wadesworld

Step 4 - Conscious Competence
 
You are making trades whenever your system tells you to.
 
You take losses just as easily as you take wins
 
You now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it looses and when you're on a loser you close it swiftly with little pain to your account
 
You are now at a point where you break even most of the time - day in day out, you will have weeks where you make 100 pips and weeks where you lose 100 pips - generally you are breaking even and not losing money.
 
You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away.
 
You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently.
 
You'll start the day on a 20 pip win, take a 35 pip loss and have no feelings that you've given those pips back because you know that it will come back again.
 
You will now begin to make consistent pips week in and week out 25 pips one week, 50 the next and so on.
 
This lasts about 6 months
 
Step Five - Unconscious Competence
 
Now we’re cooking - just like driving a car, every day you get in your seat and trade
- you do everything now on an unconscious level.
 
You are running on autopilot.
 
You start to pick the really big trades and getting 200 pips in a day doesnt make you any more excited that getting 1 pips.
 
You see the newbies in the forum shouting 'go dollar go' as if they are urging on a horse to win in the grand national and you see yourself - but many years ago now.
 
This is trading utopia - you have mastered your emotions and you are now a trader with a rapidly growing account.
 
You're a star in the trading chat room and people listen to what you say.
 
You recognise yourself in their questions from about two years ago.
 
You pass on your advice but you know most of it is futile because they're teenagers - some of them will get to where you are - some will do it fast and others will be slower - literally dozens and dozens will never get past stage two, but a few will.
 
Trading is no longer exciting - in fact it's probably boring you to bits - like everything in life when you get good at it or do it for your job - it gets boring - you're doing your job and that's that.
 
Finally you grow out of the chat rooms and find a few choice people who you
converse with about the markets without being influenced at all.
 
All the time you are honing your methods to extract the maximum profit from the market without increasing risk.
 
Your method of trading doesn’t change - it just gets better - you now have what women call 'intuition'
 
You can now say with your head held high "I'm a currency trader" but to be honest you don’t even bother telling anyone - it's a job like any other.
 
I hope you’ve enjoyed reading this journey into a traders mind and that hopefully you’ve identified with some points in here.
 
Remember that only 5% will actually make it - but the reason for that isn’t ability, its staying power and the ability to change your perceptions and paradigms as new information comes available.
 
The losers are those who wanted to 'get rich quick' but approached the market and within 6 months put on a pair of blinkers so they couldn’t see the obvious - a kind of "this is the way i see it and thats that" scenario - refusing to assimilate new information that changes that perception.
 
I’m happy to tell you that the reason i started trading was because of the 'get rich quick' mindset.
Just that now i see it as 'get rich slow'
 
If you’re thinking about giving up i have one piece of advice for you ....
Ask yourself the question "how many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?
 
Take care and good trading to you all.
 
Don't know the author but this is timeless trading wisdom.

The 5 Steps to becoming a trader
 
Step One: Unconscious Incompetence.
 
This is the first step you take when starting to look into trading.
 
You know that its a good way of making money because you've heard so many things about it and heard of so many millionaires.
 
Unfortunately, just like when you first desire to drive a car
you think it will be easy - after all, how hard can it be?
 
Price either moves up or down - what's the big secret to that then – let’s get cracking!
 
Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven't got the first clue about what you're trying to do.
 
You take lots of trades and lots of risks. When you enter a trade it turns against you so you reverse and it turns again and again, and again.
 
You may have initial success, and thats even worse - cos it tells your brain that this really is simple and you start to risk more money.
 
You try to turn around your losses by doubling up every time you trade.
 
Sometimes you'll get away with it but more often than not you will come away scathed and bruised
 
You are totally oblivious to your incompetence at trading.
 
This step can last for a week or two of trading but the market is usually swift and you move on the next stage.
 
Step Two - Conscious Incompetence
 
Step two is where you realize that there is more work involved in trading and that you might actually have to work a few things out.
 
You consciously realize that you are an incompetent trader - you don't have the skills or the insight to turn a regular profit.
 
You now set about buying systems and e-books galore, read websites based everywhere from USA to the Ukraine and begin your search for the holy grail.
 
During this time you will be a system nomad - you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does
work.
 
Every time you come upon a new indicator you'll be ecstatic that this is the
one that will make all the difference.
 
You will test out automated systems on Metatrader, you'll play with moving
averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI, ADX, and a hundred other things all in the vein hope that your 'magic system' starts today.
 
You'll be a top and bottom picker, trying to find the exact point of reversal
with your indicators and you'll find yourself chasing losing trades and even adding to them because you are so sure you are right.
 
