1pipatatime

Trades for today. DATE 06/01/11 PAIR AUD/USD E/TIME 08:36 CONT -1 E/PRICE 0.99891 EX/TIME 08:42 EX/PRICE 0.99781 PIPS 11.0 TOT/PIPS 11.0 $AUD 110.23 DATE 06/01/11 PAIR AUD/USD E/TIME 07:52 CONT +1 E/PRICE 0.99666 EX/TIME 08:23 EX/PRICE 0.99866 PIPS 20.0 TOT/PIPS 31.0 $AUD 200.41 DATE 06/01/11 PAIR AUD/USD E/TIME 07:34 CONT -1 E/PRICE 0.99830 EX/TIME 07:49 EX/PRICE 0.99649 PIPS 18.1 TOT/PIPS 49.1 $AUD 181.37 DATE 06/01/11 PAIR AUD/USD E/TIME 07:07 CONT +1 E/PRICE 0.99705 EX/TIME 07:30 EX/PRICE 0.99819 PIPS 11.4 TOT/PIPS 60.5 $AUD 114.23 DATE 06/01/11 PAIR AUD/USD E/TIME 00:35 CONT -1 E/PRICE 1.00014 EX/TIME 01:20 EX/PRICE 0.99846 PIPS 21.8 TOT/PIPS 82.3 $AUD 218.03 DATE 05/01/11 PAIR AUD/USD E/TIME 23:30 CONT +1 E/PRICE 0.99923 EX/TIME 00:28 EX/PRICE 1.00117 PIPS 19.4 TOT/PIPS 101.7 $AUD 194.03 TOTAL $AUD 1,018.30 TOT/PIPS 101.7 It was good trading with the guy’s again, fun all round Cheers 1pipatatime

Trades for today. DATE 05/01/11 PAIR AUD/USD E/TIME 01:02 CONT -1 E/PRICE 1.00625 EX/TIME 01:28 EX/PRICE 1.00300 PIPS 32.5 TOT/PIPS 32.5 $AUD 323.37 DATE 05/01/11 PAIR AUD/USD E/TIME 00:27 CONT +1 E/PRICE 1.00591 EX/TIME 00:57 EX/PRICE 1.00641 PIPS 05.0 TOT/PIPS 37.5 $AUD 49.75 DATE 05/01/11 PAIR AUD/USD E/TIME 00:15 CONT -1 E/PRICE 1.00703 EX/TIME 00:26 EX/PRICE 1.00592 PIPS 11.1 TOT/PIPS 48.6 $AUD 110.44 TOTAL $AUD 483.56 TOT/PIPS 48.6 Aussie set up well this am and now the challenge is not to go back to the market today. Cheers 1pipatatime

Yeah get a coach or what I do is go through a few questions like ; whats working? whats not working? what do I need to let go of to get my trading working? what do I need to take on to get my trading working? who am I being around my trading? who am I required to be to get my trading working? If that does not work seeking counseling with someone who will tell you striaght what they see is going on. Friend or Professional, you'll know when you have it sorted as your trading will improve. cheers 1pipatatime

