Zen Trading
The rules, From Memory,
#1
Establish the flow of trade that you would like to do for the day, i.e. “Buy” or “Sell”. Stay with that for the day, or if you happen to be stuck with it by not being able to have all your trades closed at the end of the day. (Having all your trades closed at the end of the day is a good goal)
#2
Practice placing market orders. Once the order that you placed has “ONE” pip profit or more, cash the order out.
#3
On Tuesdays and Thursdays you follow rule #1 and do the opposite.
While practicing the timing of hitting at the tops of green candles sells. The bottoms of reds for buys. I try to space things out buy a minimum or 2-4 pips before placing another order. I get’s you so your never afraid to take a profit and if you wait to long seeing you lost you chance. You get to interpret and do what you want, Hence the Zen
Let’s see where did I leave off:
Daily Zen Trading Log June wk1
Week totals
$133,182.81 @ 15:00 6-3-10
$125,383.24 @ 15:00 6-1-10
$ 7,799.57
6-2-10 Wed.
EUR/USD
$126,732.18 @ 15:00 6-2-10
$125,383.24 @ 15:00 6-1-10
$ 1,348.94
6-3-10 Thur.
EUR/USD
$133,182.81 @ 15:00 6-3-10
$126,732.18 @ 15:00 6-2-10
$ 6,450.63
Daily Zen Trading Log June wk2
Week totals
$165.380.01 @ 10:10 6-11-10
$133,180.02 @ 15:00 6-4-10
$ 32,199.99
I must have learned something. I had to call it something. I just changed a few of the rules to make more money with less trades. Practice is still practice. Sorry for calling it Zen money making I had to call it something.
I’m working on writing “Mistakes in practice and how to make your practiced real.”