You'll go into the live chat room and see other traders making pips and you want to know why it's not you - you'll ask a million questions, some of which are so dumb that looking back you feel a bit silly.
 
You'll then reach the point where you think all the ones who are calling pips after pips are liars - they can’t be making that amount because you've studied and you don't make that, you know as much as they do and
they must be lying.
 
But they're in there day after day and their account just grows whilst yours falls.
 
You will be like a teenager - the traders that make money will freely give you advice but you're stubborn and think that you know best - you take no notice and overtrade your account even though everyone says you are mad to - but you know better.
 
You'll consider following the calls that others make but even then it wont work so you try paying for signals from someone else - they don't work for you either.
 
You might even approach a 'guru' like Rob Booker or someone on a chat board who promises to make you into a trader (usually for a fee of course).
 
Whether the guru is good or not you won’t win because there is no replacement for screen time and you still think you know best.
 
This step can last ages and ages - in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years.
 
This is also the step when you are most likely to give up through
sheer frustration.
 
Around 60% of new traders die out in the first 3 months - they give up and this is good - think about it - if trading was easy we would all be millionaires. another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does.
 
What may suprise you is that of the remaining 20% all of them will last around 3 years - and they will think they are safe in the water - but even at 3 years only a further 5-10% will continue and go on to actually make money consistently.
 
By the way - they are real figures, not just some I’ve picked out of my head - so when you get to 3 years in the game don’t think its plain sailing from there.
 
I’ve had many people argue with me about these timescales - funny enough none of them have been trading for more that 3 years - if you think you know better then ask on a board for someone who's been trading 5 years and ask them how long it takes to become fully 100% proficient.
 
Sure i guess there will be exceptions to the rule - but i havent met any yet.
 
Eventually you do begin to come out of this phase.
 
You've probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now its in your blood
 
One day – In a split second moment you will enter stage 3.
 
Step 3 - The Eureka Moment
 
Towards the end of stage two you begin to realize that it's not the system that is making the difference.
 
You realize that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right
 
You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.
 
This eureka moment causes a new connection to be made in your brain.
 
You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.
 
Because of this revelation you stop taking any notice of what anyone thinks - what this news item will do, and what that event will do to the markets.
 
You become an individual with your own method of trading
 
You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold.
 
You start to take every trade that your 'edge' shows has a good probability of
winning with.
 
When the trade turns bad you don't get angry or even because you
know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it .
 
The next trade or the one after it or the one after that will have higher odds of success because you know your system works.
 
You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make.
 
You have realised in an instant that the trading game is about one thing -
consistency of your 'edge' and your discipline to take all the trades no matter what as you know the probabilities stack in your favour.
 
You learn about proper money management and leverage - risk of account etc etc - and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile.
 
You weren't ready then, but you are now.
 
The eureka moment came the moment that you truly accepted that you cannot predict the market.

[sHARE]ALL MY FILES~well almost all....
 
Here is a good way to get into the sharing spirit at II. Help Yourself Everything is in Alphabetical Order.....ENJOY!!!!
 
P.S. ...Please DON'T hit the thanks button unless you find something that can be usefull to you. Awesome....ENJOY!!!!
 
http://www.mediafire.com/?mnkksppt3cqqe
 
Check back or PM me for updates....PEACE..:)>-:)>-:)>-

Step 4 - Conscious Competence
 
You are making trades whenever your system tells you to.
 
You take losses just as easily as you take wins
 
You now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it looses and when you're on a loser you close it swiftly with little pain to your account
 
You are now at a point where you break even most of the time - day in day out, you will have weeks where you make 100 pips and weeks where you lose 100 pips - generally you are breaking even and not losing money.
 
You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away.
 
You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently.
 
You'll start the day on a 20 pip win, take a 35 pip loss and have no feelings that you've given those pips back because you know that it will come back again.
 
You will now begin to make consistent pips week in and week out 25 pips one week, 50 the next and so on.
 
This lasts about 6 months
 
Step Five - Unconscious Competence
 
Now we’re cooking - just like driving a car, every day you get in your seat and trade
- you do everything now on an unconscious level.
 
You are running on autopilot.
 
You start to pick the really big trades and getting 200 pips in a day doesnt make you any more excited that getting 1 pips.
 
You see the newbies in the forum shouting 'go dollar go' as if they are urging on a horse to win in the grand national and you see yourself - but many years ago now.
 
This is trading utopia - you have mastered your emotions and you are now a trader with a rapidly growing account.
 
