ICT Forexmas 2014 / Market Maker Series

Peterma

Well-Known Member
Garry, didn't know that PH could be in my age bracket, it's more common for younger guys to get hung up in the market - PH, if you are reading, PMA - gulp it down and go back to .001 and start fresh.

Many years ago I learned the difference in UK and US attitude to entrepreneurs, in UK a failed business person is seen as exactly that - a failure. In US he is seen as a trier (ask D Trump).

Piper, you know sometimes when we post, little things can make a big impact. You mentioned T in Z so curiosity got the better of me.

Douglas is one clued up cookie, I am part way through it, don't agree with all he has said, but yep, he gets inside the head of would be traders big time.

I have read most of all the other trader shrinks, binned all their musings, but this guy is different.

Anyways, was going to post this in the feedback section, but like the early morning mist....:)
 

syzygus009

Well-Known Member
This was posted a few years ago, on BP don't remember who posted it. i quite enjoy reading it every now and then..


Whether I win or lose a trade, trading is my profession and it’s what I like to do. Great people have always faced challenges and failures – yet they become great. The past failures and challenges on the markets are never a deterrent to me. Markets wizards today were novices in the past. The road to success is bumpy indeed. Nevertheless, the resplendent reward of consistent success makes the pain of the past pale into insignificance. Whenever I visualize the joy of success, the glory of breakthrough, the pleasure of financial freedom, the luxury of attainment of goals – The benefits in trading are worth the sacrifices inherent in it. I’ll continue to move on.


Whether I win or I lose a trade, I’m still a trader and I’ll be a trader for as long as I live. A balanced trading life doesn’t preclude a normal person from having fun from other aspects of life. Trading is a holistic way of life: it’s a journey to self-discovery. A successful trader is someone who’s won one of the life’s most crucial battles. Successful traders worldwide, I salute you! You’re heroes and heroines indeed! You’ve discovered your true self. You’ve conquered your negative personality.


Whether I win or I lose a trade, I’ll never quit. Losers and winners are a normal part of the game. I was downtrodden and hopeless on the markets in the past, but I experienced a turnaround once I go to know the tips and tricks for survival on the markets, and I’m disciplined enough to follow them. Yes a trader may say he’s surviving the markets instead of saying that he’s successful. I was lucky to come across those with the right thoughts on the markets. For two real traders, there are ninety trading charlatans. There are too many crooks out there – too many wolves in sheep’s clothing. But I can’t be deceived anymore. I’m free from all their lies and marketing traps. I’m free!


Whether I win or lose a trade, I’m on my journey to trading mastery. Why won’t a warrior constantly pray for opportunities to show her or his prowess? I’m glad to be an experienced soldier on the battlefield of the financial markets. A soldier I am, yet I’m still learning. I’ll be a learning soldier forever, for the market is a complex thing. Trading being the second most stress-related job in the world, second only to disarming live nuclear weapons, can be approached with stress-reducing tactics. There are normal reactions to stress and these I know. Stress, just like risk, can be managed successfully.


Whether I win or lose a trade, I won’t show any childish reactions. I can be encouraged by a good trade, but I won’t be discouraged by a bad trade. Some others may abandon this way of life, but I won’t. People’ negative thoughts and comments on trading aren’t a headache to me. The outside world is very hard – harder than we may think. I’ll let go of the past and look forward to a brighter tomorrow. Trading is my niche; I’m comfortable with it. If you invest the time in becoming an expert then the financial reward can be huge. I’ll continue following the simple time-tested winning strategies. What good is the best system if in reality you’re incapable of ultimately trading it on a regular basis?


Whether I win or I lose a trade, I’ll be a successful trader. I just need to want it badly enough for me to be successful or it might be put differently, that those who fail as traders just didn’t want to be successful badly enough. I know it’s a fact that there’s no guaranteed method of being profitable in the markets. It should be clear, though; that the chances of success will increase if a chosen strategy is pursued consistently in a disciplined manner.


Whether I win or lose a trade, trading is an exciting world – a world of unlimited opportunities. Believe it or not, I’m moving up gradually higher and so you can. The me I see is the me I’ll be. Welcome to the world of financial freedom.


“(When it comes to trading mastery) You already have the mastery within you, waiting to be called forth… Mastery is walking the path, not the destination. Should you choose to walk it each and every day, what will you find?
 

the golden gun

RINSE & REPEAT
Fib Tool Breakthrough

Thanks to rod178 and Piper for inspiring this breakthrough...

not going to explain it, because I think it's all in the picture. I'll give you a hint in saying that the concept is Fractal ;)

keep in mind, as an example, it is an ideal. This isn't a trade setup, just a concept framed upon real data. Fiber on Nov.11 to be precise.
 

Attachments

rod178

Well-Known Member
Re: Fib Tool Breakthrough

the golden gun said:
Thanks to rod178 and Piper for inspiring this breakthrough...

not going to explain it, because I think it's all in the picture. I'll give you a hint in saying that the concept is Fractal ;)

keep in mind, as an example, it is an ideal. This isn't a trade setup, just a concept framed upon real data. Fiber on Nov.11 to be precise.
 

the golden gun

RINSE & REPEAT
Sell profile example...
and we all know the downside potential went way beyond what is shown here!
but trying to keep it simple, so maybe someone will see it...
 

Attachments

outthislife

Well-Known Member
the golden gun said:
Sell profile example...
and we all know the downside potential went way beyond what is shown here!
but trying to keep it simple, so maybe someone will see it...
I love how it perfectly hit the nearest OB.
 

the golden gun

RINSE & REPEAT
outthislife said:
I love how it perfectly hit the nearest OB.
I understand that it is impossible not to see what we've learned, but the concept isn't directly related to order blocks... it's a risk management concept.
 

outthislife

Well-Known Member
the golden gun said:
I understand that it is impossible not to see what we've learned, but the concept isn't directly related to order blocks... it's a risk management concept.
Right, I see. Sorry for butting in :)
 

the golden gun

RINSE & REPEAT
outthislife said:
Right, I see. Sorry for butting in :)
hey, don't apologize. I just wanted to make sure people knew I wasn't referring to the OBs...

there is an amazing insight in those 2 pics I shared...

but then again, 6R wins just don't impress some people ;D
 

rod178

Well-Known Member
the golden gun said:
hey, don't apologize. I just wanted to make sure people knew I wasn't referring to the OBs...

there is an amazing insight in those 2 pics I shared...

but then again, 6R wins just don't impress some people ;D
Put up a chart b4 the move and I'll be impressed
 

the golden gun

RINSE & REPEAT
outthislife said:
R is your initial risk. It is just a method of relating your reward potential to the value of your initial risk... So if your max risk is 2%, then

1R = 2%,
2R = 4%,
3R = 6%
etc.
 

Top