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olso week no.6502, 6498 was signal sell---- ()
stop out 6477 tp1 25p, tp2 21p
later week no. 6526 was signal sell-------
stop out 6477 tp 49p ( later week no. 6498, 6502 was signal buy---- (olso week no. 6526 was signal buy----
Week no. are signals buy/ sell,trade week no. same no. all the week,every day ,24-h,5-days,trade with the trend -no indictors ,only week no.enter on week no.posted once a week on monday for all the week. use week no. as enter trade point.,news is just event that can speed up or down the price movment
rules:enter olso( +-)6-9p,or week no.
week no.(12/29/2013)
have a nice green week! ()
no one has ever lost by taking profit .........week no.
gu--6438, 6442, 6466, 6498, 6502, 6526, eu----3702, 3708, 3731, 3762, 3768, 3791key levels to watch 3630, 3652, 3698, 3734, 3761, 3842, 3893, 3922, 4014
Who the hell is still trading?
Either brokers trying to squeeze some extra at a last minute or some that are on a wrong side
stop out 3810 tp 19p, later,week no. 3791 was signal sell---- see week no. on post 14443
stop out 3761 tp 30p , later again 3791 signal sell------ ()
(an email i received earlier)
thought it worth posting, not sure where best to post it, but here seems a good a place as any, while tradings slow
IT....
It is time to revisit an ever important topic. I have been in the
trading and trading education world for many years. This has allowed me
to watch traders grow at different levels and reach different levels of
success, and failure. I have often wondered and speculated on the
difference between those who achieve success and those who fail. For
me, the answer lies in the proper definition of success when it comes
to trading, or any occupation for that matter.
Cycle of Trading Let me explain a scenario that I have experienced
hundreds of times with individuals going through trading education.
There was a gentleman back in 1999 who I met at a trading seminar. He
walked up to me before it started and introduced himself. He had been
reading my daily trading advisory letters and was very excited to meet
the face behind the letter and take the seminar that I was giving. He
explained that he had a family and that trading was going to be “IT”
for him. He wanted to make lots of money at it and do it for a career.
After the seminar, he thanked me and could not wait to get home and get
started on his quest for “IT.” A couple weeks after the seminar, he
sent me an email and said he was doing well but he said “Sam, if I
could only take all my stop losses according to plan, I would really
make “IT.” Time went by and I contacted him and asked him if he made
“IT?” He said yes. I said, “How is IT?” He said “IT” was good. He then
said that if he adjusted his rules a bit and added a moving average for
a trail stop, he could hold on for larger gains and really make “IT!”
More than a year went by before I heard from him again and when I did,
I asked him the same question, did you make “IT?” He said he did. I
asked him how “IT” was and he said “IT was good.” He also added that
his marriage was falling apart and he did not know where things were
going in his personal life. He said that he only needed to make a
little more money from trading than he did from his day job to quit the
day job and that this would be “IT,” this would save his marriage, his
family.
Let me let you in on something I realized long ago. “IT” is never “IT.”
The “IT” cycle will have you chasing an illusion of happiness your
whole life in many forms if you let it. If you are looking for “IT,” it
only exists in a much grander vision. This grander vision will meet all
your needs and become “IT” for you. I want to invite you into a simple
reality that most consistently profitable market speculators share.
They are not looking for trading to be “IT” for them. They have a much
grander vision. The best traders I know spend very little time trading
and spend less time talking about trading. They make plenty of money
trading and they use that money to feed the grander vision. One person
I know who has done very well in trading and bought 3 vacation homes on
a lake all next to each other. He has a family with many kids and
invites families who would not be able to afford to do this to stay at
these vacation homes in the summers. His life is all about his family;
that has always been his grander vision. Because of this, he is not
looking to change or improve his trading strategy, he does fine. In
fact, he never talks about his strategy, he would never waste the time
as he is too busy with his grander vision. I know his strategy and let
me tell you, I see many people come out of the Online Trading Academy
classes with better strategies that don’t make money because they are
always looking to improve the strategy so they can really make “IT.”
People who keep changing their trading strategy and keep taking more
and more seminars and read more and more books never make it in
trading. They are always looking for “IT.” From what I see, the
successful people at Online Trading Academy take the classes, become
graduates, and then go and run the strategy they have developed from
the education. They don’t rush off to take more and more seminars and
courses. The group that has taken every trading course around the world
and has read every trading book written is not the group that makes
money trading; this is the group that typically pays those who have a
grander vision.
In trading, the best outcome each day is more money in your account. If
you keep striving for more money, you will never be happy because you
will never have all the worlds’ money. How many times do men and women
get into relationships because they think that partner is “it” for
them? They are counting on that partner to make them happy and fill all
their needs and voids. These relationships always fail because the
other partner will never meet these expectations. So much pressure is
put on that partner to be “it” for that person. Trading is not all that
different. The pressure people put on themselves with unrealistic
expectations is simply setting you up for failure.
