Which Markets to trade this week? Sunday Forex Chart Analysis and Trade Ideas

Sunday Analysis Video for the Week Ahead 

Hi, hope you are having a good weekend.

Earlier this month I had shared a video idea on tradingview about the Euro Dollar. Find out what happened NEXT.

What is the USDCAD doing and could you still trade it short?

WATCH HERE to Find Out What Markets to Trade Next Week? 

Hope you enjoy it and if you do please don't forget to hit the LIKE button and leave a comment if you have a question or a suggestion. 

AUDUSD Hit its Target Point [Updated to Last Video ]

Furthe to my video A Look at the Week Ahead 17 Oct - 21 Oct 2016 from

AIMS Stress Free Trading on Vimeo. I have a FREE Update for you. Hope you enjoy it. I think my little "prediction" (if can use that word)  about a setup on AUD/USD was pretty interesting. We did take a Setup 1 long trade on it which hit its target point. WATCH BELOW





Below is the previous video once again



A Look at the Week Ahead 17 Oct - 21 Oct 2016 from AIMS Stress Free Trading on Vimeo.
A Look at the Week Ahead 17 Oct - 21 Oct 2016

www.iTradeAIMS.com



Update to this video is here: AUD/USD hit its target point https://vimeo.com/187738405

Glaxo Smith Kline Going down...

Hi,

Just wanted to show a few trade setups we took in the last few weeks.

#GSK, #GlaxoSmithKline #Goingdown and finally recovering a bit. We took some profits and letting the rest run. See where it goes

You might notice a trade management EA. Its one of the best and certainly the best for AIMSters. Designed and Coded by Julius and Steve of www.for-exe.com. Both excellent guys and great coders. If you can think it, they surely can code it.


Next
#GBPUSD #CABLE

Next

The #SingaporeDollar #usdsgb is going into what we would call a possible wave 5 down. It could touch or may even go beyond/below 1.35000.

 


Learn to Trade Like a Pro >>>> JOIN TODAY

The GREAT Secret Remedy to Get Rid of FEAR

I share with you a technique that I have been using for a while but only recently found words for it to be explained and shared with others . 

Its been part of my unconscious self now I have found it on the conscious plane so that I can share it with you. 

(perhaps this was not necessary to mention, but anyway) 

The way to get in to the zone is to "create" conditions "Deliberately if possible" that allow you to enter and/or remain in the zone. 

The Four Conditions:

1. Enjoyment: If you enjoy trading then you won't need anything but we all know if you enjoyed it you won't be scared or if you were not scared you'd enjoy it anyway. if you cannot find ways to enjoy trading on its own yet then do something that puts you into that mood e.g. a song of your choice or a picture or whatever (wank? hmmm may be) The T20 Principle can effectively divert bring the focus of your attention from avoiding losing trades or hitting winning trades to "being disciplined" and following your rules. If you do this exercise enough times you will find "Gratification" in following your rules instead of the "result" of the individual trades. TRY IT. 

2. Focus: This is something you can deliberately enforce on yourself. Focus on the objectives. Focus on the chart, and focus on the indicators and information that is in the now. Don't allow your thoughts to go back in the past or jump into the future. Don't make associations and try to fill the "uncertain" future with anything from your thought process. Just be in the now and stay there. 

3. Relaxation: Use any of the techniques discussed in our ebook AIMS - Activating the Zone eBook to help you to relax. There are techniques we need to apply out of trading hours (these will keep you generally calm and relaxed in normal life) as well as techniques for instant effects during trading hours on spot (these technique will help you relax during a trade or a session). 
One easy one is this

>>>>>>>>>>TAKE A DEEP BREATH. focus on your breathing. ahhhhhhh feel better. <<<<<<<<<<<<<

4. Self Trust: How do you trust yourself, you ask. Well its a process. You have to "consciously" and deliberately "force" yourself to take signals and follow your plan numerous times and that will gradually build this "confidence" in self step by step. Its akin to driving. You have to watch every thing carefully and try to do it as perfectly as possible. Repetition is the Mother of all SKILLS It may be uncomfortable at first but it will only get better with practice. 

Perhaps, most of you know the above already if you've read my other stuff but why am I repeating it? 
Because after bringing the above into conscious awareness right now, we are ready to know the next bit. 

The GREAT Secret Remedy to Get Rid of FEAR

If you experience FEAR you have a great information at your disposal. Don't resent it just accept that you are in the state of fear and acknowledge its existence. As soon as that happens you gain the upper hand. Because now you are AWARE, you are CONSCIOUS. 

You know you ARE scared. Here is what you do next 

Be GRATEFUL. Yes, start with being grateful for "being scared" Say Thank You, say thank you to yourself for feeling scared and experience the fear or stress because your mind is doing you a favour and "protecting" you for what it "perceives" as a "threat", something that may harm you. 
Lets acknowledge that your mind is 2 million years old designed to protect you from those dangerous animals from EATING YOU alive or tearing you apart. 
(The CROODS)
  

Contrary to the false perception of your mind the things in the market are NOT THREATS or DANGERS. 
You've got everything in control. 
1. You have a mechanism to LIMIT YOUR LOSSES. You put a limit on your loss and 
2. You have a mechanism to INCREASE YOUR WINS, 
3. You have employed a formula that gives you an advantage in the markets and helps you CREATE profits. You have a statistical advantage, an edge and
4. you have mathematical formula that would help you grow your account at an exponential rate. Yes, Compounding. 
Remind yourself of the power of "Compounding" and Asymmetric risk rewards. 

