Forex Secret #14-Parental Advice from General Robert E. Lee That Can Crank Up Your FX Profits

Having trouble viewing this? Check out the online version. FX Secret #14 Parental Advice from General Robert E. Lee That Can Crank Up Your FX Profits   Dear FX Top Gun, The look in their eyes was intense – a longing hunger to learn the wisdom of a lifetime in one brief encounter. He returned their gaze with equal solemnity and earnestness – a deep desire to not merely mouth a few words, but to truly make a difference. Both were rewarded by the encounter – and you too can reap some lucrative rewards… if you follow the advice. In his later years, it so happened that one day a nice young couple approached the once mighty General Robert E. Lee. In their arms the eager parents carried a precious new baby. “General Lee, what one lesson should we teach our babe so that he can grow up to be a great man?”  “Teach him that he must deny himself!” The concept is simple, yet remarkably profound. In the end, it is the very thing that radically separates the greatness from mediocrity. In the Forex trading room the concept becomes essential. With the flurry of trades and emotions that can go on… and with charts jumping all over the place… you must deny yourself the exciting glee of doing something… and discipline yourself to stick to the plan… and trade with controlled emotion. You can’t eliminate emotions completely, but you can manage them.  The best way to do this is to have a mechanical approach to your trading.  Here’s an outline of the best way you can do that. You’ll notice that it involves a number of the secrets I’ve been sharing. Specifically, Secret #5, #9, #10 and #11. If you don’t remember those rules… or have never read them… get them now, before reading on. Ok, got it? Awesome! Then let me give you full thrust of this ESSENTIAL secret… Once you have a profitable system based on certain indicators, enter the market on that basis.  In other words, IF A, B AND C occur, I enter.  The same thing should occur to exit the market.  IF A, B OR C occur, I exit.  No other explanation or rationale is acceptable.  Let me repeat that so that you don’t miss it… No other explanation or rationale is acceptable. Once you place a trade, it can only do one of 2 things:  Exits at your profit target proving you right   OR   Exits at your stop loss proving you wrong.    Either one is a successful trade.  Now, let me give you some specifics on what A, B, C and D are, so you can see exactly what I base my strategies on… In my trading, I use pivot points and fib levels to enter at a specific price.  I also use those same indicators to exit.  So, if I see a resistance pivot point on the EUR/USD at 1.3500 (which is my A indicator) and my other indicators are in line with a short (B - fib level), (C - top of the Keltner channel), (D - little to no buy pressure/divergence, etc) and I see a support pivot down at 1.3450, then I know I can place the following trade:   Short @ 1.3500, Profit target @ 1.3450, Stop Loss @ 1.3510   I can place the entire trade including exits at the same time upon entry and then… I simply step back and let the trade go.  Yup, I leave it alone. I could go golfing or take a nap if I wanted to.  It will either hit my target and make me money… or prove me wrong and take me out with a small loss.    The Strategy Is The Power Behind My Profits   It is my strategy that allows me to be emotionally detached and consistently profitable. The way I set up my trades makes it so that I only have to be right 40% of the time to win! (See Secret #13 for details on this play) But, considering I am playing great odds with strong resistance and support indicators, I will do much better than winning 40% of the time.  Plus, no emotions! This means that my returns are higher and stress levels are lower. Both of these things lead to a much nicer lifestyle where I’ve got plenty of income and the positive attitude to keep momma and kids happy. So, can you see why General Lee’s counsel was so powerful to us Forex traders? Deny yourself the luxury of high emotions and random strategic flip-flops and you’ll enjoy higher returns and lower stress. Here’s To Your FX Trading Success, DC Bonta, The world’s #1 FX money manager   ******************************************************************* Editor’s Note: DC Bonta has consolidated a wide assortment of his most powerful profit-generating tools inside of www.fxnationlive.com. ******************************************************************* You have received this email as a participant of the FX Nation Live program...!unsubscribe_link! Risk Disclosure Unique experiences and past performances do not guarantee future results! Testimonials herein are unsolicited and are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading stocks, futures, options and spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.  U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Forex, Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. 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THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. Don't trade with money you can't afford to lose. Nothing in our course or website shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money.