Hello everybody!

I have some questions specially for Vahid but if someone can help me...

I trade with Forexoma programm for 1 month and all is very good but:

1)How to control fear DURING the trade?do you place your order(stop,limit) and you go for a walk?I ask you this question because it is horrible to wait the end of the trade!Sometimes I close the trade because I doubt.....

2)I don't really understand your RSI parameters.How to use it?

3)What is the difference between a support/resistance line and a support/resistance zone?which one is the most valid when there is a breakout?

I hope that my english is ok!

Thank you very much
and thanks again for your fantastic programm

HENRI

Hi HENRI.

The easiest way I found to control fear is to use the proper risk. If a signal is going against you and you are feeling bad about it, you are risking too much. Reduce your exposure.

Some trades take longer than others. You are not alone in finding it difficult to wait. I find that placing the trade and walking away is the best way to relieve anxiety.

Everybody who follows the rules will be prosperous...
A Letter from God to Forex Traders!

Henri

I agree with Jim. Start with small stakes and never exceed the maximum dictated by your money management system.

The other key for me is to understand the system you are trading with. The better your understanding the more confidence you will have that the trade will work out. You will also get better at identifying those which have gone against you and therefore become more able to limit losses.

Michael

Experience and limiting your risk are the two biggest factors, in my opinion. Perhaps read a book on the psychological factors of trading, it may help you understand what is going on.

Also, do not check your trade every 5 minutes. This will certainly lead you to trade with your emotions rather than sticking to your rules/system. Taking a trade right before you head out for the day or before you to to bed helps -- you just take the trade, set your limit and SL, leave and not worry about it

Hi Henri, Jim, Michael and Popinjay,

This page is full of great advice posted by some nice and great people. Thanks to all of you

What can I add to it?

Something that Jim says is absolutely right. If you don't take too much risk, you will not care if a trade goes against you. Your excessive fear should have a reason. One important reason is that you may take too much risk. If not, you are the only one who can find out what the reason is.

A trade will either hit the target or stop loss. It may go against you for several hours sometimes and then hits the stop or returns and hits the target. Sometimes it moves toward the target strongly. We never know. If you sit and watch the market, you torture yourself only. Take your position, set the stop loss and limit and walk away and not to think about it. Market doesn't care if you check it or not. It moves on its own way. Trading is stressful by nature. Do not make it more stressful.

Regarding RSI, we have them on the charts to know if market is overbought or oversold. When RSI 9 is above 70 level, market is overbought and when it is below 30 it is oversold. When there is something important in any of the indicators we have on the chart, I will mention it. MACD has a higher importance for us.

A support/resistance line that candles show sharp and visible reactions to it, is more reliable. A support/resistance zone covers a wider area and makes it a little difficult to say if it is broken or not.

Hi all!

Thank you very much for your advices!You are very nice to answer me very quickly!

I will follow the rules now and stopping buying to much (I have 1875 dollars on my account with :400 leverage and I sometimes trade with a value 15 dollar/pip and then when I earn 4 pips I am happy and I cut the position)I think you are right,I (we) have to take minimum risk.



Thanks all

@+ HENRI

Hi Henri,

You are welcome.

It is up to you how to trade, BUT trading 15 dollar/pip with a $1875 account is the worst thing a trader can do. Specially please do not trade my signals with this amount of money, because my signals are based on big time frames like 4hrs and daily and sometimes they have a big drawdown before they move to the expected direction.

Taking too much risk and being happy with a few pips profit which is called scalping, can not make you a trader. You may be successful one day, but you will wipe out your account the next day.

Hi Henri,

I was just like you in the beginning, small bank, high leverage, scalping, trading large pip sizes etc... I found quickly that this was the major cause of my trading stress, and I mean STRESS!! on top of that, I was following Vahid's system, which by nature has big swings before profit, due to the method and the time frames.

Vahid shared with me the importance of good Money Management. Michael has already given you the link to that article. Please take the article to heart and submit to the knowledge. Others have already pointed out that if you are watching your trades like a hawk and worrying over every up and down move, you are risking too much on a trade. With a $2,000 bank for example, you can lose 10 or 20 dollars and call it a day. But if you lose 200 dollars, you might think about jumping out of the window.

I cannot advise you, but I think most would agree that for your account size, 400 leverage is very risky, as is $15 per pip. My average pip size is .50 (yes 50 cents). This was hard to swallow, until I realized that I could either be successful slowly, or bankrupt fast. You can trade Vahid's system and signals, but you must use the Position calculator and manage your money properly. If you are looking to make big profits fast, and consistently, with a little bank, good luck.

Forex is a great opportunity for many of us. Please, if you are serious, take the time to learn it and do it right. You will be grateful in the end. If you are one of those lucky ones, and can do it fast and furious, God bless you.

Vincent

Let me clarify. The trades can have big swings before profit, but not necessarily so.

Vincent

I guess a lot of people have seen this before but for me it sums up the emotional roller-coaster that awaits me when I over trade



Michael

This is right on Michael. I need this as a poster over my monitors.

Vincent

Hi Vahid and others!

Thanks again for your help!

Maybe you can help me again (maybe my questions seems to be stupid but I want to learn more everyday! I take Vahid's setup and I earn money for 2 month this is not the problem!It is not enough...

1) My screen is a mess!How many different timeframes(and wich one) do you have in front of you for each currency pair?

