USD/JPY - BUY @ 103.41 - Movie and Analysis

Hello my friends,

I'm back again after a bad period for trading. I was out and I didn't trade. Way too many oscillations and no good setups.

Here is the trade that I took few minutes ago and I got out flat even if I knew it would reach the target. I don't want to stay too much in the market waiting for profit. Many will tell that if I would have wait 1-2 more minutes I would have got the profit. Yes, true, but sometimes 1-2 minute can be fatal for your account si I rather get out and try another time.

And yes, the last week was weak, very weak. The market is slow and the movements chaotic. I am looking at GBP/USD in H4 and Daily that that's the disrespect that "big guys" show to traders. Those movements show us that They Don't Care about you or anybody. Those movements eat your life if you don't stay out.

Here is the movie I recorded for everyone:

http://www.mediafire.com/?jeecglyxnet

Thanks and Happy PIPpin' !

Tutorial: How to respect the strategy and keep your SL

Hello my friends,

It was a terrible start of the week the the main pairs ranging all day.
So, what I am about to show you today is a part of my strategy and why I respect it so much and Why is important to respect any strategy.

You will see bellow a mini-movie I captured today specially for this Tutorial because I want to point out the importance of Williams %R crossing RSI at a possible signal moment:



So, as I stated before I don't trust the market when W%R crosses RSI. Why ? Because it shows changes in minitrends.

So if I were a greedy trader I would enter in LIVE account when W%R retraced and crossed RSI(because all other signals were good: macd, crossing of 2 ema, price above ema) but I respected the rules of my strategy and I'm just happy because in DEMO, in the video above someone would have lost $520 USD. I'm happy that I saved my money and now I expect more signals.

REMEMBER: Always respect your strategy, keep your Stop Loss INTACT, don't move it lower or higher hoping for a better trade, don't waste your money with false thoughts and emotions, keep steady and strong on your principles.