You're a star in the trading chat room and people listen to what you say.
 
You recognise yourself in their questions from about two years ago.
 
You pass on your advice but you know most of it is futile because they're teenagers - some of them will get to where you are - some will do it fast and others will be slower - literally dozens and dozens will never get past stage two, but a few will.
 
Trading is no longer exciting - in fact it's probably boring you to bits - like everything in life when you get good at it or do it for your job - it gets boring - you're doing your job and that's that.
 
Finally you grow out of the chat rooms and find a few choice people who you
converse with about the markets without being influenced at all.
 
All the time you are honing your methods to extract the maximum profit from the market without increasing risk.
 
Your method of trading doesn’t change - it just gets better - you now have what women call 'intuition'
 
You can now say with your head held high "I'm a currency trader" but to be honest you don’t even bother telling anyone - it's a job like any other.
 
I hope you’ve enjoyed reading this journey into a traders mind and that hopefully you’ve identified with some points in here.
 
Remember that only 5% will actually make it - but the reason for that isn’t ability, its staying power and the ability to change your perceptions and paradigms as new information comes available.
 
The losers are those who wanted to 'get rich quick' but approached the market and within 6 months put on a pair of blinkers so they couldn’t see the obvious - a kind of "this is the way i see it and thats that" scenario - refusing to assimilate new information that changes that perception.
 
I’m happy to tell you that the reason i started trading was because of the 'get rich quick' mindset.
Just that now i see it as 'get rich slow'
 
If you’re thinking about giving up i have one piece of advice for you ....
Ask yourself the question "how many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?
 
Take care and good trading to you all.
 
Don't know the author but this is timeless trading wisdom.

The 5 Steps to becoming a trader
 
Step One: Unconscious Incompetence.
 
This is the first step you take when starting to look into trading.
 
You know that its a good way of making money because you've heard so many things about it and heard of so many millionaires.
 
Unfortunately, just like when you first desire to drive a car
you think it will be easy - after all, how hard can it be?
 
Price either moves up or down - what's the big secret to that then – let’s get cracking!
 
Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven't got the first clue about what you're trying to do.
 
You take lots of trades and lots of risks. When you enter a trade it turns against you so you reverse and it turns again and again, and again.
 
You may have initial success, and thats even worse - cos it tells your brain that this really is simple and you start to risk more money.
 
You try to turn around your losses by doubling up every time you trade.
 
Sometimes you'll get away with it but more often than not you will come away scathed and bruised
 
You are totally oblivious to your incompetence at trading.
 
This step can last for a week or two of trading but the market is usually swift and you move on the next stage.
 
Step Two - Conscious Incompetence
 
Step two is where you realize that there is more work involved in trading and that you might actually have to work a few things out.
 
You consciously realize that you are an incompetent trader - you don't have the skills or the insight to turn a regular profit.
 
You now set about buying systems and e-books galore, read websites based everywhere from USA to the Ukraine and begin your search for the holy grail.
 
During this time you will be a system nomad - you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does
work.
 
Every time you come upon a new indicator you'll be ecstatic that this is the
one that will make all the difference.
 
You will test out automated systems on Metatrader, you'll play with moving
averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI, ADX, and a hundred other things all in the vein hope that your 'magic system' starts today.
 
You'll be a top and bottom picker, trying to find the exact point of reversal
with your indicators and you'll find yourself chasing losing trades and even adding to them because you are so sure you are right.
 
You'll go into the live chat room and see other traders making pips and you want to know why it's not you - you'll ask a million questions, some of which are so dumb that looking back you feel a bit silly.
 
You'll then reach the point where you think all the ones who are calling pips after pips are liars - they can’t be making that amount because you've studied and you don't make that, you know as much as they do and
they must be lying.
 
But they're in there day after day and their account just grows whilst yours falls.
 
You will be like a teenager - the traders that make money will freely give you advice but you're stubborn and think that you know best - you take no notice and overtrade your account even though everyone says you are mad to - but you know better.
 
You'll consider following the calls that others make but even then it wont work so you try paying for signals from someone else - they don't work for you either.
 
You might even approach a 'guru' like Rob Booker or someone on a chat board who promises to make you into a trader (usually for a fee of course).
 
Whether the guru is good or not you won’t win because there is no replacement for screen time and you still think you know best.
 
This step can last ages and ages - in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years.
 
This is also the step when you are most likely to give up through
sheer frustration.
 
Around 60% of new traders die out in the first 3 months - they give up and this is good - think about it - if trading was easy we would all be millionaires. another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does.
 
