Discipline and Controlling the Emotions in Forex

Thanks Mr. Forexoma, We have time to Win, and to lose. That is the part of the Game. Nothing to be worried and what we have to do now what should we do for tommorow which is to be better than yesterday.

Will U post signals for tommorow trading today..?

Thanks much, You a really a wise and great guy.

Pria

Don’t worry my friend. Metaphorically speaking, you might have lost a battle yesterday but beware, based on past results, you’re still winning the war hands down!

Statistics don’t lie. Just look at your past results: it must have been ages (if ever) since you ended a day with a negative gain (ie, loosing pips) .

Cheer up, and keep up the good work!

Hi Forexoma,

I must point out that I am sure that most of us are not unhappy. I agree with you. I must say that I thought that taking 3 positions against the Yen seemed like a risk. I suppose if something happened that caused another “flight from risk” to the safe haven of the Yen and the Dollar, we would be caught with 3 trades in the wrong direction, but I have actually done exactly as you stated and left the trades. They may lose and that will not be great, but a loss is not a loss until it is realised and, as you state; you cannot expect every trade to go positive instantly and you will always lose some trades. The law of averages does not leave even good traders alone!

I am still happy that I am learning, the article on the Fibonacci numbers was most informative and fascinating, I have been trying it and it seems to be quite a good predictor. Strangely perhaps, it even seems to work quite well in the 5 minute range. I am most impressed, but still learning and experimenting.

Thanks,

Stuart King

Hi Forexoma,

That’s not a big deal in a game. We lose and we win for sure. What we have to prepare how we can get better trades tommorow.

Good Job and Thanks much - Pria

No one is perfect, cheer up mate.

Your track record speaks for itself. Metaphorically speaking you might have lost one battle, but you’re still winning the war. Hands down, may I add.

Very true Forexoma, i am a victim of such weakness in discipline at times, it separates the traders who last in the long term from those who dont make it in the short term.

But if i had a bigger account, and more space to allow the markets movements to play out, i would have not made the decision to close out maually…since i know your analysis is based on years of expereince and it is traded according to your plan, and the stops you use are very hard for the hunters to hunt !

Happy days

steve

Perhaps everyone has noticed that all three of yesterday’s positions have bounced back nicely. I personally thought that the long term trends looked like they were bottoming out, so I doubled up on all positions, and am now in a profit on all three.

Forexoma, I also cut my losses to live another day on the Yen. Any quick comments on why it did’nt break the way you predicted? I noticed big movement in the Kiwi yesterday too. Is that a currency you watch and did you consider entering any positions with it yesterday?

Sorry, I retract my previous post. I didn’t realize that at rollover, my broker closes, then immediately re-opens my positions at the current price. So, my doubled positions are still in a loss, but I’ve adjusted my Take Profit price to reflect the lower cost average.

I goofed,
Dan

Is it me, or did some trades today hit their stoploss?

Hi Forexoma
I have been monitoring your signals all week - last night I started active trading with your signals. Bumpy start - but never the less I am still extremely grateful to have a Forex Mentor like you. I have made some real bas losses on my demo account over the last month. You’re trading history posted on the site show your exceptional skill - and I am very confident that we will bounce back next week with some good trades. This is the nature of the trade - a loss is inevitable.
I am from South Africa - so I set my alarm every morning for 12h00 to come and join the trading. I am looking forward to next weeks signals.
Thank you for the service you provide - I am very grateful.
Kind Regards
Eugene

Hey Boss Forexoma,

We’re still up and watching closely.. We learned important things here from you.. I’m in UAE (GMT +4), imagine I have to set my alarm clock at 2:00 AM here, just to catch your signals. My work in the day time is miserable.. LOL. Anyway, I’m adjustiing. Thanks for your great effort!

I’ll be happy to die with you=),
Mark

My broker doesn’t allow me to have a Trailing stop due to having a guranteed stoploss.

In this case, what tips can you give me to protect my stoploss in this way.

I come across your website by accident, maybe because of the search and hunt for information and knowledge seeking for forex for the past 7 months and beginning to see a very little success with what I’ve put together from what I learned from books, articles, I think you are doing a wonderful thing here.
God bless you, thank you very much and wish you health and happiness and prosperity.