I hope I’m not flogging a dead horse but from my post #1532 I wrote about how reducing my lot size from $10/pip to $1/pip removed my fear of losing. It’s those gremlins, demons, inside all of us that want us to make a killing to better our standard of living. By following the gremlins [...]
Belief Statement from a professional CME Floor Trader For those of us that are battling our psyche, emotions, the little man inside our head and the guy in the mirror when we are trading, I use a Belief Statement I got from a professional CME Floor Trader. I read it before each trading session and [...]
AUDUSD: Weekly: Made a higher low at major support but still has some downward momentum left over from the last down cycle. The retrace could only manage 32.8% and with the 20 paralleling below the 50 it is telling us there are still lower prices ahead. This week’s higher volume suggests a shot at major [...]
This is my 17th year of trading having traded everything that you can hold, eat, smell, taste and grow. I started out on the Daily time frame, blew numerous accounts and over $200K. I have bought books, videos, tapes, dvds, systems, black boxes, and paid stupid, stupid money to attend seminars by those famous $million [...]