What may suprise you is that of the remaining 20% all of them will last around 3 years - and they will think they are safe in the water - but even at 3 years only a further 5-10% will continue and go on to actually make money consistently.
 
By the way - they are real figures, not just some I’ve picked out of my head - so when you get to 3 years in the game don’t think its plain sailing from there.
 
I’ve had many people argue with me about these timescales - funny enough none of them have been trading for more that 3 years - if you think you know better then ask on a board for someone who's been trading 5 years and ask them how long it takes to become fully 100% proficient.
 
Sure i guess there will be exceptions to the rule - but i havent met any yet.
 
Eventually you do begin to come out of this phase.
 
You've probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now its in your blood
 
One day – In a split second moment you will enter stage 3.
 
Step 3 - The Eureka Moment
 
Towards the end of stage two you begin to realize that it's not the system that is making the difference.
 
You realize that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right
 
You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.
 
This eureka moment causes a new connection to be made in your brain.
 
You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.
 
Because of this revelation you stop taking any notice of what anyone thinks - what this news item will do, and what that event will do to the markets.
 
You become an individual with your own method of trading
 
You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold.
 
You start to take every trade that your 'edge' shows has a good probability of
winning with.
 
When the trade turns bad you don't get angry or even because you
know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it .
 
The next trade or the one after it or the one after that will have higher odds of success because you know your system works.
 
You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make.
 
You have realised in an instant that the trading game is about one thing -
consistency of your 'edge' and your discipline to take all the trades no matter what as you know the probabilities stack in your favour.
 
You learn about proper money management and leverage - risk of account etc etc - and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile.
 
You weren't ready then, but you are now.
 
The eureka moment came the moment that you truly accepted that you cannot predict the market.

The 5 Steps to becoming a trader
 
Step One: Unconscious Incompetence.
 
This is the first step you take when starting to look into trading.
 
You know that its a good way of making money because you've heard so many things about it and heard of so many millionaires.
 
Unfortunately, just like when you first desire to drive a car
you think it will be easy - after all, how hard can it be?
 
Price either moves up or down - what's the big secret to that then – let’s get cracking!
 
Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven't got the first clue about what you're trying to do.
 
You take lots of trades and lots of risks. When you enter a trade it turns against you so you reverse and it turns again and again, and again.
 
You may have initial success, and thats even worse - cos it tells your brain that this really is simple and you start to risk more money.
 
You try to turn around your losses by doubling up every time you trade.
 
Sometimes you'll get away with it but more often than not you will come away scathed and bruised
 
You are totally oblivious to your incompetence at trading.
 
This step can last for a week or two of trading but the market is usually swift and you move on the next stage.
 
Step Two - Conscious Incompetence
 
Step two is where you realize that there is more work involved in trading and that you might actually have to work a few things out.
 
You consciously realize that you are an incompetent trader - you don't have the skills or the insight to turn a regular profit.
 
You now set about buying systems and e-books galore, read websites based everywhere from USA to the Ukraine and begin your search for the holy grail.
 
During this time you will be a system nomad - you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does
work.
 
Every time you come upon a new indicator you'll be ecstatic that this is the
one that will make all the difference.
 
You will test out automated systems on Metatrader, you'll play with moving
averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI, ADX, and a hundred other things all in the vein hope that your 'magic system' starts today.
 
You'll be a top and bottom picker, trying to find the exact point of reversal
with your indicators and you'll find yourself chasing losing trades and even adding to them because you are so sure you are right.
 
You'll go into the live chat room and see other traders making pips and you want to know why it's not you - you'll ask a million questions, some of which are so dumb that looking back you feel a bit silly.
 
You'll then reach the point where you think all the ones who are calling pips after pips are liars - they can’t be making that amount because you've studied and you don't make that, you know as much as they do and
they must be lying.
 
But they're in there day after day and their account just grows whilst yours falls.
 
You will be like a teenager - the traders that make money will freely give you advice but you're stubborn and think that you know best - you take no notice and overtrade your account even though everyone says you are mad to - but you know better.
 
You'll consider following the calls that others make but even then it wont work so you try paying for signals from someone else - they don't work for you either.
 
You might even approach a 'guru' like Rob Booker or someone on a chat board who promises to make you into a trader (usually for a fee of course).
 
Whether the guru is good or not you won’t win because there is no replacement for screen time and you still think you know best.
 
This step can last ages and ages - in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years.
 
This is also the step when you are most likely to give up through
sheer frustration.
 
Around 60% of new traders die out in the first 3 months - they give up and this is good - think about it - if trading was easy we would all be millionaires. another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does.
 
