This is an easy way to share screen captures for chart sharing in the comments section.

I hope this helps! 

E = Entry
SL=Stop Loss
PT = Profit Target
TL = Trendline

Click these links for video tutorials:
What’s on my charts?
What does “long above…” and “short below…” mean?
Where do the stops go?

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You can load historical data into your platform and move the screen forward, candle by candle, and test the setups that you like.

I backtested that way for YEARS and, as long as you mine your own data, it will work just fine.

I use Forex Tester now.

It is a software program that acts like a live trading platform, only it uses historical data.  It has a mean learning curve, but is well worth the effort (in my opinion) as it saves a ton of time overall.

You can review the Forex Tester information at www.forextester.com

If you think you’re ready to buy, you can click here  to buy it at a discounted price.  This is my price, I have not raised it at all.  Instead, I’ve passed the entire savings onto you.  I don’t get anything from FXT for referring you.  I’m simply telling you what I use.

If you’ve decided to buy it and you’ve already worked with Forex Tester to get it on your computer, you can use these videos to help you in the setup process:

Forex Tester Step One
Forex Tester Step Two
Forex Tester Step Three
Forex Tester Step Four

Here’s the Short List mentioned in the videos.

Here are some videos to help you use it for the first time:

Setting up the Charts
Loading Candles and Tools
Testing Options
Sample Testing

Here’s a great way to mine the data!

Download the TurboTester Spreadsheet (can’t take credit for this one, Rob Booker created it and gave me permission to share it with you).

Exporting Data to the TTS

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Thank you, all, for understanding why I’m not trading this week and supporting me in that decision.

To those of you who are trading I hope you’ve had a superb week and that you’ll join me on the blog and at next week’s webinars.

Have a great rest of your week and I’ll see you on Monday! 

Be good to you!
Triffany

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Watchlist Webinars are free to members and happen on Monday’s and Wednesday’s  at 8am EDT.  You can register to attend using the link on the side of the blog that says “[name of month]’s wlw link”.  You’ll receive reminders for the month that you’re registered from Citrix.  Once a new month begins you’ll have to register for the new room using the same link in the sidebar of the blog.

There are also free webinars at FX Street (www.fxstreet.com) on Tuesdays at 12:00 (noon) EDT.

The U/CHF 4h upside down Head and Shoulders would need to trigger w/ a close above 1.0640.  Since it has started to consolidate around the second shoulder I’d consider the short on a close below 1.0563 as well.

E/U on a close below or a bounce off of 1.3468

G/J on a close below or a bounce off of 135.15

That’s really all I’d be watching.  Again, the economic calendar is just all over the place with no real consensus on any of the major economies. 

What do you think?  Are things lining up for your trading style or is it a good week for you to stay out?

The E/U triggered at the top of the hour and the U/J didn’t even give an opportunity to take the trade.  U/CHF is trying to trigger an upside down H/S on the 4h chart.

You probably won’t be hearing too much from me in regard to trading this week.  Party because I don’t like the conditions that are setting up with the fundamentals being all over the spectrum as well as the technicals being at critical psychological levels that provide for whipsaw conditions.  But also because I have too much on my plate this week to stay objective and manage my trades well.

But I hope that you will stay in touch with each other here and I’ll chime in when I can. 

So tell me…what is your favorite setup at the moment?

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Watchlist Webinars are free to members and happen on Monday’s and Wednesday’s  at 8am EDT.  You can register to attend using the link on the side of the blog that says “[name of month]’s wlw link”.  You’ll receive reminders for the month that you’re registered from Citrix.  Once a new month begins you’ll have to register for the new room using the same link in the sidebar of the blog.

There are also free webinars at FX Street (www.fxstreet.com) on Tuesdays at 12:00 (noon) EDT.

Or download it here.

What are you watching/trading?

Tuesday, for seemingly no reason at all, my computer kept dumping my internet connection and kept me from another important webinar and away from communicating effectively with my students.

Though unanticipated computer problems are common issues for traders it did bring to mind that as much as I talk about having a plan and sticking to the plan, building a routine and using that routine to our benefit, there are times when things simply do not go as we intended.

This happens to everyone at some point, yet each time it is as much of a surprise as the the last, as though we’ve actually come to expect that contingencies just shouldn’t happen simply because we believe they shouldn’t.

Although this week didn’t start as I’d planned, or as I’d liked, it was a great reminder to me that we live on this extraordinarily dynamic planet and that we are developing human beings in a highly volatile market.  Sounds like a recipe for disaster if you’re one who cannot roll with the punches!

With this in mind it was easy for me to say, “Well, Plan A didn’t work out.  What will plan B look like?”  It wasn’t hard for me to decide, actually.  Since the highly logical Plan A, for some reason was unavailable to me, I immediately went to the opposite direction and looked to the creative.  I practiced piano and guitar.  I finished reading a book and did some yoga. 

Ultimately, it ended up being a highly productive day for me in ways that I didn’t even know I needed.  I felt refueled and energized.  It made me realize that I’d been given a gift with what seemed, initially, to be a rude interruption of my intentions.  Because I was able to embrace it having the unexpected time away from my computer was used it to my advantage.

Yea for me (this time), but that hasn’t always been easy for me and I know it is not easy for most.  It seems that the precise moment we feel like we have everything under control is the setup for a lesson that proves we are merely taking part in the Life that moves around us…we do not control much at all. 

Traders, who deal with so many levels of risk (Market Risk, Economic Risk, Interest Risk and Political Risk just to name a few) know this better than most.  We make money and lose money based on the whims of too many outside forces.  But with purpose, practice and presence we can learn to control ourselves and by so doing we can learn to find what is just right for us, in any condition.

So, tell me… how do you handle it when your plan or routine falls through?  Is it easy for you to switch gears or do you find that yourself fighting to make the plan work?  Is there ever a time when you’ve noticed the strenght or weakness in that tendency reflect in your trading?