Since I have just come back from a xmas break in which I have learnt to relax again and decided to trade for fun instead of pressuring myself to reach new limits, I'm getting myself back into the groove by trading demo this week and going live on Monday. So here are my results for the day DATE PAIR E/TIME CONT E/PRICE EX/TIME EX/PRICE PIPS TOT/PIPS $AUD 04/01/11 AUD/USD 09:00 +1 1.00745 09:19 1.00846 10.1 10.1 100.29 04/01/11 AUD/USD 08:01 +1 1.00650 08:40 1.00769 11.9 22 118.16 04/01/11 GBP/USD 00:32 +1 1.54799 01:01 1.54905 10.6 32.6 104.42 04/01/11 GBP/USD 00:17 -1 1.54928 00:29 1.54781 14.7 47.3 144.65 TOTAL $AUD 467.52 Feels good getting the rust out of the joints and the brian looking forward to rest of the week and going live again next week. Daily target starting from next week which is only 20 pips per trading day compounding after every 20 pips. Before anyone gets carried away it's only a game and the most it will cost me is a mini contract which is only around $30 AUD Trade Invest Amount Pips Percent Profit 1 $29.62 20 67.5% $20.00 2 $37.62 20 67.5% $25.40 3 $47.78 20 67.5% $32.26 4 $60.68 20 67.5% $40.97 5 $77.07 20 67.5% $52.04 6 $97.89 20 67.5% $66.09 7 $124.33 20 67.5% $83.94 8 $157.90 20 67.5% $106.62 9 $200.55 20 67.5% $135.41 10 $254.71 20 67.5% $171.98 11 $323.51 20 67.5% $218.43 12 $410.88 20 67.5% $277.42 13 $521.85 20 67.5% $352.34 14 $662.78 20 67.5% $447.50 15 $841.78 20 67.5% $568.36 16 $1,069.13 20 67.5% $721.87 17 $1,357.88 20 67.5% $916.82 18 $1,724.61 20 67.5% $1,164.44 19 $2,190.38 20 67.5% $1,478.92 20 $2,781.95 20 67.5% $1,878.35 21 $3,533.29 20 67.5% $2,385.64 22 $4,487.55 20 67.5% $3,029.95 23 $5,699.52 20 67.5% $3,848.26 24 $7,238.83 20 67.5% $4,887.59 25 $9,193.86 20 67.5% $6,207.61 26 $11,676.91 20 67.5% $7,884.13 27 $14,830.56 20 67.5% $10,013.44 28 $18,835.94 20 67.5% $12,717.84 29 $23,923.07 20 67.5% $16,152.62 30 $30,384.12 20 67.5% $20,515.05 31 $38,590.14 20 67.5% $26,055.68 32 $49,012.41 20 67.5% $33,092.69 33 $62,249.48 20 67.5% $42,030.23 34 $79,061.58 20 67.5% $53,381.59 35 $100,414.21 20 67.5% $67,798.67 36 $127,533.68 20 67.5% $86,109.46 37 $161,977.46 20 67.5% $109,365.56 38 $205,723.69 20 67.5% $138,902.58 39 $261,284.72 20 67.5% $176,416.83 40 $331,851.45 20 67.5% $224,062.78 Cheers 1pipatatime

This is just me having somewhere to keep my records as I'm trading in different place's until the end of March. Just to let a few of you know who are interested, I'm a compulsive trader and I'm working on reaching a target per day and switching off or I have been told by GF that there will be a conversation to be had. And everyone knows if the women gets X we get O So this is about me reaching my target which is 20 pips per day and switching off unless on the day's that I'm trading with a group (where I can trade for longer) and trading to a time line instead. cheers 1pipatatime

Hi Guy's I have a target every day and trade accordingly for that. If that means 1 trade then that’s all I do, but if that takes more than 1 trade so be it. It all depends on why your trading, I personally trade to have fun and test my skills and I always look at my results good or bad and analyse what I did well and where I can improve my game plan. With stops I personally use the previous swing low/high + or – 1 pip, depending on the market conditions and which entry system I’m using my stops are generally less than 10 pips and yes I’m a scalper. 1pipatatime

Hi Attila, If you are trend fighting as you say, it comes down to being confident in what you are doing. With all trading systems theirs the begining, management and an end to the trade. I'll explain what I do with defining the trend. Whatever you are using to define the trend wether it be swing points higher/lower or tech indicators or multi time frames etc. Ask yourself some questions like (relate these questions to identifying the trend for now) What do I have to let go of to move forward with my trading? That I know all there is about trends and identify the trend and so on What do I have to take on to have this endeavor become successful?That the anwser is out there somewhere and I'll have the anwser soon What are my strengths as a trader?That I work hard and am a excellent trader and so on What are my weaknesses as a trader?Sometimes get impatient, get distracted by friends and family at times and so on What worked with the trade?Entry point was good, management was good, exit was good What didn't work with the trade?I was going against the trend and got pig headed about it and tried to force the market and so on What can I do to strengthen my trading system?Follow the rules for identifying the trend or establish rules that identify the trend with a higher probability of success and so on Who am I being around my trading?At the time of the trade I was being a stubborn pigheaded SOB etc What is the diference btw an elite trader and me? (then dealing with those difference's)I was trying to force the market etc, an elite trader would not be attached and trade to his/her criteria/trading plan etc. Then explore what you see as a weakness in your system and see if you can turn those weaknesses into strengths, and above all you are only exploring the whats so of the way you are trading, so don't make it a right and wrong conversation or a good and bad thing its just the whats so which gives you an area that you can work with. Cheers 1pipatatime

