greetings Themandownunder,
that sounds swell. I will be sure to try and contact him then. Thank you for your assistance. It is great to know that even FX enlightened people still take the time to comment on these threads and help out those still chewing the basics.
ps I am from the west suburbs of chicago, us of a
Tuesday’s trades
Trade 1
Entry 1.52375 @ 1214hrs long
Exit 1.53228 @ 1254hrs
Profit 85.3 pips Total 85.3 pips
Trade 2
Entry 1.53584 @ 1350hrs short
Exit 1.53297 @ 1419hrs
Profit 28.7 pips Total 114 pips
Exited trade 1 early as I needed a pit stop other wise would have stayed in as the 15 minute looked good.
cheers
Themandownunder
Hi pipnewb24,
I was speaking to Lance on the weekend and he said he was looking at going over to the USA in mid 09 for business and a Holiday.
Just in case you want to organise something?
cheers
Themandownunder
Hi Everyone, have taken a break for a couple of day’s.
Got together with a friend today (risingthree) and organised our trading time for the next 3 weeks with the aim of generating an income to replace our income.
Our aim is to get a minimum of 100 pips per day and then put 50% back into the next trade and use the previous swing point as a stop loss (in other words keeping our stop loss tight as usual).
The day’s that we will be trading are
Dec 23, 24, 29, 30, 31
Jan 2, 5, 6, 7, 9
If we achieve our desired results then we will continue after quitting our jobs.
Both of us have put in a lot of work in for this day and if we fail then its only a $100 dollars down the tube but if we succeed then we will back the 50% back into the next trade down to around 10-20%.
Support structures will be our mentor who has been there and already blazed the path for us.
My trading results have been good and I feel ready for this challenge.
My mentor said if I really am determined to do it he will support me and Risingthree but made it clear that if we loose the $100 first then we go back to trading 1 mini contract.
From his comments I belive he wants me to trade the way I have been and that is take what the market gives me, but then he said that I remind him of himself when he got started and did warn me to keep my patience in check when trading.
So we will see from tomorrow how things go.
Results will be posted and what my thoughts and challenges will be as well.
cheers
Themandownunder
Hi Themandownunder
Thanks for posting your trades.
Do you trade any pairs other than GBP/USD?
traditionally thin volumes over the trading period that you intend building your stake make it trading from indicators at this time unreliable—perhaps that can be your first excuse (didnt your mentor inform you of that).
i was looking forward to seeing your results for the 23rd and 24th - you havent blown your $100 already - have you?
Anyway goodluck and join the dream - which broker are you using?
Hi Themandownunder,
Just a quick message to let you know that I have signed up at babypips to keep an eye on you. (just kidding)
First thing is take the credit for where you are now, you have come along way.
Second is it is not always easier to trade with someone to reach your goals as sometimes you will be concerned about your trading buddy, about their performance or what you think they are thinking about you.
I know your trading results have taken a beating lately but look at what you can learn from this (what has the situation taught you about yourself), and use this infomation to improve your mental toughness to stick to your trading rules.
By the way this reminds me to the fact that you have not sent me your trading results for the past week, make sure you get them to me by Saturday am so I can go through them.
The last thing I want to leave you with is look at why your always putting pressure on yourself with short deadlines, remember trading is a business and it needs to be taken seriously yes but learn to relax with it. Respond don’t React and stop making yourself wrong.
“HOW YOU DO ONE THING IS HOW YOU DO EVERYTHING” Ring a bell
Remember LEARNING PHASE, EARNING PHASE, MASTERY PHASE
Cheers Mate
Loaded (guess who)