trading template

10;00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

10:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

11:00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

11:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

12:00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

12:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

13:00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

13:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

14:00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

14:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

15;00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

15:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

16:00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

16:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

17;00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

17:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

18;00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:




Grand Rules.

1.Shoot, positive variance, oppose shot, lock and shoot again.
2.pain of discipline is lighter than pain of regret
3.safety margin warren buffet talked about Benjamin Graham teaching him.
4. Floating MUST ALWAYS Be +ve.
5. Equity Must and should always be greater than Balance, thats trading position.


5399831632049058    443

11/10/2016 days of our lives... the making of the million dollar

Eur/Usd

10;00hrs
Price: 1113
Equity: 2.75
Balance: 7.50
Floating: -4.75
Action: N
Positions: 1B @ 1160
Proposed Action: Sell at Higher price and lock 1B

10:30hrs
Price: 1109
Equity; 2.35
Balance: 7.50
Floating: -5.15
Action: N
Positions: 1B @ 1160
Proposed Action: Sell at Higher price and lock 1B

11:00hrs
Price: 1109
Equity; 2.35
Balance: 7.50
Floating: -5.15
Action: N
Positions: 1B @ 1160
Proposed Action: Sell at Higher price and lock 1B


Classic account crashed and switched to cents.  STARTED TRADING WITH JUST $1, 12 CENTS

11:30hrs
Price: 1.1089
Equity; 110.80
Balance: 112.80
Floating: -2.00
Action: B
Positions: 1B @ 1.1089
Proposed Action: Sell at Higher price and lock 1B

12:00hrs
Price: 1.1080
Equity; 103.80
Balance: 112.80
Floating: -9.00
Action: N
Positions: 1B @ 1.1089
Proposed Action: Sell at Higher price and lock 1B

12:30hrs
Price: 1.1077
Equity; 100.80
Balance: 112.80
Floating: -12.00
Action: N
Positions: 1B @ 1.1089
Proposed Action: Sell at Higher price and lock 1B

13:00hrs
Price: 1.1077
Equity; 100.80
Balance: 112.80
Floating: -12.00
Action: N
Positions:1B @ 1.1089
Proposed Action:Sell at Higher price and lock 1B


13:30hrs
Price: 1.1088
Equity; 110.80
Balance: 112.80         Road to 1000
Floating: -2.00
Action: N
Positions: 1B @ 1.1089
Proposed Action: Sell at Higher price and lock 1B

14:00hrs
Price: 1.1087
Equity; 110.70
Balance: 112.80
Floating: -3.0
Action: N
Positions: 1B @ 1.1089
Proposed Action: Sell at Higher price and lock 1B

14:30hrs
Price: 1.1091
Equity; 114.80
Balance: 112.80
Floating: +2.00    first positive floating ever from new regime.
Action: N
Positions: 1B @ 1.1089
Proposed Action: Sell at Higher price and lock 1B


15;00hrs
Price: 1.1070
Equity; 93.80
Balance: 112.80
Floating: -20.00
Action: N
Positions: 1B @ 1.1089
Proposed Action: Sell at Higher price and lock 1B

15:30hrs
Price: 1.1077
Equity; 100.80
Balance:112.80
Floating: -13.00
Action: N
Positions: 1B @ 1.1089
Proposed Action: Sell at Higher price and lock 1B

16:00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

16:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

17;00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

17:30hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:

18;00hrs
Price:
Equity;
Balance:
Floating:
Action:
Positions:
Proposed Action:




Grand Rules.

1.Shoot, positive variance, oppose shot, lock and shoot again.
2.pain of discipline is lighter than pain of regret
3.safety margin warren buffet talked about Benjamin Graham teaching him.
4. Floating MUST ALWAYS Be +ve.
5. Never close a trade manually, every trade must lock itself out automatically.

10/10/2016 trade. The making..

