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Old 12-11-2006, 22:33   #4
marketwavez
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Re: Short-Term.....Swing Trade (Set-Ups)

Trading Plan......... ( See Attachment Below )

Euro Usd ---

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This trade has a Risk of about 50 pips

Can You stand to loose 50 pips?
and be able to live another day to trade again ? ....
-This is what the expereinced trader is concerned with !

All the so called " Professionals " in here and out there are only concerned
about being right on the call ..............................................
Only fools are concerned with being right all the time !


There are people doing well at this being by right only 50% of the time .

If you want to be succesfull at this thing called trading.......
You must do get scared evertime someone tells you they
are a so called Proessional . Be very afarid !
and
You should run for the hills when any one talks to you about the news ....
IT'S ALL IN THE CHARTS .............
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- Only then will you begin to see a diffrence in your trading !

Don't waste your time with these .....

Concern yourself with Risk to Reward and what's called Position Sizing
and also learning sound Money Mangement skills ..............

Because in the end its all comes down to only this !


Trading is all your ability to analize Risk and Protect your Assets !

This is more important to understand than any trade system or method
that you can think of to applying to the various markets ........

/////////////////////////////////////////////////////////////


Remeber the Lessons of Money Management-
In which will ultimately keep you out of trouble especially
when you are wrong about a particular market turn !
Don't over - extend yourself...........
Don't over - leverage yourself............
Attached Files
File Type: doc Trade set-up of the day 11-12-06.doc (92.0 KB, 577 views)

Last edited by marketwavez : 13-11-2006 at 02:02.
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