKET
I would like to post my trade and show how weak is our system within the ranging market.
It's part of the system and nothing to worry about it.
I have backtested it and saw a ranging market before and it's normal.
As long as we are not changing our rules, we don't change anything without any basis.
Because what we have is a system that proves a positive return.
I draw the red line to show the ranging of price and break above below this level will tell where the market want to go.
It's part of the system and nothing to worry about it.
I have backtested it and saw a ranging market before and it's normal.
As long as we are not changing our rules, we don't change anything without any basis.
Because what we have is a system that proves a positive return.
I draw the red line to show the ranging of price and break above below this level will tell where the market want to go.
TRADING ANALYSIS - EURUSD 15M NSL
Expectation NSL
Tight stop loss
Good risk reward ratio
SL just above our 100 retracement which if broken will change our expectation to new structure high.
Tight stop loss
Good risk reward ratio
SL just above our 100 retracement which if broken will change our expectation to new structure high.
TRADING RECAP - EURUSD 15M -14
Hello everyone
Our trade set up for EURUSD 15M is not profitable.
As we reduced our risk to 14 pts, the bulls come into the market strongly showing strong momentum stopping out our position.
Expectation is still new structure low, currently we are on a deep retracement.
Breaking above our previous nsl tail will change our expectation to new structure high.
Our trade set up for EURUSD 15M is not profitable.
As we reduced our risk to 14 pts, the bulls come into the market strongly showing strong momentum stopping out our position.
Expectation is still new structure low, currently we are on a deep retracement.
Breaking above our previous nsl tail will change our expectation to new structure high.
TRADING PSYCHOLOGY - DEFINITION OF LOSES
I learned a new lesson today on tradeciety on how I can improvely deal with my lose on trades.
Handling lose is really a challenging task for us traders since we are raised that making a mistake or having a wrong answer is not good. It's not good in school, it's not good in work, it's not good in the society. That's a fact so we are living everyday and trying not to make any mistake because if we commit mistake we feel bad, disappointed.
But on trading dealing on loses should be threat differently.
I learned it's better to practice that loses are part of the trading.
Since I learned to love taking loses I see a lot of improvements on my trading.
Just like in any business, we are not always correct. We don't have a good sale everyday.
We don't have a consistent costumer from time to time. And in trading we don't always win. It doesn't matter if we lose more than win as long as we have a good risk reward ratio, that if we win we are taking profit aggressively. I experienced this having a 40% WIN AND 60% but still I have a positive return at the end of the month.
My definition of lose: LOSES IN TRADING ONLY TELLS US THAT THE TRADE WE MADE IS NOT PROFITABLE.
We don't fail, we don't made a mistake (as long you trade your plan)... It's just the trade we made is not profitable and there are a lot of unprofitable trades, as well profitable trades too :)
Handling lose is really a challenging task for us traders since we are raised that making a mistake or having a wrong answer is not good. It's not good in school, it's not good in work, it's not good in the society. That's a fact so we are living everyday and trying not to make any mistake because if we commit mistake we feel bad, disappointed.
But on trading dealing on loses should be threat differently.
I learned it's better to practice that loses are part of the trading.
Since I learned to love taking loses I see a lot of improvements on my trading.
Just like in any business, we are not always correct. We don't have a good sale everyday.
We don't have a consistent costumer from time to time. And in trading we don't always win. It doesn't matter if we lose more than win as long as we have a good risk reward ratio, that if we win we are taking profit aggressively. I experienced this having a 40% WIN AND 60% but still I have a positive return at the end of the month.
My definition of lose: LOSES IN TRADING ONLY TELLS US THAT THE TRADE WE MADE IS NOT PROFITABLE.
We don't fail, we don't made a mistake (as long you trade your plan)... It's just the trade we made is not profitable and there are a lot of unprofitable trades, as well profitable trades too :)
Monday, 16 May 2016
TRADING RECAP - EURUSD 1H FOREXSIGNAL30
Currently our manual trading using forexsignal 30 has able to locked in +50 pips.
The red line is the stop loss that previously we only locked in +30pips.
We are looking for more locked in pips.
We will change our position when are stoppped out, or when the signal change its signal.
The red line is the stop loss that previously we only locked in +30pips.
