25 Oct 2021 - Trading in the Zone

[immy]

Sunday 24th : 

"People who are truly happy don't have to do anything in order to be happy". C4.P.59.

"The threat of Pain generates fear, and fear is the source of 95 percent of the errors you are likely to make" C4P60

"If you can learn to create a state of mind that is not affected by the market's behavior, the struggle will cease to exist." C4P62

"When you accept the risk the way the pros do, you won't perceive anything that market can do as threatening".C4P63

"The Solutions are in your mind not  the market" 

Says Mark Douglas in "Trading in the Zone" He goes on to say,

"I'm going to teach you a thinking strategy that has, at its core, a firm belief in probabilities and edges." 

This is achieved by applying the T20 Principle.

Embrace the T20 Principle. It will allow you to put into practice the techniques and the concepts taught by Mark Douglas in his book Trading in the Zone.

Applying the T20 means putting into action the entire book Trading in the Zone. 


People see what they have learned to see. Says Mr. D. 

One of your basic objectives as a trader is to perceive the opportunities.

But the threat of pain creates fear. Fear then blocks your perception from seeing what you should be seeing. You will stop seeing the setups forming on your charts. You will be distracted, you will lose focus. You will browse the net, you will leave the screen, you will start a phone conversation. Later you'll be shocked to see how many beautiful setups occurred after you stopped trading due to a single loss. 

To learn to stay focused on the opportunities, says Mr. D, you need to know and understand in no uncertain terms the source of the threat. IT IS NOT THE MARKET. 

The market is neutral. 

https://itradeaims.net/amember/page/trading-in-the-zone
 
 
 
 

[immy]

In order to become a consistently profitable trader, you have to learn to be consistent. 

You have to make "being consistent"  your main desire and goal. The focus on your trading should only be on one thing. 

CONSISTENCY

When you trade with a plan and try to stick to your rules, you are attempting to be Disciplined. 
When you re-align your mind to focus on the objective reality of your trade instead of feeling the emotional pain, you are trying to be disciplined. 

When you do the above hundreds of times, you empower the inner structure of your mind to become consistent. You become disciplined as a result. Now you don't need to try to be disciplined. You become a disciplined trader because you are consistent. 

Make yourself available .. in the now. 

This can only be achieved when you have learned to believe in the 5 Fundamental Truths. 

Five Fundamental Truths


1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. (Edge= AIMS Setup)
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.

You will become a consistently winning trader if you make the Five Fundamental Truths the core of your belief system. So that you believe in it so strongly that every action you take is an expression of this inner belief. 

When you are mentally available, because your mind is not in a state of fear and stress, you see more than before. You are able to be present nad available to perceive the "opportunity flow", right now, in the now. 

That's why Williams's quote has remained in signature for good 10 years now. Opportunity is Now Here. But are you available? or have you been blocked from the flow behind the curtain of fear and stress? 

[immy]

The London Session went by quietly on DAX but had nice setups on GU and EU. 

UJ was dead for the day. 

if you watched my video on how to trade EU GU UJ on H1/M5 ... then you will see two setups formed today. 

Right now I am short on EUR/USD https://www.screencast.com/t/fWqDEGUePb



GU Did something interesting this morning. It was good fun ... But EU did what I really love. 

HERE is GU H1
What you see is a Trend candle that was going towards the support lows. If you drop to m5 you will something special. 
https://www.screencast.com/t/hpdLfwUo8


Here is the M5 chart ... a beautiful Banana signal 

https://www.screencast.com/t/6Gq2p0mVf3h

[immy]

The London Session went by quietly on DAX but had nice setups on GU and EU. 

UJ was dead for the day. 

if you watched my video on how to trade EU GU UJ on H1/M5 ... then you will see two setups formed today. 

Right now I am short on EUR/USD https://www.screencast.com/t/fWqDEGUePb



GU Did something interesting this morning. It was good fun ... But EU did what I really love. 

HERE is GU H1
What you see is a Trend candle that was going towards the support lows. If you drop to m5 you will something special. 
https://www.screencast.com/t/hpdLfwUo8


Here is the M5 chart ... a beautiful Banana signal 

https://www.screencast.com/t/6Gq2p0mVf3h


 

A little later there was another H1/M5 setup but this time, it was too close, just above the Support levels. So it was not one that is higher probability. Avoid these. 

https://www.screencast.com/t/va7CCFEb


But when EUR/USD Cleared the Lows to the left, it was RIPE for shorts... beautiful setups followed on the m5 chart 

https://www.screencast.com/t/QMPjvr23XPb4

[immy]

Continued from previous post... here is what EUR/USD gave us... beautiful chart 

https://www.screencast.com/t/YQu3DlVR