Disliked{quote} It's not about opinions it's about facts and how banks make money as well as successul traders. Technical is good but you need fundamentals to guide you otherwise you are trading blind.Ignored
2
Turn $100 into $10k in 100 trading days = high stress high RR 121 replies
High Leverage Trading, Going For A 100 Million, 100% A Week 149 replies
High Leverage Trading, 100k To 100 Million, 100% A Week 23 replies
Always Trading With a 1/1 RR Ratio 25 replies
The Market is always Technical 0 replies
Disliked{quote} It's not about opinions it's about facts and how banks make money as well as successul traders. Technical is good but you need fundamentals to guide you otherwise you are trading blind.Ignored
Disliked{quote} Banks make more money on market making and using their huge book to move prices to their advantage. Price rigging fixing etc. Small % is actually prop and directional.Ignored
Disliked{quote} Pivot points are good for buying selling and setting targets. The best thing you could do is apply 'extended pivot points to your platform. If you look at the picture I posted you'l see it's gbp/USD with extended pivot points. Notice how alot of the times hits the pivot levels which which are made up of resistance 1 2 3 and support 1 2 3 and the daily pivot (yellow line which is very powerful). You can buy and sell from these zones and use the pivot points as targets to hit. For example if you had taken a long on cable let's say a few hours...Ignored
Disliked{quote} I see what you mean about how price plays around the pivot points. I've been doing some eyeball backtesting and noticed that, as you had mentioned, price goes through the pivots without hesitation. But there are also times when the currency reverses even before touching the pivots. That's tricky because even if i place my target at pivot, and it reverses before it reaches there, it eats into my profits again. I don't get to stick to the screens 24/7. Do you also encounter this or are you on your screen full time?Ignored
Disliked{quote} That's tricky because even if i place my target at pivot, and it reverses before it reaches there, it eats into my profits again.Ignored
Disliked{quote} That's the tricky point with levels ... Usually the deal is to give some room either side to avoid the target to be missed in case of reverse too early and to avoid a stop to be taken too early. Set the targets few pips before the level ... and stops few pips after. Of course that's not always perfect but that generally helps a bit emotionaly!Ignored
Disliked{quote} Set it 20% away from the pivot point for a target as it does not always hit. I Here is a link to a website that has loads of free videos. Watch the fibanachi and pivots ones. This will certainly make your trading much easier. http://compassfx.com/compass/videos/ The vids are short but very vital. I do not enter trades without a fibanachi and If I do it's either because it' breaking news or I have broken my own rules which is silly and can lead to losses. I suggest you sign up to jarrattdavis.com. If you don't like it they will...Ignored
Disliked{quote} What a small world. I took Jarratt Davis training couple of years back because i knew there was something missing in my trading and i could not figure out why a certain currency is miving in a certain direction. The traininh was the eye opener and it took me sometime before i got myself discliplined. And yes, i cant trade without fibonacci or pivot points. I feel like i m handicapped without them because those are awesome tools for entry/exit pointsIgnored
DislikedFibonnacci has NOTHING ABSOLUTELY NOTHING TO DO with TRADING FOREX OR ANY MARKET. Instos are LAUGHING AT YOU EVERYTIME YOU MENTION FIBBOFUCKINGNACCI SERIOUSLY you think 61.812474829 means something? Oh lordIgnored
DislikedFibs have nothing to do with the price of fish. If fibs work then Why aren't you a millionaire? Would be simple no? Just buy 61.2? Put it this way ... If fibs work then why not out limit at fib and stop loss 2 pips later youd make a fortune. Why not? They work therefore probability would be massive.Ignored
Disliked{quote} It seems like he has loads of students no wonder he has so much money lol. The course is really good and I 100% agree with you about the fibs and pivots as it's like being blind. Do you use ransquawk etc?Ignored
Disliked{quote} Naah, dont use ransquawk anymore since I switched to swing trading. Forexlive.com for news, forexfactory.com and investing.com for economic calendars has been working well for me so far. I may get Xenith down the road but so far have not felt the need for itIgnored
Disliked{quote} Swing trading fundamentals is better to an extent as it's harder to lose money. I have forexlive.com pop up on my phone just in case I'm away from the computer. I doubt I'll ever get xenith though. Didn't you ever trade speeches or minutes live?Ignored
Disliked{quote} I used to but have not in a long time I do not mind missing bread and butter trades which pop-up from speeches or minutes because I can still get some piece of it when there is a pullbackIgnored
Disliked{quote} I thought you use 20% technical. Fibs are technical. Now you saying it's a major part of your trading. You lying twitIgnored