Ok, can't hold my head straight anymore, falling asleep.. will be back here tomorrow with results for april (most terrible month )
Twitch Journal - Live Journal 4 replies
Karma Trading - Live Trade Journal 7 replies
Mikey's Live Trading Journal w/ EA account 0 replies
Hcruces Trading Journal ---Live trades 14 replies
My live trading journal 3 replies
DislikedHi Sam, thanks for your post. Yes there are just a few traders in my area. But they quit one by one, so I think soon I am goint to be the last trader standing, lol. And of course there is no reason to discuss our losing performance...
Unfortunately I have never seen a profitable, consistent trader in my life. Not even sure if they exist. ( this is after 5 years full time trading I say this).
Maybe it is just an illusion we are trying to achieve?
Have you been able to keep positive balance for any significant lenght of time?Ignored
DislikedIf that will help you. I know personally 3 guys with over 5 year trading experience which make a pretty good living from their profits but they are not trading forex and chart is only one of their tools in the box. So ....yes ...it is possible.... but everyone of them were going thru very bad times and lots of doubts.Ignored
DislikedWould you be able to tell me why AudJpy went strongly up after NFP and EurUsd barely moved?
If after 5 non-profitable years of full time trading you are not having a clue about that answer then it might be the direction when you should shift your attention.Ignored
Dislikedthat is AFTER.
5 years in Futures, Options, Stocks. Forex started with J16. It is good to know why AUDJPY went strongly up and EURUSD barely moved AFTER NFP, it is also good to know art, poetry, history. Unfortunately it will not help to profit.
If you could make money on this AUDJPY move with knowing or without knowing - then this counts. Otherwise is just theoretical knowledge. Knowing things is NOT ENOUGH one must APPLY IN PRACTICE that knowledge and benefit from it (profit).
If I wanted to know, to sound good, logical and smart...Ignored
DislikedAdi with all respect but your thinking here is very shallow. You are unprofitable for 5 years, yet you have so strong conviction about you being right about it. It is not about knowing it after the fact ...it is about knowing what is moving the market and to be prepared to profit from the market reaction to those events. I see you are trying to beat me with your experience but honestly after working with all those markets you should have that sorted out. I gave you simple question and you didnt put even small amount of work to find any answer.....I...Ignored
Dislikedthe market moves on the blood of others. So that means most have to be wrong for the few to make the cash. So that means you gotta be doing what others aren't.Ignored
DislikedI think you answered your own question. You are looking for certainty. If you win % is 30 that means you need bigger winners. I am pretty sure you can calculate how big they have to be.Ignored
Dislikedtry on demo account and see what happens. otherwise you are just making assumptions.Ignored
DislikedI didn't mean to be rude. Sorry if I sounded so.
But GH, something WILL HAPPEN for sure after NFP.
Price will go either up or down for sure. If only you know which way - you will profit, or if you'll know that price will not move at all you can profit too... unfortunately we can never know before the fact.
.it is about knowing what is moving the market and to be prepared to profit from the market reaction to those events.
This is Holy Grail right there, if you could do that, just repeat it and there is no reason for not...Ignored