10;00hrs
Price:
Action:
Positions:
Proposed Action:

10:30hrs
Price:
Action:
Positions:
Proposed Action:

11:00hrs
Price:
Action:
Positions:
Proposed Action:

11:30hrs
Price:
Action:
Positions:
Proposed Action:

12:00hrs
Price:
Action:
Positions:
Proposed Action:

12:30hrs
Price:
Action:
Positions:
Proposed Action:

13:00hrs
Price:
Action:
Positions:
Proposed Action:

13:30hrs
Price: 1160 Eur/Usd
Action: B
Positions: 1 @ 1160 UL
Proposed Action: Sell at a higher price then lock 1@1160

14:00hrs
Price: 1152
Floating:-0.80
Action:N
Positions:1@1160UL
Proposed Action: Sell at a higher price then lock 1@1160

14:30hrs
Price: 1154
Floating: -0.60
Action: N
Positions: 1@1160UL
Proposed Action:Sell at a higher price then lock 1@1160

15;00hrs
Price: 1152
Floating: -0.80
Action: N
Positions:1@1160UL
Proposed Action:Sell at a higher price then lock 1@1160

15:30hrs
Price: 1158
Floating: -0.20
Action:N
Positions:1@1160UL
Proposed Action:Sell at a higher price then lock 1@1160

16:00hrs
Price:1154
Floating:-0.60
Action:N
Positions:1@1160UL
Proposed Action:Sell at a higher price then lock 1@1160

16:30hrs
Price: 1152
Floating: -0.80
Action: N
Positions:1@1160UL
Proposed Action:Sell at a higher price then lock 1@1160

17;00hrs
Price: 1155
Floating: -0.50
Action: N
Positions:1@1160UL
Proposed Action:Sell at a higher price then lock 1@1160

17:30hrs
Price: 1145
Floating:-1.50
Action: N
Positions:1@1160UL
Proposed Action:Sell at a higher price then lock 1@1160

18;00hrs
Price:
Floating:
Action:
Positions:
Proposed Action:


Grand Rules.
Shoot, positive variance, oppose shot, lock and shoot again.
pain of discipline is lighter than pain of regret
safety margin warren buffet talked about Benjamin Graham teaching him.

For everyday use in the fx market

Daily 30 Minutes intervally Forex Program

Rule.
1st things 1st.
1 thing at a time.
Keep it simple.

Grand Rule: Irrespectives of wave direction,
piority should to shoot, lock, wait and shoot again
provided the previoius shot is locked direction independent.

drawn from warren bueffets basic principles of investment:

The basic ideas of investing are to look at stocks as business, use the market's fluctuations to your advantage, and seek a margin of safety. That’s what Ben Graham taught us. A hundred years from now they will still be the cornerstones of investing

Choose instrument:


Times: 0930hrs
Price:
Positions:
Actions:
Balance:
Equity:
Floating Loss/Profit.



Times: 1000hrs
Price:
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Floating Loss/Profit.



Times: 1030hrs
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Times: 1100hrs
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Times: 1130hr
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Times: 1200hrs
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Times: 1230hrs
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Times: 1300hrs
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Times: 1330hrs
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Times: 1400hrs
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Times: 1430hrs
Price:
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Times: 1500hrs
Price:
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Times: 1530hrs
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Times: 1600hrs
Price:
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Times: 1630hrs
Price:
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Floating Loss/Profit.



Times: 1700hrs
Price:
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Floating Loss/Profit.



Times: 1730hrs
Price:
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Floating Loss/Profit.




Times: 1800hrs.
Price:
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Balance:
Equity:
Floating Loss/Profit.

5 Steps to Becoming a Forex Trader

#copied

The 5 Steps to becoming a trader

Step One: Unconscious Incompetence.

This is the first step you take when starting to look into trading. you know that its a good way of making money because you've heard so many things about it and heard of so many millionaires. Unfortunately, just like when you first desire to drive a car you think it will be easy - after all, how hard can it be? Price either moves up or down - what's the big secret to that then - lets get cracking!

Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven't got the first clue about what you're trying to do. You take lots of trades and lots of risks. When you enter a trade it turns against you so you reverse and it turns again .. and again, and again.

You may have initial success, and thats even worse - cos it tells your brain that this really is simple and you start to risk more money.

You try to turn around your losses by doubling up every time you trade. Sometimes you'll get away with it but more often than not you will come away scathed and bruised You are totally oblivious to your incompetence at trading.

This step can last for a week or two of trading but the market is usually swift and you move onth the next stage.

Step Two - Conscious Incompetence

Step two is where you realise that there is more work involved in trading and that you might actually have to work a few things out. You consciously realise that you are an incompetent trader - you don't have the skills or the insight to turn a regular profit.

You now set about buying systems and e-books galore, read websites based everywhere from USA to the Ukraine. and begin your search for the holy grail. During this time you will be a system nomad - you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does work. Every time you come upon a new indicator you'll be ecstatic that this is the one that will make all the difference.

You will test out automated systems on Metatrader, you'll play with moving averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI, ADX, and a hundred other things all in the vein hope that your 'magic system' starts today. You'll be a top and bottom picker, trying to find the exact point of reversal with your indicators and you'll find yourself chasing losing trades and even adding to them because you are so sure you are right.

You'll go into the live chat room and see other traders making pips and you want to know why it's not you - you'll ask a million questions, some of which are so dumb that looking back you feel a bit silly. You'll then reach the point where you think all the ones who are calling pips after pips are liars - they cant be making that amount because you've studied and you don't make that, you know as much as they do and they must be lying. But they're in there day after day and their account just grows whilst yours falls.

You will be like a teenager - the traders that make money will freely give you advice but you're stubborn and think that you know best - you take no notice and overtrade your account even though everyone says you are mad to - but you know better. You'll consider following the calls that others make but even then it wont work so you try paying for signals from someone else - they don't work for you either.

You might even approach a 'guru' like Rob Booker or someone on a chat board who promises to make you into a trader(usually for a fee of course). Whether the guru is good or not you wont win because there is no replacement for screen time and you still think you know best.

This step can last ages and ages - in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years. This is also the step when you are most likely to give up through sheer frustration.

Around 60% of new traders die out in the first 3 months - they give up and this is good - think about it - if trading was easy we would all be millionaires. another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does.

What may suprise you is that of the remaining 20% all of them will last around 3 years - and they will think they are safe in the water - but even at 3 years only a further 5-10% will continue and go on to actually make money consistently.

By the way - they are real figures, not just some ive picked out of my head - so when you get to 3 years in the game dont think its plain sailing from there.

Iv had many people argue with me about these timescales - funny enough none of them have been trading for more that 3 years - if you think you know better then ask on a board for someone who's been trading 5 years and ask them how long it takes to become fully 100% proficient. Sure i guess there will be exceptions to the rle - but i havent met any yet.

Eventually you do begin to come out of this phase. You've probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now its in your blood

One day - im a split second moment you will enter stage 3.

Step 3 - The Eureka Moment

Towards the end of stage two you begin to realise that it's not the system that is making the difference. You realise that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.

The eureka moment causes a new connection to be made in your brain. You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.

Because of this revelation you stop taking any notice of what anyone thinks - what this news item will do, and what that event will do to the markets. You become an individual with your own method of trading

You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold.

You start to take every trade that your 'edge' shows has a good probability of winning with. When the trade turns bad you don't get angry or even because you know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it . The next trade or the one after it or the one after that will have higher odds of success because you know your system works.

You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make.

You have realised in an instant that the trading game is about one thing - consistency of your 'edge' and your discipline to take all the trades no matter what as you know the probabilities stack in your favour.

You learn about proper money management and leverage - risk of account etc etc - and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile. You weren't ready then, but you are now. The eureka moment came the moment that you truly accepted that you cannot predict the market.

