Everyday make sure you prepare your mind mentally! Review below concept please!

Do's

  • Remember the climber example - how much preparation a person goes through before the activity!
  • Remember the game about the color box vs. display of color words! Your mind reacts to words faster than the actual colors!
  • What are the things you are grateful?
  • You have all the wealth so these trade is not about wealth but finding yourself!
  • At extreme points of the bb line, you can risk 50 for a trend trade!
  • At extreme points of the bb line, you can risk 120pts for oscilating trade!
  • 1min and 5min chart can give you a false sense of the bigger picture, so know your facts (e.g. model predictions)
  • Each month you can put aside £50 into the account!
  • Clear you mind with a blank sheet. Live in the present as news release is done, the important thing is your reaction.
  • Thinking differently from the rest of the 90% of the people.
  • Review your trade log and aware where you can improve.
  • Ask questions about the different scnearios
  • When volatility is neutral it means it is perparing for a movement.
  • When volatility is pointing opposite to model predicitons, you have to be cautious of taking position suggested by model.
  • Your lost or win in the past has nothing to do with the current trade. Live in the present. Know your strategy!
  • Peak trend is reached when volatility is above 70 - 80. WAIT for a decrease or put a 100pts above your peak as entry! This is the hardest thing
  • When the trend is at peak and you want to continue the trend, you need to pick at least 300 - 400 pts away from the peak!
  • When in profit, you should find ways to load up
  • You trade to participate in the market and it is not about winning or losing but finding yourself!
  • This should not happen if you have a strategy...When in lost, you should exit quickly given your report suggestion!
  • Don't think buying at discount or selling at high values!
  • Avoid thoughts of recovery, lost, and bias comments! Think that this is not money you need. You are investing into your future!
  • You do not want to spend time staring at charts and hoping it goes your way!
  • There is no need to review your P&L till end of the month!
  • It's common for people to take profits early, fearing the market will take them back — but this can also reflect a broader truth in life: if you don't seize opportunities when they arise, you risk losing them. The key is finding the right balance between caution and confidence because you need to a clear mind of your process and not let the market volatility scare you away from greater opportunities.

Questions

  • What happens on a monday when good news support movement on a Friday?
  • What happens when trend lead the news? (this probably happens 70% of the time!)
    • 29/May/2025 - trend up waiting employment news with mindset that tariff war creates negative impact along with bad NFP biasing thinking!
  • When is it more volatile day after news?
  • Does Wednesday the 3X charge have an bias influence on buy?
  • Does negative indicator in Non-Farm emlpoyment suggest outcome of other employment?
  • 1 case observed for NO.
  • Is it biase towards one currency? Yes, it is still towards USD maybe 60% because of the higher interest but JPY is performing better so more ocillation!

Trader's Notes

  • Never place a large bet overnight, as you tend to get it wrong and lose big, including what you’ve earned—even if it means losing your gains from the day.
  • The 4-hour chart shows the extreme points.
  • If there is a trend, buy or sell at dips!
  • Major mistake is to buy and sell at peaks when you are caught in the moment of loss.
  • Ensure that the MACD for both the 1-minute and 5-minute charts is aligned in the same direction.
  • Use your risk-averse technique of 0.11, where you take a 0.1 profit when reaching 30% to 50% of 1 pip.
  • Some time you may need to treat this one time trade costing £2.50.
  • When there is news coming up the first two days will fluctuate so don't place big bets and overnight bets.