Why do I trade? The focus for me is the grander vision, not attempting
to attain all the worlds’ money. THIS is what allows me to run a simple
and successful trading strategy year after year after year. I have not
changed one thing about how I trade in many years. The income from
trading allows me to feed my grander vision. I have played hockey all
my life and still play in the most competitive leagues around. I also
coach kid’s hockey and that has been great for me. Many of these kids
can’t afford to do certain things that will benefit them. Trading
allows me to dive into these kids lives and expose them to things most
of them could not afford to do on their own. For example, I do have an
IPhone but not all the other gadgets however, I can afford them.
Instead, I felt much better buying these kids 1 year family memberships
to the fantastic museums in Chicago. Hhmm, loud music in my ears or
exposing a child to some of the best science, art, and history museums
in the world? If I wanted the I-PAD, Google Glasses, Galaxy Watch, I
would also want the I-Car, I House, and the I-life… You see, “IT” never
ends and in the trading world, this thought process will drain your
account. Instead of buying the latest power computer, my grander vision
had me buy the Dr. Seuss series of books for a local school in the area
that didn’t have a budget for new books. My grander vision is making a
difference in the life of children which will end up making a positive
difference in the world. That is what I spend most of my free time
doing. This just so happens to also allow a successful trading strategy
to run, there is no pressure of better numbers and more dollars.
The next time you have a few minutes and you are about to tweak that
trading strategy because your strategy, while profitable, may not be
allowing you to really make “IT.” Understand that “IT” is never “IT.”
You are likely chasing something that does not exist. You’re walking
east and west trying to find the North Pole. Instead, open your mind to
the possibility of a much grander vision which has nothing to do with
trading. In doing this, you may just find that the grander vision is
what will finally allow you to execute your successful strategy with
disciplined precision for the rest of your life. More importantly, this
grander vision is likely where you will find “IT.”
What if you are not a consistently profitable market speculator yet?
Don’t give up! Remember, most of your failures could have been
converted into success if you had continued on for a short time longer
or made a little more effort. With a positive attitude, you are ready
for all the adversity and short term defeat that leads to success. You
see, adversity is really a stepping stone requirement along the path to
success. Without the positive attitude adversity more often than not
leads to failure. When you eliminate failure as an option and remove
all escape routes you will be surprised how fast you figure out how to
succeed. What about Thomas Edison? He attempted to create the electric
light bulb only to fail 10,000 times. How did he press on with so much
failure? That all depends on how you define failure… He viewed each
failure as a very positive step in his quest because with each failed
attempt, he was eliminating a way NOT to produce the light bulb. The
more times he failed, the closer he was to achieving his goal. The same
goes for trading. So often, people give up just as they are about to
become consistently profitable. The next time you get discouraged
because of a few trades that didn’t work out, think of Edison’s 10,000
bad trades and the success that came from that failure. Next, once you
invent your light bulb, make sure you spend your life using it to feed
your grander vision, not trying to improve “it.”
Part2..
The purpose of this piece is to share some insights that may help you
create an amazing life with no limits. Everything we do in life is
driven by our belief system. Let’s move backward one step at a time.
Actions stem from behavioral patterns, and behavioral patterns stem
from beliefs. It is at the level of beliefs that decisions are made,
and moreover, where your ability to differentiate reality from illusion
lay. The reality is that you can achieve just about any goal you can
think of. The illusion: you think you can’t. When you live by a set of
core values and unshakeable beliefs you become stronger and less
fearful. Life is a journey, a long exciting marathon for which you have
the road map and control the rules. Without them you are tossed around
by the struggles of day – to – day life. At Online Trading Academy, our
core values and beliefs allow us to “live life in our hopes, dreams,
and goals… Not in our fears and doubts.” You can do this as well; it
may help you become a more successful person and trader. The challenge
is that people grow to be risk averse and with that mindset change
brings unknown fear of more risk. Risk of loss and failure are the two
big ones. We are all conditioned from a young age to not make mistakes
which is SO WRONG. The only way a person can overcome the state of
focus of risk and fear is by focusing on possibility and opportunity
that positive change will bring. That’s a hard exercise for the mind
because everywhere we look or whoever we talk to the communication we
will receive when opportunities come up is cynicism and doubt and not
encouragement to take risk.
An unshakable focus on your grander vision is the key to a life of
happiness with no limits.
For those who find that grander vision, please let me know.
Merry New year
stop out 6477 tp 49p ( later week no. 6498, 6502 was signal buy---- (olso week no. 6526 was signal buy----
stop out 6565 tp1 67p, tp2 63p, tp3 39p
stop out 3761 tp 30p , later again 3791 signal sell------ ()
stop out 3770 tp21p
Hope that this year will be more logical than the last one
Happy new year to all traders