What may suprise you is that of the remaining 20% all of them will last around 3 years - and they will think they are safe in the water - but even at 3 years only a further 5-10% will continue and go on to actually make money consistently.
 
By the way - they are real figures, not just some I’ve picked out of my head - so when you get to 3 years in the game don’t think its plain sailing from there.
 
I’ve had many people argue with me about these timescales - funny enough none of them have been trading for more that 3 years - if you think you know better then ask on a board for someone who's been trading 5 years and ask them how long it takes to become fully 100% proficient.
 
Sure i guess there will be exceptions to the rule - but i havent met any yet.
 
Eventually you do begin to come out of this phase.
 
You've probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now its in your blood
 
One day – In a split second moment you will enter stage 3.
 
Step 3 - The Eureka Moment
 
Towards the end of stage two you begin to realize that it's not the system that is making the difference.
 
You realize that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right
 
You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.
 
This eureka moment causes a new connection to be made in your brain.
 
You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.
 
Because of this revelation you stop taking any notice of what anyone thinks - what this news item will do, and what that event will do to the markets.
 
You become an individual with your own method of trading
 
You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold.
 
You start to take every trade that your 'edge' shows has a good probability of
winning with.
 
When the trade turns bad you don't get angry or even because you
know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it .
 
The next trade or the one after it or the one after that will have higher odds of success because you know your system works.
 
You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make.
 
You have realised in an instant that the trading game is about one thing -
consistency of your 'edge' and your discipline to take all the trades no matter what as you know the probabilities stack in your favour.
 
You learn about proper money management and leverage - risk of account etc etc - and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile.
 
You weren't ready then, but you are now.
 
The eureka moment came the moment that you truly accepted that you cannot predict the market.

Mirrored here:

http://www.mirrorcreator.com/files/T1IOJNDY/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part3.rar_links http://www.mirrorcreator.com/files/0KVYPGV3/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part2.rar_links http://www.mirrorcreator.com/files/MFFKEY87/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part1.rar_links
 
 
Enjoy...

Well if you like Lance Beggs be sure to watch these free courses on youtube.....Enjoy.
 

http://www.youtube.com/user/YourTradingCoach#p/u
 

http://www.yourtradingcoach.com/

here you go :)
 
TradeMiner Forex:

 
TradeMiner Stocks:

 
TradeMiner Futures:

 
All in One Link:

 
EDIT: Oops, didn't see you need a key to run the software :(

[sHARE]ALL MY FILES~well almost all....
 
Here is a good way to get into the sharing spirit at II. Help Yourself Everything is in Alphabetical Order.....ENJOY!!!!
 
P.S. ...Please DON'T hit the thanks button unless you find something that can be usefull to you. Awesome....ENJOY!!!!
 
http://www.mediafire.com/?mnkksppt3cqqe
 
Check back or PM me for updates....PEACE..:)>-:)>-:)>-

Mirrored here:

http://www.mirrorcreator.com/files/T1IOJNDY/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part3.rar_links http://www.mirrorcreator.com/files/0KVYPGV3/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part2.rar_links http://www.mirrorcreator.com/files/MFFKEY87/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part1.rar_links
 
 
Enjoy...

Step 4 - Conscious Competence
 
You are making trades whenever your system tells you to.
 
You take losses just as easily as you take wins
 
You now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it looses and when you're on a loser you close it swiftly with little pain to your account
 
You are now at a point where you break even most of the time - day in day out, you will have weeks where you make 100 pips and weeks where you lose 100 pips - generally you are breaking even and not losing money.
 
You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away.
 
You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently.
 
You'll start the day on a 20 pip win, take a 35 pip loss and have no feelings that you've given those pips back because you know that it will come back again.
 
You will now begin to make consistent pips week in and week out 25 pips one week, 50 the next and so on.
 
This lasts about 6 months
 
Step Five - Unconscious Competence
 
Now we’re cooking - just like driving a car, every day you get in your seat and trade
- you do everything now on an unconscious level.
 
You are running on autopilot.
 
You start to pick the really big trades and getting 200 pips in a day doesnt make you any more excited that getting 1 pips.
 
You see the newbies in the forum shouting 'go dollar go' as if they are urging on a horse to win in the grand national and you see yourself - but many years ago now.
 
This is trading utopia - you have mastered your emotions and you are now a trader with a rapidly growing account.
 
You're a star in the trading chat room and people listen to what you say.
 
You recognise yourself in their questions from about two years ago.
 
You pass on your advice but you know most of it is futile because they're teenagers - some of them will get to where you are - some will do it fast and others will be slower - literally dozens and dozens will never get past stage two, but a few will.
 
