How to make consistent profit trading forex? Your conviction my plan
I want to make consistent profits trading forex. How can I do it?
A student asked:
How to get the 15,000 pips win listed in blog post? Kneel and pray for my Sentosa Cove Condo?
Let me share with you my two part recipe.
Part 1 – Steel yourself with conviction to succeed
Every trade that I did, every trade that you read about is carefully planned.
Despite the best plan however, the moment a trade position is opened the outcome is determined by the market. You can be the best shooter with a gun but this is a moving target so don’t expect it to be easy like a walk in the park.
There are days or weeks that market the market will toss us around. But by consistently acting according to our trading plan, high probability odds and risk management will give us every chance to make money.
You must have the conviction to succeed by staying the course no matter what it takes. I believe that this is part of a winning psychology. We cannot hand out conviction to succeed to you during a trading course. But we can cultivate it inside you and give you support as a community.
Consistent profits come from running marathon, not a 100 metre dash
We had 2 losing weeks out of 30 trading weeks. Those two weeks to some students were horrible. But if you look at the overall trading performance as a series, we made about 15,000 pips. See this 30-week Tflow® Trade Performance we prepared.
Never mind the timing for your 100 metre dash because when it comes to making consistent profit trading forex, we are running a marathon.
Here’s what Dennis Lee said in our twitter stream “Thx for the tip off Binni! Managed 241 ticks in Gold ;) Great start to the week after last week’s”
@terraseeds Thx for the tip off Binni! Managed 241 ticks ;) Great start to the week after last week's.
— Dennis Lee (@mrdennislee) October 1, 2013
I have a strong winning psychology. So what’s next?
Part 2 – Follow my plan
This is my plan. I follow my own Tflow® Forex Strategy everyday without deviation. The strategy calls for identifying recurring patterns. One pattern I call the 1234 helped us make money when the US Government shut down last week.
US Government Shutdown triggered selling in Gold.
24 hours before its fall
Looking at some $xauusd weakness if it is below 1329. Currently mapping a 1234.
— TerraSeeds FX Tflow® (@terraseeds) September 30, 2013
Students who followed my plan made money
@terraseeds that was fast ! + 200 in two hours :) thanks Shifu and TFlow
— Jayrome (@jayromelai) October 1, 2013
@terraseeds boom!! Didn't realise Hit profit!!! Fast & furious
— tengchew (@tengchew82) October 1, 2013
@terraseeds wow just checked second half position hit tp easy money :)
— Tamas King (@spitfire852) October 1, 2013
@terraseeds taken profit too! Thanks Binni!
— Ashton (@recce123) October 1, 2013
So how did we spot Gold (XAUUSD)? What did Tflow® students see?
A recurring pattern based on Tflow® underlying principles to Sell HIGH / Buy LOW
Steps to find Tflow® recurring pattern also known as 1234:
1. Find a flow created by smart money
2. Wait for price to come to an optimum sell zone where risk is low, reward is high
3. Wait for trigger to happen base on price action
If you are ready to make consistent profit trading, join my Free Forex Seminar