Step 4 - Conscious Competence

You are making trades whenever your system tells you to. You take losses just as easily as you take wins You now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it looses and when you're on a loser you close it swiftly with little pain to your account

You are now at a point where you break even most of the time - day in day out, you will have weeks where you make 100 pips and weeks where you lose 100 pips - generally you are breaking even and not losing money. You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away. You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently.

You'll start the day on a 20 pip win, take a 35 pip loss and have no feelings that you've given those pips back because you know that it will come back again. You will now begin to make consistent pips week in and week out 25 pips one week, 50 the next and so on.

This lasts about 6 months

Step Five - Unconscious Competence

Now we’re cooking - just like driving a car, every day you get in your seat and trade - you do everything now on an unconscious level. You are running on autopilot. You start to pick the really big trades and getting 200 pips in a day doesnt make you any more excited that getting 1 pips.

You see the newbies in the forum shouting 'go dollar go' as if they are urging on a horse to win in the grand national and you see yourself - but many years ago now.

This is trading utopia - you have mastered your emotions and you are now a trader with a rapidly growing account.

You're a star in the trading chat room and people listen to what you say. You recognise yourself in their questions from about two years ago. You pass on your advice but you know most of it is futile because they're teenagers - some of them will get to where you are - some will do it fast and others will be slower - literally dozens and dozens will never get past stage two, but a few will.

Trading is no longer exciting - in fact it's probably boring you to bits - like everything in life when you get good at it or do it for your job - it gets boring - you're doing your job and that's that.

Finally you grow out of the chat rooms and find a few choice people who you converse with about the markets without being influenced at all.

All the time you are honing your methods to extract the maximum profit from the market without increasing risk. Your method of trading doesnt change - it just gets better - you now have what women call 'intuition'

You can now say with your head held high "I'm a currency trader" but to be honest you dont even bother telling anyone - it's a job like any other.

I hope youve enjoyed reading this journey into a traders mind and that hopefully youve identified with some points in here.

Remember that only 5% will actually make it - but the reason for that isnt ability, its staying power and the ability to change your perceptions and paradigms as new information comes available.

The losers are those who wanted to 'get rich quick' but approached the market and within 6 months put on a pair of blinkers so they couldnt see the obvious - a kind of "this is the way i see it and thats that" scenario - refusing to assimilate new information that changes that perception.

Im happy to tell you that the reason i started trading was because of the 'get rich quick' mindset. Just that now i see it as 'get rich slow'

If youre thinking about giving up i have one piece of advice for you ....

Ask yourself the question "how many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?

Take care and good trading to you all.

I left of the name of the author of this piece by mistake. If anyone knows the name of the true author, please let me know and I'll add it here. Thanks 

3 STEPS to making consistent WITHDRAWAL from your Forex Account

3 STEPS to making consistent WITHDRAWAL from your Forex Account

-----------------------------------------------------

If you want to learn how to make consistent WITHDRAWALS from your forex account monthly just like the successful traders do, then this is the best message you'll ever read.

Here's why.

So this is you. You started this forex business with high hopes. A few months have gone by, but you're beginning to get sick and tired of not making the money you wanted to make. The only thing you understand is deposit, deposit and deposit.

You have a dream about being a professional forex trader but you're only succeeding in crashing accounts. You are starting to think this forex is a scam and the brokers are working against your success. If not, why is it that price will pick your stop loss and immediately reverse in your direction?

At the verge of quiting the business, you learnt there is one sure-fire trading strategy that makes consistent money easily. In fact, it is the Holy Grail. You paid heavily for it with high hopes to recover your losses and make big profits so that you can buy your dream car and live in your dream house. Amazingly, 2 months later, the Holy Grail Grazed your account..lol.

You're spending money on systems/strategies/tools but barely breaking even and worse falling further and further into debt and getting more and more frustrated and angry.