"Eat Like an Elephant and shit like a bird" hehe 

Now, after being Grateful for this SIGNAL of Fear and swiftly move to being grateful for other things in your life. Anything that you can think of, anything that you acn see. How about the eye that you are seeing this with? be grateful for tiny little things and the big major things in life. 
In a few moments you will find that there is no more FEAR. FEAR cannot exist if your are GRATEFUL. Being GRATEFUL and being scared cannot co-exist. 

Do not FIGHT Fear, simply shift the FOCUS of your ATTENTION to GRATITUDE 

Try it you will thank me later!

How to FIX Mistakes?

·       At the end of the day ask yourself, “Did I make a mistake?”  -- Where a mistake means you didn’t follow your rules.   And if you don’t have any rules, then everything is a mistake.

·       If you didn’t make any mistakes, then pat yourself on the back.  And if you lost money, but didn’t make a mistake, then do it twice.

·       If you made a mistake, then determine the conditions that lead up to the mistake.  How might that happen again?

·       Now determine several effective responses to those conditions.   And rehearse yourself performing them because this will make it automatic for you.

Use this procedure on a daily basis because it works.

Procedure by Van K Tharp

Chart Density - Did you Know?

What is Density and What is a Low Density Chart? 

If you day trade or trade the lower time frames you should know about this concept. It will save you a lot of lost pips.

Density is Defined as following in general terms
noun
1. the degree of compactness of a substance.
"a reduction in bone density"
synonyms: solidity, solidness, denseness, thickness, substance, bulk, weight, mass; More

IN COMPUTING it means:
a measure of the amount of information on a storage medium.
noun: packing density; plural noun: packing densities
"a low-density floppy disk"

In PHYSICS it means:
the quantity of mass per unit volume of a substance.
the opacity of a photographic image.
2.
the quantity of people or things in a given area or space.
"areas of low population density"

In Trading it means:
Density means the quantity of pips within a candle or a given chart space. In general the higher the time frame the higher the density.

Stop Worrying and Start Trading

This song has a great message for all the traders!

4 great articles on successful forex trading

I'd like to share 4 great articles about successful forex trading. They cover the most important aspects of trading successfully.

1. Four  Self Defeating Trading Habits you need to break  by Nial Fuller - Nial is a an awesome trader and a gentleman. Visit his website for great trading ideas and more amazing content.

2. Beginners Guide to Metatrader  If you're completely new to trading or forex trading this article has great information on how to use the most popular forex trading software.

3. Learn Forex Trading at the School of Pipsology So you'd like to learn to trade forex? Well look no further. Visit Babypips forex trading school. They have put together all the information one needs to learn to trade the amazing currency markets.

4. The art of Position Sizing for Forex Trading The difference between novice traders and experts may be simply their understanding of risk and position management. Professional traders know when and how much to risk and how to manage their risk.

Hope you enjoyed these articles. If you'd like to be notified of new posts to my blog please subscribe to our mailing list (Look to the right of your screen) 

5 Steps to remedy Fear of Trading

I won't be surprised if you told me that you get scared of making a loss or simply the thought of taking a trade makes you shiver.

A lot of traders suffer from this syndrome. In fact the only thing that stops many of traders from becoming successful traders is this factor. The Fear Factor. But there is a simple simple remedy. If you want to experience real Forex Trading Success and Manage Consistently Profitable Currency or Stock Trading Business read below.

You have to get rid of the fear factor. There is a simple formula I'd like to share with you. Its worked for me and it worked for a lot of other AIMS Traders. Hope it works for you too.

Step 1. Get yourself in to the No-Risk Zone. There are two types of No Risk Zones. The first one is

Step 2. Demo Trading: Almost all of the forex brokers have free forex trading software available. So start trading with aim to double your 5K demo account. Double it using correct trading. e.g. Using our Classic Trading Methodology. AIMS Stress Free Trading Classic Strategy.

Note to Remember: No lucky trades are allowed. You must trade properly and take trades and manage them using the rules of your proven strategy.  Like Mark Douglas suggest in his book Trading in the Zone, Don't judge individual trade judge a bunch of 20 trades and then see how many of those trades you took were according to rules. Eliminate those where you made a mistake. You cannot allow yourself more than 1 trade in 20 trades where you made a mistake. A Mistake is not following your trading rules. 

Step 3. When you've achieved Step 2 its time to do it again. Oh yes,  time to double it one more time.

Step 4. this is now an important step. When you've achieved Step 2 and 3,  its time to start micro lots and see how it goes. Micro Lots are smaller lot sizes that nearly all brokers now allow you trade with. If you still feel fear, go back to demo.

Step 5. Enjoy your everlasting success


More on this Inside our Forum at www.AIMSForum.com (Members Only). To buy membership please click this link Buy Now. 

Forex Trading Harmonics

Hi

Just wanted to share something really nice. My friend, Steve has added a very useful bit of information to his website about Harmonics. If you're interested in Harmonic Patterns you might wanna have look at this its absolutely FREE.

We know that the market is a wave function and waves have an element of predictability. Using our proprietary  software we are able to predict the twists and turns of these waves but Steve's knowledge that he's shared freely in his blog is another such valuable rather priceless resource.

Please do have a look you'll love it.  Here is the link http://www.for-exe.com/harmonics.html 

Who Says December is Not Good for Trading?

A Day of Stress Free Trading for AIMS Stress Free Forex Trading! LOL

Here is one of the 'Subconsciously Picked and Triggered Trade' hehe

A simple lovely trade within the first half hour of London Open Session. Done for the day... but hey.... who told you to stop if you don't want to stop!!!

What December Month? What thin markets?

A Lovely 1.5% account growth. Now is that too difficult? well if you 'Think' it is, then it is, but if you 'Think' it is not, than its not. Its simple and could be easy if you just let it be. IMHO Join us Today to find out how you can make trading not only SIMPLE but Easy too!