Trading is no longer exciting - in fact it's probably boring you to bits - like everything in life when you get good at it or do it for your job - it gets boring - you're doing your job and that's that.
 
Finally you grow out of the chat rooms and find a few choice people who you
converse with about the markets without being influenced at all.
 
All the time you are honing your methods to extract the maximum profit from the market without increasing risk.
 
Your method of trading doesn’t change - it just gets better - you now have what women call 'intuition'
 
You can now say with your head held high "I'm a currency trader" but to be honest you don’t even bother telling anyone - it's a job like any other.
 
I hope you’ve enjoyed reading this journey into a traders mind and that hopefully you’ve identified with some points in here.
 
Remember that only 5% will actually make it - but the reason for that isn’t ability, its staying power and the ability to change your perceptions and paradigms as new information comes available.
 
The losers are those who wanted to 'get rich quick' but approached the market and within 6 months put on a pair of blinkers so they couldn’t see the obvious - a kind of "this is the way i see it and thats that" scenario - refusing to assimilate new information that changes that perception.
 
I’m happy to tell you that the reason i started trading was because of the 'get rich quick' mindset.
Just that now i see it as 'get rich slow'
 
If you’re thinking about giving up i have one piece of advice for you ....
Ask yourself the question "how many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?
 
Take care and good trading to you all.
 
Don't know the author but this is timeless trading wisdom.

The 5 Steps to becoming a trader
 
Step One: Unconscious Incompetence.
 
This is the first step you take when starting to look into trading.
 
You know that its a good way of making money because you've heard so many things about it and heard of so many millionaires.
 
Unfortunately, just like when you first desire to drive a car
you think it will be easy - after all, how hard can it be?
 
Price either moves up or down - what's the big secret to that then – let’s get cracking!
 
Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven't got the first clue about what you're trying to do.
 
You take lots of trades and lots of risks. When you enter a trade it turns against you so you reverse and it turns again and again, and again.
 
You may have initial success, and thats even worse - cos it tells your brain that this really is simple and you start to risk more money.
 
You try to turn around your losses by doubling up every time you trade.
 
Sometimes you'll get away with it but more often than not you will come away scathed and bruised
 
You are totally oblivious to your incompetence at trading.
 
This step can last for a week or two of trading but the market is usually swift and you move on the next stage.
 
Step Two - Conscious Incompetence
 
Step two is where you realize that there is more work involved in trading and that you might actually have to work a few things out.
 
You consciously realize that you are an incompetent trader - you don't have the skills or the insight to turn a regular profit.
 
You now set about buying systems and e-books galore, read websites based everywhere from USA to the Ukraine and begin your search for the holy grail.
 
During this time you will be a system nomad - you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does
work.
 
Every time you come upon a new indicator you'll be ecstatic that this is the
one that will make all the difference.
 
You will test out automated systems on Metatrader, you'll play with moving
averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI, ADX, and a hundred other things all in the vein hope that your 'magic system' starts today.
 
You'll be a top and bottom picker, trying to find the exact point of reversal
with your indicators and you'll find yourself chasing losing trades and even adding to them because you are so sure you are right.
 
You'll go into the live chat room and see other traders making pips and you want to know why it's not you - you'll ask a million questions, some of which are so dumb that looking back you feel a bit silly.
 
You'll then reach the point where you think all the ones who are calling pips after pips are liars - they can’t be making that amount because you've studied and you don't make that, you know as much as they do and
they must be lying.
 
But they're in there day after day and their account just grows whilst yours falls.
 
You will be like a teenager - the traders that make money will freely give you advice but you're stubborn and think that you know best - you take no notice and overtrade your account even though everyone says you are mad to - but you know better.
 
You'll consider following the calls that others make but even then it wont work so you try paying for signals from someone else - they don't work for you either.
 
You might even approach a 'guru' like Rob Booker or someone on a chat board who promises to make you into a trader (usually for a fee of course).
 
Whether the guru is good or not you won’t win because there is no replacement for screen time and you still think you know best.
 
This step can last ages and ages - in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years.
 
This is also the step when you are most likely to give up through
sheer frustration.
 
Around 60% of new traders die out in the first 3 months - they give up and this is good - think about it - if trading was easy we would all be millionaires. another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does.
 
What may suprise you is that of the remaining 20% all of them will last around 3 years - and they will think they are safe in the water - but even at 3 years only a further 5-10% will continue and go on to actually make money consistently.
 
