Too simple to be true....

I came across a simple idea to to trade bar by bar, its too simple and it would make me achieve 250usd/week , but as I said its too simple...neverthe less, I hope it will be a 'true strategy" .....more practise needed.

Sim Trade no 8/40

another positive +135... still trying.... 

Some good posting

the 1st video made me think of a larger bulb

http://bidsandoffers.blogspot.com/2013/02/why-people-dont-get-it.html

also

http://traderkingdom.com/trading-futures-education-topics/trading-futures-basics/2959-the-big-traders-secret-for-small-traders

SIM trades 4/40 for $250/weekly

Since Thu 21 Feb  $ 120

The Rules of  IFTTT
Watch lines and HHLL and
If this 1st morobozu touches line < red lines then short
If this 1st morobozu touch line > green lines, then long
or If this morobozu >SR lines, then long
or If this morobozu < SRlines, then short

Philosopher me (the rambling continue)

10000 hrs theory

 (I keep writing this pyscho things because I wanna pushed something really simple edge  that I overlooked before - the blindspots)

I think a small trader with small capital need to invest more time than traders with bigger capital, as his 1 lot trade cant move market. Traders with banks will require less hours, and psychologically, have more confidence.

Therefore, to build up his money and confidence, the small trader need to be satisfied with small profits. After a while he can hold the position, looking for trends.

Why ? the emotional capital (confidence) is more important than money.

OK, I need a clear goal : (I have no profit goal all this while...)

 I want to make nett $250 per week with 1 lot. That it . no more . no less with 40 sample trades

my mentor:
http://traderkingdom.com/trading-futures-education-topics/trading-futures-basics/2959-the-big-traders-secret-for-small-traders

1 smaand see the reaction of market

I used pure price, + volume, 2 ma, 3 ma, rainbow ma...

now I will try 1 sma and read bid sell DOM ;

 to get fast action ...and see the market  reaction.

Democracy in Trading

Democracy says majority always right....If  I have a democratic mentality, I have higher chance in trading...

But if  I have a political mentality, i.e. might is right and right is might, I have a lower chance in trading...

So in trading, democracy and politic are different things.

Psycho things in trading: Expectation 3

I wrote this in BigMike under diffname, and add here..

********

"this is subtle psychology problem that I called 'wrong kind of expectation'.

Show me any traders that don't want to lose...everybody want profits. THey all expect to win, they all want precise, calculated, scientific ;) and perfect entries....

positive thinking, thinking big can help in OthER biz and money is big motivation , but this kind of 'wrong kind of expectation' cant help in trading

trading is about business that making fewer mistakes so that the correct things will take care of themselves.

Could traders avoid mistakes at all cost ? Again, nobody....

mimimises mistakes and forget about money, and you'll find that the market give you money even though you dont want it anymore.. you passed this gate/mental block and you will enter the zone. or zen of trading....

Philosophy again, now about expectation...

If you read  the right side of this blog, I put there some comments about expectation. And previous post, I also accidently  came across 'expectation' again.  The type of expectation in trading need to be clearly defined, as the mind want to know what to be expected. It's  natural for a trader expect profits, but that not realistic in trading and could bring unnecessary pressures. The most important expectation is  the ability to remained objective after a loss. It's not easy, but every traders need to pass "this gate" to proceed.

About my setups....today Friday and I took a break from simming my B&W setups. I feel good about this, but its weird that I felt no hurry as usual...enjoy the weekend, enjoy life

Black and White

Quite surprising that I found my reaction is better  in Black candles than greenred candles as I can see the imaginary lines, HH LLow more clearly.The colors can affect us > . http://www.energyandvibration.com/color.htm

Also I put my SMA below the chart, not together with the price so I can see more clearly.  This is useful to gauge the Expectation   > http://www.managementstudyguide.com/expectancy-theory-motivation.htm

+sim 120

Still in philosophical mood

Constant and change are powerful words
Only the powerfuls can keep things as normal as possible.
But change is a result that happened for old constant things
Therefore, how we can keep things constant but yet change things a bit...
Then a word such 'flexibilty' comes to the mind.
 Flexibility is a powerful concept in trading.
Among soccer fans, phrase like  'bending' like Beckham is sounded familiar.

case in point :
I changed my chart frame form my usual number and I missed the familiar signal.

lesson:
May I say like this...dont change your setup but be flexible in changing your magnifying scope ?

Egg or chicken, success at the end or the beginning of setups?

Experienced traders told us that don't change your setup often as it will make you chasing success?

I thought when we already have a proven setup/ success setup, then we will not change it ..and why we want to mess up with a good thing ?  

Thats why we need to be a clear about objective and deadline/time period to decide things ...

February will end soon, and I think I see the bulb...a tiny bulb. :)

Sim : -100

Black & white chart

I will put a black & white chart besides the colorful one.
Like a photo, sometimes B & W picture has more meaning.
And trading is an art

Edit: SIM +190

Why aspiring traders need to think like fashion designers

1) Trading is not about logic, trading is more about result of 'styles' of majority traders  (Yesterday, CL price bent at UNlogical SR lines).

2) Trading is not about an edge, but trading is more about 'fashionable tactic' of the moment. I discovered, accidently, that at the moment Fibos seems in fashion....and I know only a thing about Fibo..the 50%

3) Trading is certainly not random but trading is more like fashion of the moment.

Now, I remembered that some old traders said trading is both an art and science. I agreed in the 'art' part. I need to throw the 'science' part, less I will go 'crazy' applying 'scientific logic' in it.

Simming using 'new' idea

The idea is promising, but as its new to me, still in simming mode...need higher green % as it will drop to 50% once I go live..the most important thing is not the statistic as I will use 'cut loss method' but more "*serotonin in the brain while trading it....

* Confidence level