Good evening.

Next Saturday morning, February 13th at 9 am CST, Catalin, our very own Catalin, will be giving a two hour sessions on how he uses MetaTrader4.

Keep your eyes here for a link and registration information, coming soon!

Tim

Good morning.

I know some of you wonder what all the hoo-hah is about with the Market Maps Pemium Members section and the Morning Mini-Mentoring sessions. Today, Paul showed a brilliant spreadsheet he developed for yesterday’s session and then showed us what happens when you take a $10K account and trade at 40 pct profitable wins, wth 2.5 risk reward ratio–and then let the spreadsheet randomly calculate the outcome several times. Then we looked at the details and saw the positive runs and negative runs, as well as the over all statistics.

Will he share it? He’s going to post it in the Premium Membership area so everyone can try and see how easy or difficult it is to accomplish their own trading goals…

Then I did a curious bar by bar. I didn’t tell folks in advance, but the idea was to watch Tim trade a $10,000 account and FEEL THE NEED to make 4-7 trades in a day, to FEED HIS HABIT! How many of you suffer from this type of trading style? It wasn’t easy to trade in that style, but I believe I did it, and got the point across. About halfway through the exercise, after two losers and me forcing a third trade, several people piped in…’ok, that’s me trading…I get it!’.

And someone emailed me afterward:
_____________________________________________________
Tim,

Just wanted to say thanks for today’s session.
I’m increasingly finding the need for addressing my ‘mind set’ in trading.
Anyway, it was brilliant, thank you.
S.

_____________________________________________________

Trading is hard work! Some of it is the lines we draw. But lots of our success or failure comes from managing other parts that come into play. We deal with those parts as well–and as often as we draw lines.

I know some people want us to give ‘real-time’ entries’, like they do in some of those expensive and well-known chat rooms, but honestly, wouldn’t you rather we teach you to be consistently more profitable traders? That’s what we try to do each morning at the Mini-Mentoring sessions…

I wish you all good trading.

Tim

Good morning.

Here’s a simple trade entry sheet I developed about five years ago for use by the CME professionals taking my seminars. It’s meant to be a simple sheet to prompt you to think before you trade and then to remind you of your original plan once you are in each trade. Don’t be afraid to customize it-add, subtract, make it yours.

Start keeping trading sheets and images BEFORE you enter each trade and you’ll be amazed what a difference it makes in the long run! And don’t forget to do statistics on your trades at the end of each month and see if there are glaring things to pay attention to.

I hope this helps.

Tim

Market Maps Trade Entry Sheet by Timothy Morge

Though I am doing very little traveling in 2010, I will be in speaking at the Dallas Association For Technical Analysis on March 16th at 7 pm.

Those of you in the area might want to put this on your calendar. I’ll post more information as it becomes available in the next few days.

I will be focusing on the way I use Dr. Andrews’ Median Line methods when trading FOREX, futures, stocks and commodities in my own trading account.I will also show some of the innovations I have added to this powerful methodology, as well as some of the proprietary trade entry set ups I use every day to help keep my trading consistently profitable.

I hope to see some of you there in person. The green tea is on me!

Tim