Monday, September 25, 2006

The patterns of the markets may be fuzzier - more nuanced and complex - than the language traders use to describe them.

This would make describing trading very difficult.

Tuesday, September 12, 2006

Friday, September 01, 2006

Risk

Most traders have absolutely

no concept of what it means to be a risk-taker in the way a successful

trader thinks about risk. The best traders not only take the risk, they

have also learned to accept and embrace that risk. There is a huge

psychological gap between assuming you are a risk-taker because you

put on trades and fully accepting the risks inherent in each trade.

When you fully accept the risks, it will have profound implications on

your bottom-line performance.

Wednesday, August 30, 2006

1.000, fascineted with that level, great stuff...





Tuesday, August 29, 2006

1.000 level works very well...





Saturday, August 26, 2006

Thursday, August 24, 2006

Couple of ideas...





Wednesday, August 09, 2006

Tuesday, August 08, 2006

RISK

Trading is inherently risky. To my knowledge, no trade has a guaranteed outcome; therefore, the possibility of being wrong and losing money is always present. So when you put on a trade, can you consider yourself a risk-taker?

Monday, August 07, 2006

Financial and emotional disaster are common among traders
because many of the perspectives, attitudes, and principles that
would otherwise make perfect sense and work quite well in our daily
lives have the opposite effect in the trading environment. They just
don't work. Not knowing this, most traders start their careers with a
fundamental lack of understanding of what it means to be a trader,
the skills that are involved, and the depth to which those skills need to be developed.

Sunday, August 06, 2006

Most of the trades posted here come from 133 tick chart. Here, couple of the trades from 266 tick chart, which pays off as well...



Such a great example of one minute chart channel line working as a good target point, also for counter trend trades entries

MR and ZLR trades





Friday, August 04, 2006

Attitude in trading

Everyone who trades ends up learning something about the markets; very few people who trade ever learn the attitudes that are absolutely essential to becoming a consistent winner. Just as people can learn to perfect the proper technique for swinging a golf club or tennis racket, their consistency, or lack of it, will without a doubt come from their attitude.

Momentum Reversal trades





Wednesday, August 02, 2006

Consistent winners

The defining characteristic that separates the consistent winners
from everyone else is this: The winners have attained a mind-set - a

unique set of attitudes - that allows them to remain disciplined,focused, and, above all, confident in spite of the adverse conditions.

Tuesday, August 01, 2006

HTLB and ZLR/MR trades from last week's replay





Thursday, July 27, 2006

The trade either works or it doesn't

While this may sound complicated, it all boils down to learning
to believe that: (1) you don't need to know what's going to happen
next to make money; (2) anything can happen; and (3) every moment is unique, meaning every edge and outcome is truly a unique experience (HTLB's, ZLR's, MR's...........etc,etc.........)
Some trades from yesterday's replay