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Hi Jinhar,
Thank you for putting together this great thread!
Your methods and wisdom are duly noted!!!!!!!!!!!
I am certainly going to rethink the way I have been trying to trade and adopt an easier method!
Look forward to more and will try to contribute as well.
So you practiced a lot on sim and think you are ready to trade live like you did on sim ? think again...
Trading live and trading on sim are completely different stuff .. Trading sim is like playing boxing on a video game while trading live is live boxing when u get hit in live you will feel the pain ... So how to shift from sim to live ? well 1st thing you will need to do is start trading at the least amount of tick value and get the feel of live market get the feel of your emotions 1st .. note i say emotions because well in live markets thats the most important .. trading live is not mastering your system but mastering your emotions if you want to make money learn your emotions and you will make money .. So if you are thinking to go live 1st trade of small and get a feel for markets for 2 weeks see how your emotions react see if you can hit your daily target see how well you take losses once you do that and feel confident move ahead and trade higher leverage .. remember this ain't sim where you wont feel any pain here it hurts and better be safe...
Maybe someone who has picked up the his method would like to start a new journal?
I have studied what he shows a lot doing currencies, but could never make huge profits or consistency. I do believe it is probably the simplest form of trading profitably though.
Sorry for being away for so long but certain things are not in my hand .. my dental surgery is taking a lot of time then i originally expected and lots of other stuff blocking my time ... i will start posting soon hopefully hope you all had and will continue to have great trading session .. Cya all soon
Okay Back again ... Wanted too take things slowly so traded euro and traded back on tick charts . Took two A setups 1st long which ended in be as price dint went up till my target area so took that out at Breakeven . 2nd was a setup towards short and that worked like a charm for +20 ticks .. Hope you all are having some nice trading sessions.