Hi Attila, I hope you dont mind if I share with you about the subject you mentioned above. I got into this conversation with a few of the guy's that I trade with on a Monday night in Melbourne. A few of them went down the same track making statements like you have "A child would manage trades better than I". All this shows is that you wish you had a better system around managing your trade and at the moment of your post your mind was unwilling to look at improving your technique in this area, which without knowing you I would suspect that if someone offered you a suggestion that would impower you in this area you would have a look at it. Basically its just a mind thing, when we as humans get into a right and wrong conversation, espeically as traders it disempowers our ability to trade at our peak. We tend to start putting ourselves down and create limiting beliefs/structures around our self worth and then do our best to inforce these beliefs. Let me put this in easier terms I'm starting to ramble too tired, if you are in a position where your trading system causes you to get emotional or to question your ability as a trader and you are unsure what to do about the situation and are totally blocked, ask yourself a question like "If I did know what to do now, what would it be?", this tends to unleash the creative juice's of the brian and you maybe surprised at what idea's you come up with. One other thing before I log off and go to bed, the thing that helped me a lot was allowing myself to be present to what I had accomplished or learned from when I first started. Oh and I stopped giving myself permission to make myself wrong or feel inferior and started to appreciate the skills I do have. Hope this helps Cheers from the tired 1pipatatime

Thanks and your welcome MadMarketScientist, the only other thing that I would add here at the moment (being the early hours of the morning from where I'm from) is when I first started in this profession I didn't focus on the dream, I focused on perfecting a system that worked for me and then worked on executing the system according to my rules and only ever focused on the dream after I had finished my trading for the day/session, which included analysing every trade I did for the day to see where I could improve my skills. I learnt that from Micheal Jordan. cheers 1pipatatime

Hi All, Have not been around for awhile but the heading of this thread caught my attention. I have been living off my trading for the past 15-17 years and would not have it any other way, the freedom that trading provides is fantastic. I think I retired from the working life at 28 so yeah I'm an old fart now. The isolation that people have mentioned is true, when I first started trading and especially when I first retired I traded so much that I forgot how to speak to people, if they didn't have a screen and a mouse what were they doing infront of me, whats that noise they are making, don't they know the only way to communicate is with trendlines, indicators and such. Thank god for friends, I woke up to myself when a friend knocked on my door and asked to speak to the vampire living there, since I only came out at night to obtain food. These day's mylife style is totally great I only trade for a few hours a month (unless I'm playing a game with a few mates) to obtain my income to support my life style. Trading IMO is all about learning how you either react or respond to the market and I find responding to the market works alot better than reacting. What helped me with my life was when I came across a list of questions which I applied to trading and all area's of my life. What do I have to let go of to move forward with my trading? What do I have to take on to have this endeavor become successful? What are my strengths as a trader? What are my weaknesses as a trader? What worked with the trade? What didn't work with the trade? What can I do to strengthen my trading system? Who am I being around my trading? What is the diference btw an elite trader and me? (then dealing with those difference's) With other area's of my life I just replaced the word trader with whatever else it was. To combat the isolation I just taught my friends to trade like me so they could enjoy the life style that I have and we also trade together at least once a week. Trading IMO is the best, it beats having a job, but it is also not for everyone just those who are willing to go the extra mile. Enjoy the game 1pipatatime

Hi Guy's here is a market time converter site which refreshes evey 5 minutes. www.forex.timezoneconverter.com Cheers 1pipatatime

P.S Congrates on Friday, was it live or demo? Cheers 1pipatatime

When you get confronted by pulling the trigger you are trying to get it right or you are trying to be a perfectionist. The thing that you need to keep in mind (this is what I deal with all the time) is that you need to think of the trade as a probability, what is the probability of the trade going in that particular direction and if it is in your favor then pull the trigger. cheers 1pipatatime

Good post "Also, to get into the trade quicker, when the 3 min stoch has crossed and confirmed, enter the trade when the price hits the black MA on the 1 min. If you wait until the MA 13s cross and price opens on the other side, a whole lot of action has already passed." With this here (above quote) only do this with the trend or when the 5 minute stochastics are at extremes, then wait for the 3 minute stochastic to cross on a confirmed candle and then wait for price to cross the 13's on the 1 minute chart or for the blue RSI to cross on a completed 5 minute candle to be safe. When you get more comfortable with your trading you can be more aggressive but for now just take on learning one aspect at a time as to build up your confidence with the system. Always trade with the trend and only go against the trend when the indicators have confirmed the change. Just to make sure everyone has the trend worked out. The top half of the charts (13's) are the major trend then there is the lower half which is the trend within the trend. Then we have the 15,30 and 1 hour charts telling the trend. Then we trade of the 5 minute trend using the 3 & 1 minute charts. Cheers 1pipatatime

Firstly just to let you know I will be in S.A on Saturday for a couple of weeks and there is a coaching session on the Sunday from 5pm. Now the safest way of entering a trade is to wait for the 5 minute 13's to be heading in a direction and waiting for the 1 minute Stochastic to then go to the extremes supporting the 5 minute 13's and entering when the 1 minute stochastic crosses. I will be going through this on the Sunday evening. Hope this helps 1pipatatime