This article "hit the nail on the head" for me - excellent article. Thank you once again ~ I will read this article weekly.

Thanks for the feedback. Nice to meet you.

are you still selling the ebook? I have tried to contact you , but I have had no success. Any one know anything about the ebook?

'Did he leave money on the table -- he does care about how he "feels".'

did you mean to say 'he does NOT care about how he "feels"?'


The re-constructed belief (based on a lot of emotional labor) was the the market does care and has no intent in any direction toward me.

Did you mean to say 'the market does NOT care'?

Thx, enjoying your posts.

I think that using the terminology of Destroyer, Creator and Bouncer as a way to bring these issues into the conscious mind so they can be "dealt with" is very helpful.

So, I'm finally back. I found that I am actually a really disciplined trader, but I have needs. My roommate and I decided we needed a couch a lot more than I needed to day trade. So, pulled my money, bought a couch, and then started saving again so that I could restart my day trading like it should be. Hopefully, you will be hearing from me more often. I am officially going to be keeping a record of my trades from day to day.

In a perfect world unimpedded by self limiting beliefs learned before you can think, your comments are on target. The trader in this post is real and is an excellent technical trader -- but is limited by a deeply held belief of NOT LOSING. He's been trading for 10 years with a consistent performance of NOT LOSING -- but not winning much either. He was quite shocked to learn how this belief had been underneath his radar and comtaminated his methodology. Once he freed himself from this belief, acquired as he was growing up, he rapidly moved into profitable trading.

He has always been a disciplined trader. The problem was that the discipline was based on fear, rather than calm authority. And this is where most traders trade. From their fears. And that's what they find.

You can change strategy til you are blue in the face, but it also needs to be accompanied by a change in state of mind. In this case, the trader discovered he had been trading from a sense of victimhood and his entry points and price were designed to NOT LOSE on an unconscious level. No amount of change of strategy is going to win over deeply held beliefs. That is why the vast majority of trading is in your head, not in your methodology. You have to drive that vechile of methodology with a well trained mind. That is exactly what this trader learned.

Rande Howell
www.tradersstateofmind.co m

This has truth in every aspect... but if it is in ones methodoly/strategy to wait for the better (lower in this case) price .. wouldnt that also constitute being a disciplined trader sticking to his rules, accepting this trade didnt meet his criteria, and look/wait for another trade....???
isnt not losing just as important as winning to protect your account balance
It's okay to accept losses if strategy is followed, but to lose when not following strategy may send conflicting emotions after....causing dought/fear in ones mind
Could this just be an indication his/her strategy needs to be revisited/modified, and not his mental state???
My 0.02c
Mark Roberts

3 line break chart... 30min chart ... closes

The fastest news services are paid wires. However I did find a free audio service that is pretty good. It is called

Accumulated volume peaked at 12:30 and went down for the rest of the day. UVOL - DVOL went negative at 11:40 and stayed negative. ADVN - DECN went negative and stayed negative, and the price of the ES ended below the open for the day. So it was not one of those days where things stayed positive or negative all day.

where ACCUMULATED Volume began to turn, which was also right at the half gap. Then price went up to the open, which is also the half gap from midnight on. The price was going nowhere before the 10am news. There was not a lot of speculation on price going higher. So at 8:30, the thing to do was "Sell the News" because the price had already been driven up before the news, and price was gapped up. Plus there was more news coming out later. If there is more news coming out later, then it seems like price goes into a second phase of speculation, consolidation or retracement before the release. The consolidation before the 10am news was a price level about half way between a price high at 7:35 and a low at 9:34am.

I wanted to add this; even though the Half Gap did not fill, it tried to fill. Price had a 5 point retracement from 9:50 to 10:23am. That's 5 points. That can make a difference in your profit and loss. So even though the half gap did not fill, there was substantial price pressure towards the half gap, that could have caught you by surprise. Why would it be hard to predict? Because after seeing such a strong price reaction right from the open, it would be natural to think that the market sentiment was bullish. And it was. But it took a little 30 minute break before screaming back up.

How about real time live trades. Check it out YouTube - RealTrendTraders's Channel

EURUSD is currently trading in a minor bullish channel. Yesterday it has made a low of 1.2658, but was unable to continue its downward extension. If EURUSD breaks below its current support at 1.2680, then EURUSD might continue to extend its downward extension to test its lows at 1.2658 and beyond.

Trade Suggestion: Go short if price breaks below 1.2680 targeting 1.2650,, 1.2600. Break below 1.2600 may push this pair to 1.2400

USDCAD initially made a false breakout from its resistance level at 1.0470 and made a high of 1.0508 and failed to sustain above 1.0470. After increased interest rate decision from BOC from 0.75% to 1%, USDCAD made a strong push to the downside making a low of 1.0345. Considering the current sentiment fundamentally and technically, USDCAD is bearish and CAD may strengthen in coming weeks ahead targeting parity once again.

JEH,

I have been an avid reader of your blogs. In fact I used to talk to myself like you are doing, and well, I miss those days. I wish you luck on your journey (both the trading one and your vacation). I was going to enter you in, but then I realized if you wanted to actually be in you would have done it yourself. So I didn't. But, you seem like a good guy and if I am lucky enough to win, then you are invited to the bash as well. Assuming you give this a vaild attempt. I will honor your privacy, an visit no more. Again, good luck.

This is the final Stay Lines blog entry. I Will be moving to threads

Anand Vishwakarma
[url]http://url.moosaico.com/14068[/url]

Looking for forex trading Tips, get help from CapitalVia.

Anand
[url]http://url.moosaico.com/14068[/url]

Related Performance Rupee vs USD.

visit
[url=http://ur.lc/dyv]Stock Tips | Free Stock Tips | Commodity Tips | Commodities | Share Tips | Intraday Calls | Share Recommendations SMS | Share Market Recommendations | Accurate Stock | Intraday Trading | Stock Market | Jackpot Call | Nifty | Equity Advises | BSE NSE [/url]