We are looking for more locked in pips.
We will change our position when are stoppped out, or when the signal change its signal.
TRADING RECAP - USDJPY 1H PARABOLIC SAR -33
Today we are stopped out on USDJPY 1H.
Adding -33 pips in our money management, and we are back again to level 3.
Currently the market is moving sideways/ranging.
But as soon as the market start to make a new trending again, our parabolic sar will kick off it's power.
Adding -33 pips in our money management, and we are back again to level 3.
Currently the market is moving sideways/ranging.
But as soon as the market start to make a new trending again, our parabolic sar will kick off it's power.
TRADING RECAP - EURUSD 15M -23 pips
Hello everyone
Again we are stopped out and having a -23 today.
Our expectation is still new structure low.
If price break above 1.1360 our expectation will change to new structure high.
Again we are stopped out and having a -23 today.
Our expectation is still new structure low.
If price break above 1.1360 our expectation will change to new structure high.
TRADING RECAP - TOO TIGHT STOP LOSS
Early monday morning we saw a good oportunity entering the market.
It was a good entry.
I put my stop loss just above the 61.8 level.
Then i set and forget the trade because I have work to do.
Then after checking again the trade I was stopped out for -23pts.
Then the market made a nice turn around on that level.
The lesson here is stop loss should be not so tight and not so wide. A reasonable and logic stop loss should give the market some space to breath.
It was a good entry.
I put my stop loss just above the 61.8 level.
Then i set and forget the trade because I have work to do.
Then after checking again the trade I was stopped out for -23pts.
Then the market made a nice turn around on that level.
The lesson here is stop loss should be not so tight and not so wide. A reasonable and logic stop loss should give the market some space to breath.
TRADING ANALYSIS - EURUSD 15 EXPECTATION NSL
GOOD MONDAY EVERYONE!
EURUSD 15M
EXPECTATION NSL
ENTRY 61.8 FIB BAR BY BAR ANALYSIS STRUCTURE AREA
SL JUST ABOVE THE 61.8
TP 1.1250
EURUSD 15M
EXPECTATION NSL
ENTRY 61.8 FIB BAR BY BAR ANALYSIS STRUCTURE AREA
SL JUST ABOVE THE 61.8
TP 1.1250
Sunday, 15 May 2016
TRADING PSYCHOLOGY - POWER OF BACKTESTING
Happy weekend everyone!
Time to share my experience with back-testing and how it improves my trading.
During my first days of trading, I always here the back-testing, I have no idea how important it is in my trading.
I'm totally out of path to success, I want a 100% system that if I apply today I will see immediate results.
Then I realize that's why I'm jumping from one system to another because I don't trust my system, and I always hop to another one.
Back-testing removed my "hopping system" from my trading career.
I just stick to one system and back-tested it for a year, and and forward testing adds more confidence on how I trade this system.
That's the power of back testing, it will show you that a system is winning and losing but in the end it will give you a positive return.
Back-testing removes the emotion on trading, if still in doubt forward-testing eliminates all the emotional hindrance in trading.
I'm happy slowly slowly I'm getting there.
I will publish all my report and performance in this blog.
I want to inspire other people who are struggling as a forex trader on how to do this business properly.
Time to share my experience with back-testing and how it improves my trading.
During my first days of trading, I always here the back-testing, I have no idea how important it is in my trading.
I'm totally out of path to success, I want a 100% system that if I apply today I will see immediate results.
Then I realize that's why I'm jumping from one system to another because I don't trust my system, and I always hop to another one.
Back-testing removed my "hopping system" from my trading career.
I just stick to one system and back-tested it for a year, and and forward testing adds more confidence on how I trade this system.
That's the power of back testing, it will show you that a system is winning and losing but in the end it will give you a positive return.
Back-testing removes the emotion on trading, if still in doubt forward-testing eliminates all the emotional hindrance in trading.
I'm happy slowly slowly I'm getting there.
I will publish all my report and performance in this blog.
I want to inspire other people who are struggling as a forex trader on how to do this business properly.
Saturday, 14 May 2016
TRADING PSYCHOLOGY - PASSION FOR TRADING
I already blow up 2 trading accounts.
About $18,000 I lost in trading.
