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Showing posts with label Market Analysis. Show all posts
Showing posts with label Market Analysis. Show all posts

Saturday, 10 January 2015

Consistency is Everything

I just want to say, Consistency is everything. 




Trading is ALL about Consistency. If you find a system, you do reasonable backtesting and some forward testing and you find that it gives you a statistical advantage (an edge) then the next step to take is simple. Just trade it. 

One must stay consistent. IF you keep adding or deleting indicators to your chart day in a day out you probably are not consistent. And how can you be consistent if you keep changing the environment for your mind and your eyes. Your eyes must see the same picture over and over and must not expect changed picture everyday. Meaning, if you keep using different templates on a weekly or daily basis, consistency will be hard to achieve. 

Beware The Template Syndrome: So I urge everyone to select a template and then forget about other templates. If you're like many of us, you probably have over a dozen templates in your mt4. I've seen some people when they click on their templates button two or 3 columns appear, yes hundreds of templates. But that leads to nothing. Our first indicator is price, you can add 2-3 more derived indicators anything more than that would just complicate things. Trading is ALL about consistency. and "Consistency = Patience + Discipline. "




If you want success in trading you must treat it as a business. You must be thorough. You must keep a journal and record everything. Accurate recording leads to better faster learning and helps with consistency. In a phrase successful trading is nothing but acquiring a personality trait. Being Consistent.



Let this be your new years resolution. To remain consistent so that you may find success and remain consistently profitable. 

Tuesday, 2 September 2014

Do You Want Daily Live Minute by Minute Step by Step Market Analysis?

Hi

Have you ever been a part of a vibrant loving and helping trading community? I doubt it.

Over the years I have found that it sounds like a great idea to every one that if they can just access a good trading room they will be able to see what others are doing and learn to trade from them. But it does not happen because the environment in the trading rooms is poor, negatively charged and just not good.

I don't know how, but in our chatroom we have managed to create an environment where you will find love, respect and great trading and learning environment. In fact I urge all the AIMS members and future members to commit themselves to be part of the chatroom. Why?


  • Because you will learn to Identify The Setup - How to Make Entries . 
  • You will have the chance to see the setup develop as the charts are printed minute by minute. 
  • You will be able to ask questions during the sessions and fully understand what the Setup is. 
  • You will also get prompted to possible Buy and Sell orders with Stop Loss and target point levels. 
  • All your questions will be answer instantly. 
  • You will see what others are doing and how individual traders end up trading the same market a little differently every time. 
  • You will gain confidence while you're surrounded by safety cushions. 
  • You will learn about Risk and Reward
  • You will learn about statistics and probability :)
  • And you will LAUGH! and Have Fun .... 

When is it too late or too early to buy a pullback? 

In order to answer this question first ….  Let’s quickly do some repetition. Let’s quickly do some repetition.  Let’s throw in some trading ...