By the way - they are real figures, not just some I’ve picked out of my head - so when you get to 3 years in the game don’t think its plain sailing from there.
 
I’ve had many people argue with me about these timescales - funny enough none of them have been trading for more that 3 years - if you think you know better then ask on a board for someone who's been trading 5 years and ask them how long it takes to become fully 100% proficient.
 
Sure i guess there will be exceptions to the rule - but i havent met any yet.
 
Eventually you do begin to come out of this phase.
 
You've probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now its in your blood
 
One day – In a split second moment you will enter stage 3.
 
Step 3 - The Eureka Moment
 
Towards the end of stage two you begin to realize that it's not the system that is making the difference.
 
You realize that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right
 
You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.
 
This eureka moment causes a new connection to be made in your brain.
 
You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.
 
Because of this revelation you stop taking any notice of what anyone thinks - what this news item will do, and what that event will do to the markets.
 
You become an individual with your own method of trading
 
You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold.
 
You start to take every trade that your 'edge' shows has a good probability of
winning with.
 
When the trade turns bad you don't get angry or even because you
know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it .
 
The next trade or the one after it or the one after that will have higher odds of success because you know your system works.
 
You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make.
 
You have realised in an instant that the trading game is about one thing -
consistency of your 'edge' and your discipline to take all the trades no matter what as you know the probabilities stack in your favour.
 
You learn about proper money management and leverage - risk of account etc etc - and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile.
 
You weren't ready then, but you are now.
 
The eureka moment came the moment that you truly accepted that you cannot predict the market.

Mirrored here:

http://www.mirrorcreator.com/files/T1IOJNDY/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part3.rar_links http://www.mirrorcreator.com/files/0KVYPGV3/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part2.rar_links http://www.mirrorcreator.com/files/MFFKEY87/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part1.rar_links
 
 
Enjoy...

Mirrored here:

http://www.mirrorcreator.com/files/T1IOJNDY/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part3.rar_links http://www.mirrorcreator.com/files/0KVYPGV3/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part2.rar_links http://www.mirrorcreator.com/files/MFFKEY87/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part1.rar_links
 
 
Enjoy...

Mirrored here:

http://www.mirrorcreator.com/files/T1IOJNDY/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part3.rar_links http://www.mirrorcreator.com/files/0KVYPGV3/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part2.rar_links http://www.mirrorcreator.com/files/MFFKEY87/Sam_Seiden_-_Identifying_High_Probability_Turning_Points.part1.rar_links
 
 
Enjoy...

Not from OTA or XLT, some webinars done by Sam,
 

 
Cheers

Old video ...
 
hxxp://[email protected]/UFD4ADJRK9
 
 
GOOD TRADING WISHES

Yeah he unfortunately was banned along with quite a few others in recent days......mod power trippin seem like to me. I was asking retry99 if he could get in touch with David over at supertraders forum....

Breaking it down
 

 
It's logical to be concerned that you could fall into this queue since others have placed the doubts in your mind. This is addressed in the STC forum by Tom in the Getting Started thread too. He is aware how this system is different and of course in chat we hear that other new members are involved in the PROCESS of 'getting it'. That does not mean they don't or can't get there even if some give up on themselves. People give up on college too but it doesn't mean that the courses cannot be understood or mastered.
 
I suggest that you instead replace those worries with your own sense of your abilities. The reason is that I have heard many say the same thing who later said what so many others have said too which is that it is not really that hard. Why is that? I think it is clear that the way in which they come to this is with skepticism and being in searching mode.
 
When a person intending to be a businessman goes to college to get a MBA he is not in any way skeptical of the courses or the college. Even if he knows it may be a lot of work he makes a commitment which is quite large that he will get that degree. This primes him to resist the natural tendencies of humans to avoid work and instead be persistent.
 
I feel that there is a vast difference here in the approach of many purchasers that may be looking for solutions and willing to spend money but may not be committed to the work. Isn't it easier to give it a look or maybe even a fair study but at the resistance point where the system takes them into unfamiliar terotory they bail?
 
The reason this is not familiar territory is that it does not just take you with some indicators in hand and plop you in front of a certain pair using a certain timeframe and draw you some pretty arrows. I am glad it doesn't because these things have been proven in my own experience to JUST NOT WORK (everybody else's experience too).
 
All the experienced traders placing their advice in forums say the same thing. You need to develop your own trading system or get one already made which works. Well imo not many of us can develop our own. Many of us are looking but how many systems have measured up?
 