I remember thoose days that I'm not fully aware of how to trade consistently.
My broker agent always promise me that he has a forex trading system that works all the time.
But after two failures, never in myself that i will quit trading or accept the fact that trading is not for me.
My passion is really forex trading, I believe that if someone made an income trading forex, I can make it too!
I gave up searching for the holy grail, because there is really no such thing. All that promises a gaurunteed returns are all scrap.
There is no shortcut in success to forex. What I did is I study more, find a systen that works for me. I invested a lot of time in education.
Now im very happy, I can see myself making consistent trading positive results.
I stick to my plan. I will not change anything because I backtested it and forward test on demo. Now running on live account and showing a positive outcome.
About $18,000 I lost in trading.
I remember thoose days that I'm not fully aware of how to trade consistently.
My broker agent always promise me that he has a forex trading system that works all the time.
But after two failures, never in myself that i will quit trading or accept the fact that trading is not for me.
My passion is really forex trading, I believe that if someone made an income trading forex, I can make it too!
I gave up searching for the holy grail, because there is really no such thing. All that promises a gaurunteed returns are all scrap.
There is no shortcut in success to forex. What I did is I study more, find a systen that works for me. I invested a lot of time in education.
Now im very happy, I can see myself making consistent trading positive results.
I stick to my plan. I will not change anything because I backtested it and forward test on demo. Now running on live account and showing a positive outcome.
TRADING RECAP - EURUSD 15M LOCKED +28 PTS
Happy weekend!
As the trading closed yesterday, we manage to locked in +28pts as planned.
Our next move will be if the price made a new structure we will move the stop loss just above that.
Our initial TP is almost hit, and we will not move it unless we see a very strong momentum on the downside.
As the trading closed yesterday, we manage to locked in +28pts as planned.
Our next move will be if the price made a new structure we will move the stop loss just above that.
Our initial TP is almost hit, and we will not move it unless we see a very strong momentum on the downside.
TRADING RECAP - USDJPY 1H PARABOLIC SYSTEM
Happy weekend everyone!
This week we made a huge +200 pips at the start of the week.
It increase my level to 4 in my money management system.
Then the market move in sideways.
We can see that money management is the best system in all.
When I win it is aggressive, when I loss it protects my account.
As you can see 3 loss in a row but still my account is intact and I love it usually market moves in trend after a series of sideways move and this is the strength of my parabolic system.
This week we made a huge +200 pips at the start of the week.
It increase my level to 4 in my money management system.
Then the market move in sideways.
We can see that money management is the best system in all.
When I win it is aggressive, when I loss it protects my account.
As you can see 3 loss in a row but still my account is intact and I love it usually market moves in trend after a series of sideways move and this is the strength of my parabolic system.
Friday, 13 May 2016
TRADING ANALYSIS - EURUSD 15 BREAKEVEN
EURUSD 15M
EXPECTATION NSL
STOPPED OUT BE LOOKING FOR ANOTHER ENTRY
Retracement bar by bar structure area.
EXPECTATION NSL
STOPPED OUT BE LOOKING FOR ANOTHER ENTRY
Retracement bar by bar structure area.
TRADING ANALYSIS - EURUSD 15M BREAK EVEN
Currently we moved our stop loss to break even as planned.
Looking to locked in more profits when market made a structure and we will move our stoploss just above that structure.
Looking to locked in more profits when market made a structure and we will move our stoploss just above that structure.
Thursday, 12 May 2016
TRADING ANALYSIS - EURUSD 15M INVITATION FOR ENTRY BARBYBAR ANALYSIS
Good trading day everyone!
Friday last day of trading for this week.
EURUSD 15M EXPECTATION NEW STRUCTURE LOW
Break below 1.1370 area tirgger our change to expectation.
Currently the bar by bar analysis invited us to enter the market as it shows a strong bearish momentum after color rotation.
Friday last day of trading for this week.
EURUSD 15M EXPECTATION NEW STRUCTURE LOW
Break below 1.1370 area tirgger our change to expectation.
Currently the bar by bar analysis invited us to enter the market as it shows a strong bearish momentum after color rotation.
TRADING PSYCHOLOGY - ONE THING IN COMMON SUCCESSFUL TRADERS
Hello everyone, last trading of the week.
