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- forextraderx replied Jun 23, 2012
no, your totally right here. no doubt. i'm just saying for ME... i am psychologically uncomfortable with anything less than a 60% win rate, aiming for at least a 1:1 RR. it's hard for me to keep "stress free" if i don't have at least this, and a 1:1 ...
When retracement has become a trend change?
- forextraderx replied Jun 23, 2012
you use one form of analysis... — maybe your a big fundamental guy... you like central bank decisions, interest rates, GDP trends, the yield curve, the carry trade, and the wall street journal. good for you! you base your trading decisions on ...
Why you suck at trading
- forextraderx replied Jun 23, 2012
you don't have a written trading plan — if you walked up to a venture capitalist, or a bank, and tried to obtain funding for a business idea you have... one of the very first things you would have to present is a business plan that shows what ...
Why you suck at trading
- forextraderx replied Jun 23, 2012
you call yourself a carpenter, but all you have is a hammer... — Last I checked, in order to be a professional carpenter, you actually need a full belt of tools, and probably a full toolbox, or even a couple fully stacked toolboxes. and I'm ...
Why you suck at trading
- forextraderx replied Jun 23, 2012
you look at one market, rather than for one best opportunity. — now, at least I understand the motivation behind this... it's along the lines of "keeping it simple", and there is some validity to this, no doubt. BUT... it's a LOT easier to ...
Why you suck at trading
- forextraderx replied Jun 23, 2012
you don't plan your trades out ahead of time... — "on the spot" trading...like freqent "scalping" can work. This is one component to my own personal trading. But, it's not the most profitable, nor is it the most successful in terms of win ...
Why you suck at trading
- forextraderx replied Jun 23, 2012
You use only one time frame to trade on... — I personally never really understood this. I tried it back in the day, but it never worked for me. I think we can all agree that in order to make the best possible decision in any matter in life... ...
Why you suck at trading
- forextraderx replied Jun 23, 2012
Because you simply don't know how the market works... — if you suck at trading, maybe it's because you don't really understand how the market works... here are some concepts that should be understood if someone wants to not suck at trading: 1. ...
Why you suck at trading
- Why you suck at tradingStarted Jun 23, 2012|Trading Discussion|112 replies
about a month ago, I decided to become a participating member on this forum, rather than just an ...
- forextraderx replied Jun 23, 2012
For some, that isn't enough. I know it wasn't for me, and I continued to discover new knowledge and information until I found a way to determine with an extremely high probability how to notice a trend change from a simple retracement. my entire ...
When retracement has become a trend change?
- forextraderx replied Jun 23, 2012
Well, I suppose I could ask you just one simple question... can you prove this statement? And remember... the absence of proof is not in itself proof, it's in fact not any proof at all. if you don't have proof, what you are really saying is "I ...
Trading forex profitable is impossible!
- forextraderx replied Jun 23, 2012
actually FX, if you asked thme in early january of 2011, they could say "yes, i've been profitable for 3 months in a row and therefore am a consistently profitable trader"... that is, if they had just opened a new account. however, if you asked them ...
Are you a consistently profitable trader?
- forextraderx replied Jun 23, 2012
Well Mingary, I quite frankly disagree. But I will say this. if I felt something was impossible, i don't spend time on forums that talk about it. for example, I believe using astrology to tell the future is absoultely impossible, and it doesn't ...
Trading forex profitable is impossible!
- forextraderx replied Jun 23, 2012
Well, this guy seems to be doing ok...and his setup is automated no less: url I'm not anywhere near this guy above, nor is my track record here as long...but, i've had about 350 trades in the last 5 weeks, my win rate is about 64% + my best trade ...
Trading forex profitable is impossible!
- forextraderx replied Jun 23, 2012
There are ways... — great question. I personally have a couple criteria that I screen through to determine this, most technical, but some sentiment and even some fundamental. However, i'm not going to go into this on any great level, because ...
When retracement has become a trend change?
- forextraderx replied Jun 23, 2012
Nice chart. 2 suggestions: do NOT put your stop at a significant high like where it is. Either put it 10-30 pips ABOVE that high, or wait for price to hit the level, and make a reversal candle pattern (like a bearish pinbar, or bearish engulfing) ...
Attempting to trade... Again
- forextraderx replied Jun 23, 2012
Nice chart. 2 suggestions: do NOT put your stop at a significant high like where it is. Either put it 10-30 pips ABOVE that high, or wait for price to hit the level, and make a reversal candle pattern (like a bearish pinbar, or bearish engulfing) ...
Attempting to trade... Again
- forextraderx replied Jun 23, 2012
Trading review... — well, I went back and reviewed my "pre-planned" trades for the week. this by no means is all of my trades, but they are a very important part, since they usually form the basis of my profits. Anyway, it turns out that there ...
It's Really All About Consistency...
- forextraderx replied Jun 22, 2012
Ya...totally agreed with this being a problem with just watching shorter TF's. I scalp short TF's from time to time. In fact, it's all I did for about half a year...like, 2 years ago. paid well. few dozen trades a day, few hundred or even a few ...
EurAnalysis
- forextraderx replied Jun 22, 2012
Tops and Bottoms — who ever it was that said "but you can't pick tops and bottoms!" was a wanker. url url url url url just a few aud/XXX and nzd/XXX trades this week. nice to see the usual suspects on this thread.... haven't been ...
AUD/USD