2) Vahid said that we must have a strategie as easy as 1,2,3 and I absoloutly agree but I would like to have an example if it is possible ,I mean what is your 3 steps to valid the setup and before taking positions?

3)Many of you talk about Psychology in trading but could you give me example?


4)Does anyone trade the 15 mn charts eur/jpy or gbp/usd?It is more difficult than bigger timeframe and why?

I hope that I am not disturbing you with my questions!

Thanks a lot

HENRI

As you express this, I feel frustration and heavy emotion. A big part of learning to become a professional trader is to silence the emotions. I hear impatience, greed, and unrealistic expectations. You say you are earning money with no problem, but it is not enough. Either you have not controlled the greed factor, or your account is too small for the amount of profits you are seeking. You must patiently build your account, using good management principles, or you must find a way to add funds to your account in addition to what you earn from trading. I would caution you on adding funds, if you have not developed good trading principles. You will just lose more money. Build your account with discipline and good trading habits. Look at your money as your babies. Babies do not grow overnight. You must nurture them with good parenting skills. You cannot get impatient with them when they make mistakes or do not give you the outcome you want. Vahid's program is not designed to make you rich on his signals. He is doing his part of the deal. You say you are earning money. Are you doing your part? His program says "Earn while you learn". He is helping you to earn, are you learning".
Your screen sounds like most people's desktop, CLUTTERED!! You have got to simplify. I check all timeframes for a pair from one window for that pair. If I open GPD/USD I use the timeframe buttons to switch back and forth in the same window.
You will develop your own strategy as you go, picking up pieces from here and there. Right now, sounds like you arre just beginning, so you are borrowing Vahid's strategy. That is wise because Vahid has a proven strategy. But in addition to Vahid's teachings, you must devote personal time to further your education on your own. I do a ton of reading, most content is free on the internet. If Vahid makes reference to something that I don't fully understand or know about, rather than asking him a lot of questions, I search it out on the web. I did that when he made reference to Andrews Pitchforks, and Saucers and Cups. I now have a better understanding of them.
You have got to watch your thinking process while you are trading. Are you Anxious and always checking the trade? Then maybe you are risking too much and worrying about losing. Are you frustrated when you make a profitable trade but it is only $20.00 profit? maybe your expectations are not realistic for your account size. You must give yourself time to build up experience and with experience will come expertise, and with expertise will come confidence. It is a growth process and all growth takes time and can be difficult. That is why patience must be the guiding force. Read material on the Psychology of trading. Mark Douglas has written excellent material on the Psychology of trading and "Trading in the Zone". Google his name.

I have. It takes time and again patience, and a lot of sitting in front of the monitor. I work full time so I cannot devote the time to short time frames, plus I have found that I was scalping the small time frames to crank out 10 to 20 pips, wasting good pips on spreads, when good analysis of longer timeframes would give me double that without the stress.
I apologize to you and all members for being lengthy, but your situation hits so close to home. I was where you are. I had to let go of my impatience, and unrealistice time frames for success. I had to realize that with Forex I could reach my ultimate financial goals slowly and surely, or I could be bankrupt fast. I have chosen the slow and sure route. And you know, compared to anything else, it really is not that slow. If you follow Vahid's guidance and pay attention, humble yourself and learn, go the extra mile and learn more on your own, you have the opportunity to make a great income in a relatively short time. People spend years in college and don't earn what you can in a couple of years with good trading habits, and you will love your work better than them. My apology to everyone for my rant.

Vincent

Hi Henri,

I have the profile that you can download too. Each currency pair only has one window. I shift to different time frames.



I find support/resistance lines and I enter after their breakout.



How buyers/sellers think and decide to buy or sell is the psychology of the market. Price movement is nothing but buyers and sellers decisions and actions. So whatever we say when analyzing the market is in fact the psychology of the market. When we say the price will go up it means buyers will buy and we will have more buying than selling in the market and visa versa...



There is no difference. Signals are signals no matter on what time frame. It is only your stop loss and targets that differ when you work with different time frames. Additionally, with the smaller time frames you will have less time to decide and enter.

Hi Vincent,

Thank you for the time you spent to answer Henri's questions. We were both answering at the same time

Dear Vincent,Vahid and others

Firstly I want to thanks Vincent for taking your time for me.I am slowly following the the rules and your advice.I say "slowly" because as you know it is very very very difficult to control emotion.But I am learning.

Secondly, I didn't want to mean that I earn money easily with Vahid 's programm (but It is difficult to explain for me in English).What I wanted to mean is : I follow Vahid's reports and then I make profitable trades but my aim is to start finding setup by myself to compare with the report what is not possible for the moment because I have no experience.

Finally: I never see a forum like this where you take care of other people like this and it is very nice...


Thanks

HENRI

Hi Henri,

You are welcome

It takes time. You should be patient. Maybe one day I will write my forex story and the stages I passed and the losses that I had until I saw myself in a level that I could make profit consistently. God knows how many times I decided to give up but then I told myself I try it one more time. I didn't have any real teacher and those who were around me caused me to lose more money and waste more time. Soon I found out that I am learning from those who are not real traders and it took me two years to come to that stage to understand who is a real trader and who is not. Now If you tell me someone has tripled his account in one month, I will not become excited, because I know he/she will blow his/her account up the next month. But if you tell me that you know someone who has been making ONLY 1% profit per month, every month, for the past 5 years, I will say Wowwwwwwww! he is a GREAT trader.

Can I pre-order that book now

Jim

You will have a free copy

You are too generous. You can count on me to be an editor if you want.