I want to share my experience with different traders I've meet.
I'm very fortunate to meet them, no personally but thru podcast, e-books, forums and google.
I believe to become successful in anything, look for someone who have done it successfully.
So in search for them, I found it easy via internet. I think we are so blessed today since technology makes our life easier, and I use it to my benefit, I use it for being productive.
So back to our topic, successful trader have one thing in common. I thought in my search and following successful traders, they will share what is the holy grail system they are using. But no, none of them discuss more on what system they are using. Some of them share it but not exactly tell you want indicators they use, or how they plot or read the graph. NONE OF THEM.
But they talked much on psychology. They talked much on emotional side.
That thing came to my conclusion, and this STOP me in searching for holy grail system, or searching for a perfect EA robot that will make me profitable.
They win and loss and accept everything as part of the business. I remember Akil Stokes of Tradeempowered he shared his equity curve for a year, and you can see on the graph that in the first quarter they are winning and the graph is going up. But after that you can see a drawdown in the middle, and after that the equity looks like flat. For 3 to 4 months the graph is moving sideways.
I tell to my self, this people don't care if their equity is moving sideways after a months, then after that the equity curve skyrocket until the end of the year.
What this tell me that, they stick to the plan, they boringly execute the plan, as in BORINGLY because they follow their rules, they trade their plan, and they just keep on rolling even they have drawdowns and sideways equity until the equity goes upward until the end of the year.
THEY STICK TO WHAT THEY ARE DOING
THEY STICK TO THE SYSTEM THAT THEY HAVE BACKTESTED.
It's all about the many trades that they have and history of doing the same thing again and again unemotionally.
This is how successful traders do it. They have confidence in the system, they know there are times that losing is part of it because they saw it happened before, but in the end their winners give them an edge.
ONE SYSTEM-BACKTESTED
FORWARD TESTED
SHOW GOOD RESULTS IN LIVE ACCOUNT
After realizing all this thing, I was able to develop my own system, and I see a huge difference in results.
I will never chase for any holygrail system again. Being profitable trader is boring, because I have to follow my rules again and again.
"IT IS BETTER TO BE BORING AND RICH, THAN EXCITING BUT POOR"
-Jason Stapleton of TRADEEMPOWERED
I want to share my experience with different traders I've meet.
I'm very fortunate to meet them, no personally but thru podcast, e-books, forums and google.
I believe to become successful in anything, look for someone who have done it successfully.
So in search for them, I found it easy via internet. I think we are so blessed today since technology makes our life easier, and I use it to my benefit, I use it for being productive.
So back to our topic, successful trader have one thing in common. I thought in my search and following successful traders, they will share what is the holy grail system they are using. But no, none of them discuss more on what system they are using. Some of them share it but not exactly tell you want indicators they use, or how they plot or read the graph. NONE OF THEM.
But they talked much on psychology. They talked much on emotional side.
That thing came to my conclusion, and this STOP me in searching for holy grail system, or searching for a perfect EA robot that will make me profitable.
They win and loss and accept everything as part of the business. I remember Akil Stokes of Tradeempowered he shared his equity curve for a year, and you can see on the graph that in the first quarter they are winning and the graph is going up. But after that you can see a drawdown in the middle, and after that the equity looks like flat. For 3 to 4 months the graph is moving sideways.
I tell to my self, this people don't care if their equity is moving sideways after a months, then after that the equity curve skyrocket until the end of the year.
What this tell me that, they stick to the plan, they boringly execute the plan, as in BORINGLY because they follow their rules, they trade their plan, and they just keep on rolling even they have drawdowns and sideways equity until the equity goes upward until the end of the year.
THEY STICK TO WHAT THEY ARE DOING
THEY STICK TO THE SYSTEM THAT THEY HAVE BACKTESTED.
It's all about the many trades that they have and history of doing the same thing again and again unemotionally.
This is how successful traders do it. They have confidence in the system, they know there are times that losing is part of it because they saw it happened before, but in the end their winners give them an edge.
ONE SYSTEM-BACKTESTED
FORWARD TESTED
SHOW GOOD RESULTS IN LIVE ACCOUNT
After realizing all this thing, I was able to develop my own system, and I see a huge difference in results.
