DislikedI gave up on indicators, Now i'm exploring math
it seems logical, as indi show thngs after the facts.Ignored
What sort of 'math' are you exploring?
Have I got something on my face, SOLDIER?
Journey Of An 18 Year Old FX Trader 16 replies
How old are you, trader? 54 replies
old trader but new learner 4 replies
DislikedI gave up on indicators, Now i'm exploring math
it seems logical, as indi show thngs after the facts.Ignored
DislikedTrue, indicators are lagging. Thanks to all the great mentors on this thread, they convinced me how useless it is to have my chart filled up with so much noise. Market itself is already useful by itself. Now i trade supply and demand, support resistance, TL bounces, fibonacci.Ignored
Dislikedguys remind me not to short gold again!
Too risky. Commodites are not my comfort zone.
Silver i can do, but i guess istay in the comfort zone of my favorite currency pairs.Ignored
DislikedThis is why I told you my friend...follow the trend
There are 2 trades: One is trend trade and other is counter-trend trades
If you take counter trend trades then make sure TP and SL are close enough..you may have Risk:Reward of 1:0.5 also
But in trend trades that is not an issue
Good luck with silverIgnored
Dislikedguys remind me not to short gold again!
Too risky. Commodites are not my comfort zone.
Silver i can do, but i guess istay in the comfort zone of my favorite currency pairs.Ignored
DislikedHey Kid
You really are attempting too much too soon ! You heard the phrase "Rome Was Not Built In A Day". You really have to be patient and do the homework. Lots of people will suggest this method...and that method.... No point trying anything until you understand the mechanics. I can see you are eagre to learn but slow down !! Pick one of the major pairs.....yes just one.. then watch it real close for a couple of months at least. You will then start to see a rythym, how it reacts to news or so often how it doesn't react ? Look for recurring...Ignored
DislikedYeah, thanks for the tips I only now use gold for price correlation with currency pairs. silver im okay with .
Did you get rich when gold dropped about $15? if you bought there... ahahahaha... you may never have to work againIgnored
DislikedHaha no not rich so early. Ive been long from $1808 over the weekend. Looking for test of $1840 critical H4 chart resistanceIgnored
DislikedSo your opinion on gold is a strict 'buy on pullback' sort of thing right? What is your view on counter trend trading gold? Which i just found to be stupid even though i got profit.Ignored
DislikedWell, I was flat wrong today on the face , luckily I got my stops in at 1806 on time !! I told you, gold can drop any second of the day!
Counter trend is really very difficult to trade with. Its very easy to make 30 pips here and there but to catch the entire counter trend move is extremely stress full. I have blown 2 accounts shorting Gold . So you can imagine the psychology for me !Ignored
DislikedJust ran accross this thread by chance and found it interesting. I myself am 18 and got in to forex about 9 months ago after messing with stocks a little bit. My original interest was with stocks in about 8th grade cause I would see the Dow, S&p, etc. and always wondered what it was. I started a demo account and would play it everynow and then. Not much later my dad got into trading stocks here and there and eventually was trading for a living which got me even more interested in it. Forex was something my dad had mentioned to me later so I started...Ignored
DislikedDJI short doing extremely well. Fundamental trade for first time, combined with PA = amazing. will show results soonIgnored
DislikedI'm concerned that your spreadig yourself too thin.
My advise fwiw is to focus on just one pair - learn how it moves, watch what happens at certain times of day, learn it inside out until you can almost predict where its going to go.
I know a chart is a chart but all markets have their own characteristics.
I trade only EUR/USD, and let me tell you, since I avoided others, especially the tempting XAU my account hasn't looked so good.Ignored