February 13, 2010
Why boring traders make the most money
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Hello Everyone,
This past week had another handful of great opportunites off of my forex market reversal levels.
One of the trades on the GBP/USD produced a text book setup and an easy 40 - 50 pips. I just made a video that will go over the exact setup details.
One thing I wanted to mention is that succesful trading is about learning a few good high probability setups and then trading them over and over again. As mater of fact… When you are really on a roll, it will seem almost boring.
BORING is good as it signifies that you are executing your trades perfectly and you are at the stage where you can almost take the trades in your sleep.
Now the opposite of BORING is DRAMA and… If your trading is full of drama then odds are you are making all kinds of mistakes and always feel out of sync with the market.
Once again… The secret to be a boring trader is to master a few trading setups and trade them the same over and over again.
REMEMBER… BORING = $$$
VIDEO OF THE WEEK:
To watch video highlights of trades from last week, simply click here:
Please note that the video could take a few minutes to play depending on you internet conection speed. If you are still having trouble please go to www.adobe.com and install the latest vesrion of their "Flash Player".
Until next week, peace and prosperity,
Jeff Wilde
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Key Market Reversal Levels for |
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GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.6253 | 1.4211 | 92.61 | 147.41 | 128.73 |
| Turning Point Down #2 | 1.6000 | 1.4000 | 91.33 | 145.00 | 126.29 |
| Turning Point Down #1 | 1.5767 | 1.3750 | 90.41 | 142.47 | 123.75 |
| Turning Point Up #1 | 1.5532 | 1.3527 | 89.14 | 139.83 | 120.70 |
| Turning Point Up #2 | 1.5333 | 1.3378 | 87.94 | 137.52 | 117.55 |
| Turning Point Up #3 | 1.5122 | 1.3221 | 86.70 | 135.00 | 115.00 |
| Intermediate Trend Direction |
Down | Down | Up | Down | Down |
| Major Trend Direction | Down | Down | Down | Down | Down |
| Comments | |||||
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***VERY IMPORTANT: If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it. This will also explain what the abbreviations I use mean. To get all the details click this link: Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE: |
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Filed under Blog by Jeffrey Wilde
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Comments on Why boring traders make the most money »
Hi Jeff, I have started using your reversal numbers and cant believe how powerful they are. I have only been trading them on demo but definately up a bundle.Do you also have nos. for us can and aud us.I also saw your add about joining Black Dog Trading and signed up. I would also like to recommend them.. Their system really works. I would like to thank you for your honesty and reliability. So far in this business people like you are few and far between Thank You Again Terry