I will never chase for any holygrail system again. Being profitable trader is boring, because I have to follow my rules again and again.
"IT IS BETTER TO BE BORING AND RICH, THAN EXCITING BUT POOR"
-Jason Stapleton of TRADEEMPOWERED
TRADING RECAP - EURUSD 15M -16PTS
Our expectation for EURUSD 15M is new structure high.
We have a tight stop loss and we are stopped out have a -16pts today.
Expectation doesn't change.
If price break below 1.1370 support area we will change our expectation to new structure low.
We have a tight stop loss and we are stopped out have a -16pts today.
Expectation doesn't change.
If price break below 1.1370 support area we will change our expectation to new structure low.
TRADING ANALYSIS - EURUSD 15M
Trading analysis for EURUSD 15M
Our expectation changed to New structure high.
We took the entry bar by bar analysis.
This is a deep pullback, up to 78.6
Our expectation changed to New structure high.
We took the entry bar by bar analysis.
This is a deep pullback, up to 78.6
Wednesday, 11 May 2016
TRADING RECAP - EURUSD 15M -32PIPS TODAY
Trade closed today and we have a -32pips.
Weak projection and momentum.
Now we have a deep pull back trying to retest the 1.1450 resistance area.
Break and close above this area will change our expectation to new structure high.
Weak projection and momentum.
Now we have a deep pull back trying to retest the 1.1450 resistance area.
Break and close above this area will change our expectation to new structure high.
TRADING PSYCHOLOGY - DAYS OF WAITING
Patience is one of the ingredients in successful trading.
As you can see from the EURUSD 15 chart, since monday the market hasn't made a significant move.
Then Tuesday, still sideways price action.
What are you going to do with this market? Well just stick to the plan and let the market decide.
Once you put money on the table, then only we can control is our emotion.
Control your emotion to exit to early or to take another trades.
Remember before executing your trade, you already do your analysis, planning etc. Overall you plan for the trade, unless you are like me before that I don't have a plan at all. It's totally guessing hahaha...
So once you pull the trigger in trading, it is there what we can do is control the risk.
Like example for me my first goal of trading is to break-even. My goal to is to move my stop loss at break-even +2points when the market moved in my favor about +30pts or when the price break my previous NSL/NSH.
Then it's a risk-free trade I'm contented with that what ever happens here is my protected. Remember your first goal is to get out of trouble.
Then the next part is trading aggressively by locking in more and more profits.
Currently we are still waiting for the EURUSD where it will go. It is what it is, we plan the trade and trade the plan, all we can do is wait and wait for a signal on what to do.
Always ask yourself first before doing anything on your trade.
As you can see from the EURUSD 15 chart, since monday the market hasn't made a significant move.
Then Tuesday, still sideways price action.
What are you going to do with this market? Well just stick to the plan and let the market decide.
Once you put money on the table, then only we can control is our emotion.
Control your emotion to exit to early or to take another trades.
Remember before executing your trade, you already do your analysis, planning etc. Overall you plan for the trade, unless you are like me before that I don't have a plan at all. It's totally guessing hahaha...
So once you pull the trigger in trading, it is there what we can do is control the risk.
Like example for me my first goal of trading is to break-even. My goal to is to move my stop loss at break-even +2points when the market moved in my favor about +30pts or when the price break my previous NSL/NSH.
Then it's a risk-free trade I'm contented with that what ever happens here is my protected. Remember your first goal is to get out of trouble.
Then the next part is trading aggressively by locking in more and more profits.
Currently we are still waiting for the EURUSD where it will go. It is what it is, we plan the trade and trade the plan, all we can do is wait and wait for a signal on what to do.
Always ask yourself first before doing anything on your trade.
TRADING ANALYSIS -EURUSD 15M EXPECTATION NSL
Good morning everyone.
Our expectation for today is new structure low for EURUSD 15M.
Our trade since monday is still open.
Price is making a weak new structure low.
We are looking to break even when the price break the previous new structure low.
Our expectation for today is new structure low for EURUSD 15M.
Our trade since monday is still open.
Price is making a weak new structure low.
We are looking to break even when the price break the previous new structure low.
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