Friday, August 15, 2008











That earlier shot was one of as the trade was unfolding, here is another shot with signals from various systems. note the red edit pen showing the bottom and then breakout.

I had a similar trade like this on the euro 5hours earlier, and unfortunately i missed the entry though i was waiting for that trade to line up for 3hours. Another 100pip plus trade. wtf...
anyways i am reassured in that my analyzation skills are improving as my trades line up, then continue to make 30, 50, even 100pip trades intraday.
This reinforces my dream and belief that day in and day out I can attain the skill to make 50pips a day.
What is 50pips?
Pip size is relative. Consistant pips, Pip tally and accuracy is what counts.
In reality it means making $5k a day is nothing. $5k a day at this point is a huge amount, but using 100-200k account, $5k a day is easily attainable with money management rules in place that keep me from losing excessive amounts.

$1k a day is my short term goal...by my 35th birthday next November 06. But, again money amount is not what i am focusing on at this point, as the money is a benefit of good trading.

My goal for this coming week is to make 30pips a day. Money is relative, consistancy, pip tally and accuracy are what counts.

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