Meddling Behavior, is it love or is it unecessary bad habitual abuse of power? 8/29/18

I believe there are way too much regulations out there especially in the financial industry.  For example, true Hedging is no longer allowed in the United States.   Additionaly, leverage has also been reduced somewhat and really reduced down in the European nation.

Well, this goes to show how ignorant some people are.   More rules leads to unecessary restriction and unecessary losses in business.  By connecting the dots, one can see that restricting customers success in reality is basically restricting business success, meaning less customers (if any left) equal less profits.

Perhaps in the end, winning will also be restricted and therefore, all forms of businesses are no longer allowed to exist.  No businesses means no people which means no country.  A country without people, is that not brilliant?

This is what I sense unconsciously.  What annoys me is that when the regulators were succesful, they see no need to add rules.  However, when others start succeeding, the system is no good and more rules must be added.

I mean new rules are constantly added to fix the system, yet we are not much different today than yesterday.   The only difference, we got a bunch of unecessary rules.

By rationalizing and then claiming they are saving the system, the country, the people from failure, they added way too much shit rules.

Well, maybe we should start limiting lottery ticket buys too because they have been winning way too much money.  People MUST be restricted to buy one ticket a year only because we are saving them money to pay for their rent, their food, their family, et cetera, et cetera.....

And then there are the casinos, we need to limit casino visits to once every decade only because we are saving them huge lost and it is for their own good.

I mean, people are getting money for NOTHING from the lottery and casino.  Why should people deserve to win when they provide really no service and yet manage to win and make money.

I don't care how things are, but in the end CUSTOMERS must succeed in order for businesses to succeed because the two go hand in hand.  It is like a circuit board, if  winning is disconnected from the customers, there exist an open circuit not allowing further flow to businesses.  Understand??

Trading Steps 8/26/18

This is for newbies.

1) If a daytrader, plan you trade at least 1 day ahead of time.
2) If a weekend or longer term trader, plan your trade once a week.
3) Know your setups, your entry/exit ahead of time.
4) Have a checklist and when price meets your requirement, enter your trade be with or without stops.  Just make sure you know your entry and exit ahead of time.
5) Make sure you make money.  If you ain't making money, your process is not right. 
6) Again, profit is indication of good process.  And no profit usually is indicative of bad process.

Whether you are winning or losing, always review your stuff to improve be with or without a journal.

Trade Prediction for AUDUSD, 8/26/18

I believe the AUDUSD  down trend is clearly OVER.   Now, does that mean people should start buying.   If you have a fear missing out on trade, then go ahead.   Early birds mostly get the glory but not all the time.  Just do not blame anybody when you make a trade.

AUDUSD right now is undergoing rough consolidation.   This means it can make strong move up and strong move down like a spring that goes up and down.

A strong move up does not mean the start of a long trend.   And a strong move down does not mean the continuation of a downtrend.   Yes, the down trend is OVER but this does not suggest that a long trend will start immediately.

Wait and see where the market will lead us and then follow.  Let the market carry us to the pot of gold.

Forex Tip 8/26/18

Stubborness is the death of many a traders.   When I wrote death, I mean busted account of traders.  My system is about flexibility or about going with flow.  Imagine a sailboat that is stubborn, it will probably break down and sink.   Now, imagine a sailboat that is flexible that goes with the flow.

TIP #1 Don't trade based on patterns: most patterns are too subjective and can be argued.

Rather, trade on what plainly you see.  Your eyes are the best evidence source, use them.  If the river or the market is flowing up, then plan your trip accordingly up.  If not, stay out.   Likewise, if you see river flowing down, plan your trip accordingly down.  If you don't have trip plans going that way, then stay out.   Rinse and repeat.

TIP #2 Dont' panic when things go sour.

A river can be curvy and stormy.   If you cannot handle, then get a mentor.   If ego gets in the way, then do something else.  This market is about making money and not about building ego.

Forex Rant 8/26/18

Wow.  There is so much money to be made in Forex, yet people are not in to reap the rewards.  I guess people are either too ignorant about this market or too busy wasting their life away on something.

Anyhow, Forex is just a brother of the Stock Market.   They are basically the same.  If you know the Stock Market, you basically know Forex.

Personally, I prefer Forex because my head likes to stay focus.  In the Stock Market, there are way too many companies to research.  My head is limited and not loaded with gigabytes of memories.

My ranting is not organize and not coherent, I write on the spur on the moment.

Anyhow, people need to get into this market and start trading.  There was a law, The Law of Pareto, that I once admired.  However, it is out the door.   Basically, this law says 20% of your work or effort brings out the result and 80% is useless.  Hmm??? I doubt it.  Thinking like this and I will certainly not use my bring capacity or effort to its  fullest capacity.  I will always be doing 20% only, not good!

Stubborn people still use Pareto's law but not me.  Majority of people know this law and follow this law, yet 95% of people are always losers.   I think I see a relationship.  Follow this myth and YOU WILL NEVER gain experience because you are always down in the 20% capacity only.  I hope you get it.  YOU NEED "live" experiences as much as many as you can NOT just 20% of the time!

If you have to lose some money so be it because it will all be the worthwhile.   All businesses have costs such as storage cost, inventory cost, and employee cost.  Let go the greed and accept the cost as worthwhile expenses for greater profits.