talisman
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talisman's Page

Profile Information

About Myself
self employed logger in western alberta
Trading style
technical / price action
Current Broker
fxcm

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Talisman's Blog

Creating boudaries where there are none

Posted on March 9, 2014 at 12:55am 3 Comments

An important aspect of successful trading is the concept of creating boundaries and rules to help present the market to yourself.  There is no exact correct way to do this but I will share my general view of this using a current EY chart to demonstrate.

First off , define a trend, theres many ways to do this,…

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Not all lines matter

Posted on March 1, 2014 at 12:56am 3 Comments

Its important in trading to figure out what lines actually matter when trying to figure out how to pull a little money out of this market .  While everyone can make their case for whatever they believe, one must first figure out in general what types of time frames they would like to work with as a starting…

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Fishing rods for sale

Posted on February 9, 2014 at 7:11pm 1 Comment

Rubber boots tip of the day-a good entry is determined by its exit. So place your educational focus on exiting, whether that be exits with losses or exits with profits.  Try to embrace the idea that one of the main things to understand on the road to profits is to understand what you control.  Once you are in a trade the only thing you control is when you get out.  If over a series of trades you make more than you lose and the drawdowns don't pysch u out your entries are good.  Doesn't…

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Don't be just another dart throwing monkey

Posted on February 1, 2014 at 5:38pm 0 Comments

There is a very good article in the education section of fxstreet that is worth reading . it is " How to set profit targets and control losses ". Within it it points out things like trading is " a series of compromises ", and demonstrates how open ended targets with an understanding of maximum adverse excursion is more profitable than targets.  It highlights the importance of consistancy , and eludes to this fact by the very nature of the content.

It neglects to address the importance…

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Comment Wall (2 comments)

At 10:18pm on March 23, 2014, Joe Lanburner said…

Thanks for your help the other day.

At 4:39pm on May 20, 2014, Oasis said…

Where are you? have not seen you for a while ! Hope everything is OK.

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