This makes traders angry, frustrated and highly skeptical as they have every right to be. They are faced with heavy challenges and stacked decks and then Forex Whores come around to steal more money from them. This is really quite a different environment as compared to the person trying to get a degree. I think this environment has a profound effect on their approach when the trader comes up to an unexpected change where a commitment to learn steps and criteria of a COMPLETE system of the amazing capabilities of STAR hits them.
 
Rest assured that learning steps in sequence and applying each step's own criteria to make sure it is valid is the ONLY thing that is required for STAR. Even though other manual systems have steps and criteria STAR stands alone in it's capabilities. Perhaps it is not unusual that it requires a bit more effort. All I can say is it is worth it - and it is not that hard.
 
There are 2 types of tool, a locating and a signal tool.
 
Here are the steps which I had to learn - these are what I know and I also know how to make sure each are valid by knowing the criteria for each as well as their correct sequence:
 
I know what is a valid...
 
Main Pivot starting point for a large trend known as a 'Big Move' where traits form.
 
Reorienting Moving Averages to this new trend.
 
Ending of this MA Orientation which causes them to show a counter-trend movement known as a Flip.
 
Ending of the Flip area and resumption of the trend by MA reorientation to trend and price movement beyond where the counter-trend move began.
 
MA cross of 2 particular MA known as a Cut.
 
Steepening and entering of MA into alignment beyond the Cut known as Move After Cut.
 
Pullback of price from trend to a particular MA.
 
Evaluation of a MA cross caused by the pullback which will give correct signal tool to call up.
 
Signal format for possible positive signals to be traded as opposed to non-traded format as shown by MA position and criteria in the pullback and retracement area of the signal tool.
 
$$$
 
In addition to this I know the money management and exit strategy as recommended.
 
For knowing these I get early positions in new trends and these are taken in low drawdown situations. These are the object of every trader's search through the Forex frontier. And I state that if you want it you can get through it in not much time.

Sorry mate but I will not say. Here is the thing I have been trying to say though... without the forum information you really are severely limited. That's a nice way of putting it.
 
I can't help it that the way this is set up is that you only get some of the whole package when you get the ebook but this is the way it is. Most of the stuff you can get all of it but it is just s**t. STAR is the only system for me. A friend told me about this forum and that the people weren't getting it so I came to recommend it and say don't think it is so hard.
 
But I will tell you that once you have the ebook you only have a taste and I don't think that even with just the ebook that you cannot see it works.
 
For example this was plopped down into the chat and watchlist about 3 hours before the trigger happened:
GBP/JPY M30 <52 14 Jun 2011 e/v at H2 0.382 CSA WAITING
 
This part of that line " <52 " is something you would not know about. It is a 52s setup.
 
Here is the result:
 
http://i1106.photobucket.com/albums/h372/infomanager/gbpjpy-june282011.jpg
 
Hey I know about why buy the cow and all that my friend but this one had a drawdown of 1 pip! This trade alone was over 100 pips in a flash. So I think you just have to take stock of all the stuff you have seen and recognize the real deal. And besides this was GIVEN to us in chat and watchlist. I think it would pay for whatever you gotta spend to get the whole package.
 
You can maybe screw around but this is what others are saying too. I am not the only one and even if there are questions isn't it better to get the answers from the source?

[sHARE]ALL MY FILES~well almost all....
 
Here is a good way to get into the sharing spirit at II. Help Yourself Everything is in Alphabetical Order.....ENJOY!!!!
 
P.S. ...Please DON'T hit the thanks button unless you find something that can be usefull to you. Awesome....ENJOY!!!!
 
http://www.mediafire.com/?mnkksppt3cqqe
 
Check back or PM me for updates....PEACE..:)>-:)>-:)>-

This was posted by hermes back in 2010 in another Strig thread and it has a head fake indicator....realize that there were several floating around at one time or another so I do not know if this is the exact one you are looking for.

http://www.megaupload.com/?d=GK0KI5Z6

http://img821.imageshack.us/img821/6875/stargbpusdd1may7.jpg
Is this considered a cut? And at what part are we supposed to look at the force index to see if it is above or below 0. The PP, Flip, Cut or overall trend?
http://img854.imageshack.us/img854/2799/stargbpusdd1may7enalarg.jpg

I will try to focus on Eur/Usd as I still am learning this system. Let us use this as a way to learn this system from the beginning with each other's help. Make the learning curve shorter. and the pips longer....PEACE...:)>-:)>-:)>-
 
 
P.S. The system can be found here

http://www.supertradesystem.com/
 
And here @ Indo-Investasi

http://indo-investasi.com/showthread.php/441-S.T.A.R-(SuperTradeSystem)-Trading-System