You're worried all the time – lying awake at night researching the next best strategy.

.Is any of the above describe your situation?

Yes, it does.

I was once like that. Chasing strategies and jumping from one system to another.

In 2006, when I came in contact with forex, I was with high hopes. I paid for several training in hundreds of Naira only to get my $2,000 account blown in few months.

I attended more training and paid for softwares - forex autopilot, forex megadroid, forex sniper, forex boom etc. I and a group of friends even raised $2,000 and paid Felix Homogratus just to join Forex Diamonds trading room for news trading. The more I spent money on trainings/materials, the more frustrated and confused I became and I concluded that forex was a scam and we parted ways.

One day, I began to ponder why will a market with a daily turnover of 5 trillion dollar be a scam? Why are more brokers coming into Nigeria? Why are more people still going into this business? I decided to come back to but this time, in a "corporate" world.

I searched for brokers on Allen Avenue and got employed in one of them as a trainer. This was where I had a shift in paradigm. I had access to MT4 Manager and I could see all clients accounts.

I noticed there were some crazy traders who were making consistent withdrawals monthly. With my 4 years industry experience working with different brokerages, I have had opportunity to interview over 400 of these successful traders. What I found was revealing. I started applying these strategies (I will tell you how to learn these hidden strategies from me later) and my trading transformed. I dont only trade my personal funds but also trade for people. This is the most interesting part of forex - fund management. I trade for clients and collect 40% of the profit. Cool money.

If I can have a turnaround in forex, then YOU TOO CAN if you follow these simple but difficult to apply steps

-----------------------------------------------------

3 STEPS to making consistent WITHDRAWAL from your Forex Account

-----------------------------------------------------

1. Have an Edge - An edge is a winner trading system. A trading system is a list of to-do and not-to-do document that guides your buy/sell decisions. It should be as simple as possible. It can be a technical or fundamental trading system. Personally, am a technical trader with specialty in cycles trading (Harmonic Trading). I will be holding a 5-day webinar for 12 serious traders this month. 

2. Have a plan and stick to it - Having a trading system is not enough but you need to have a plan and trade your plan. Most traders lack the discipline to stick to their plans especially after a losing streak. They begin to lose confidence in the system and start shopping for another one. You cant succeed jumping from one strategy to another. You need to get one and stick to it. I will show you how to make money even with a bad system.

3. Have Solid Money Management - This is one of the most misunderstood aspect in forex business. Most traders refuse to learn this because of greed which often leads them to getting their fingers burnt. Money management means knowing aforehand what it will cost you for taking a wrong trade or the profit you will make when the trade is right. Most traders dont know how much they will lose before pulling the trigger until their stop loss is hit.

When I was with brokerage firm, lots of clients come to complain that their SL of 30pips of EurGbp, 0.1 lot took $43.2 instead of $30 from their account. If you also think 30 pips on 0.1lot is $30, then you will need to attend my 5-day webinar for 12 serious traders this month. 

Ok, about the webinar. Will be revealing the strategies and methods that turned me from hopeless unsuccessful trader to a confident, profitable and successful trader. The webinar is $500 only. 

i am so so excited, so today i have a blog more like an archive where i could possibly store all my forex trading strategy..
my way to the top, how i followed my system obediently and from within the market consumed the market, rather an impossible feet you would assume..

so its 21st June 2016 and the BREXIT issue is what is rocking the financial markets right now.. Something would always rock the markets come what may.. so i avoided trading on the GBP/USD pair and EUR/USD Pair until the dust is settled and in a weeks time we would'a known the result of the referendum asking the Brits to choose whether or not to remain with the Euro zone or not to remain..

so, on my Blog, the 1st ever trade i placed starting today was on the AUD/USD pair

0.01 Buy Position at 0.7473 at 7;14pm.


simple Shoot Lock and only then you can shoot again strategy.. lets see how far we go.