- Search Forex Factory
- JauntyLoon replied Jul 16, 2021
Sounds like I should trade something else, such as the indices. Commodities are really hard to trade as well.
The brutal truth of day trading
- JauntyLoon replied Jul 15, 2021
Looks like a downtrend to me on a four hour chart. Apropos of which, the U.S. dollar index is in an uptrend.
EURUSD
- JauntyLoon replied Jul 15, 2021
This is a very nice example. In this context, more indicators just means more confusion for me. Pivots and nine period RSI. The latter helps give confidence with tops and bottoms.
Market Structure Only- keep your charts clean
- JauntyLoon replied Jul 15, 2021
I see a massive amount of noise in those charts, with the support/resistance lines being often violated and price not clearly going anywhere for a sustained period. How is it possible to have an accurate R:R or even put stops/TP on such a chart? ...
The brutal truth of day trading
- JauntyLoon replied Jul 15, 2021
If you're dead-certain of a 72% win rate, why don't you remortgage your house, quit your day job, max out your credit and go all in? If your R:R rate is calculated correctly then there's nothing between you and millions of dollars.
The brutal truth of day trading
- JauntyLoon replied Jul 15, 2021
Dead simple. Just put your stops near the pivots. How could anyone not be able to make easy money doing this?
The brutal truth of day trading
- JauntyLoon replied Jul 15, 2021
I understand that anyone who attempts trading and doesn't do it right is not considered a trader. However, I remain sceptical until I see proof of results (returns) from those 'real' traders
The brutal truth of day trading
- JauntyLoon replied Jul 15, 2021
Yeah probably. I sometimes go into 1hr and 4hr timeframes, but I cannot make head or tail of these 15min systems at all.
The brutal truth of day trading
- JauntyLoon replied Jul 15, 2021
Your probability of making money trading a large U.S. index (or ETF that tracks it) has been shown to increase the longer you buy and hold it. So that, over ten years for instance, you will likely make an annual return of 10 - 15% on the S&P 500. ...
The brutal truth of day trading
- JauntyLoon replied Jul 11, 2021
Some people can make a living from playing poker. That doesn't mean 99% or even 99.9% of people in general can. Some people can win the lottery. That doesn't mean the likelihood of YOU winning the lottery is higher than one in ten million.
The brutal truth of day trading
- JauntyLoon replied Jul 8, 2021
All of these diagrams are perfect examples of the usefulness of technical analysis in hindsight. Can you explain how to identify 'higher highs' and 'lower lows' PRIOR to them happening, because nobody can make money with hindsight.
Market Structure Only- keep your charts clean