A Newbie Journey To Financial Freedom
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thread: A Newbie Journey To Financial Freedom

  1. #1

    A Newbie Journey To Financial Freedom

    Although I nearly have traded 5 decades, but I am a newbie. This is a journey of newbie.

    The beginner of trade like me was drawn by the term Financial Freedom, but the way is really filled with thorns. I discovered hard here and there. At the begining I utilize the egy of Britpip7's TMS for Day Chart. Since I change some details to adapt to myself, so I open this thread to record my journey.

    Disclaimer:
    Any transaction or analysis related remarks made in this thread by myself or any other person on this thread shouldn't be interpreted as anything other than a point of view by the respective poster rather than as advice to enter or exit a transaction.

  2. #2
    EURCAD

    Boss
    Price break from the WCC, will re-test next Service 1.5200.

  3. #3
    Junior Member ahorameves's Avatar
    17
    #1 Trading Plogy - the Basics 1) 2) Plan 3) Discipline 4) Accept the LOSS 5) Goal
    Rule No.1 should be: have a strong advantage.

    The remainder are optional or secondary

    never overlook that


  4. #4
    #2 Trading Criteria

    Rule 1 - Capital Preservation
    Rule 2 - Trade with STOPLOSS
    Rule 3 - ALWAYS Commerce at the direction of the Fad
    Rule 4 - Do Not OVER TRADE
    Rule 5 - Do Not trade in Merge zone or S/R zone
    Rule 6 - Do Not Include lots on LOSS TRADE

  5. #5
    EURUSD Trade - 20171213

    #1 - Analysis

    1) BOSS

    a. Dominant Trend is UP, but not make Higher High
    b. Pre-candle change colour and closed below 7MA

    two )Employee

    a. IMMEDIATE Trend is DOWN
    b. Pre-candle is BEEB

    3)H4

    a. APB change color and BEEB

    #2 Trading PLAN

    a. Entry TF: H4
    b. 1order available at market price, [email protected], [email protected], Risk=1 percent, pre-candle closed to confirm
    c. 2pend sell stop order @1.1710, [email protected], [email protected], Risk=1 percent, overall Risk=2%
    d. TS: 2-Bars Trailing Stop
    e. If candle not closed below 1.1730, then this plan is invalid.

  6. #6
    EURUSD
    EURUSD Trade - 20171213 #1 - Analysis 1) BOSS picture a. Dominant Trend is UP, but not create Higher High Definition Pre-candle change color and closed below 7MA two )Worker picture a. IMMEDIATE Trend is DOWN b. Pre-candle is BEEB 3)H4 picture a. APB change color and BEEB #2 Trading PLAN a. Entry TF: H4 b. 1# order available at market price, [email protected], [email protected], Risk=1 percent, pre-candle closed to affirm c. 2pend sell stop order @1.1710, [email protected], [email protected], Risk=1 percent, overall Risk=2% Nominal TS: 2-Bars Trailing Stop e. If candle not closed below 1.1730, then this egy is...
    LOSS -80 pips

    What error I made?

    1- I'm more anxious, be afraid to miss the chance, rather than wait affirming that the breakout of Day Support.

    So the lesson learned is: Keep PATIENCE and Wait for CONFIRM

    Learn from your MISTAKES and Keep PERSEVERING. __Strat

  7. #7
    #3 Learn Quotations Daily

    1- the best way to combat trouble with trading pshcology is by making a trading program and STICKING for it.
    2- do not try to stand in front of the PRICE, then expect if it to stop and suddenly go the other way... even if it's going slow.
    3- constantly know ALL the trend of the time frame are trading AND understand which portion of the fashion you're in.
    4- FORGET ABOUT REVERSALS - which is high and bottom trading which just LOSERS trade.
    5- the greater time frame RULE the Lower
    6- the best indior for anything is between your ears.

  8. #8
    Junior Member ElTipkEmsi's Avatar
    25
    Good Job! Love it.

  9. #9
    Junior Member ElTipkEmsi's Avatar
    25
    EURUSD quote LOSS -80 pips Exactly what error I made? 1- I'm more worried, be afraid to miss the chance, and not wait confirming the breakout of Day Support. So the lesson learned is: Keep PATIENCE and Wait to CONFIRM Learn from the MISTAKES and Keep PERSEVERING. __Strat
    Good setup, but it is FOMC day. Anything can happen.

  10. #10
    Great Job! Love it.
    aha, welcome!

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