- Search Forex Factory
- GusParker replied Jun 6, 2024
TradingView is great for real time analysis but fucking terrible for trade execution and management. MT4 is just damn ugly right across the board. The clunkiness of that whole platform gives me brain fog. (not what you want when trading) CTrader is ...
I am fairly new and have a question...
- GusParker replied May 21, 2024
Here is the problem with Indicators. a) They lag. They tell you what has already happened. b) Don't like the signal. Change the timeframe, indicator period, etc. c) Trading education is such, that traders are trained to focus on them. At best, ...
Opinions - How to use indicators
- GusParker replied May 16, 2024
Here is something for you to check out. image Go to that page, and note that when retail positions short or long get into extremes, then the market is usually indeed, not that far away from turning. See for yourself. Divergences between price and ...
EURUSD only
- GusParker replied May 16, 2024
And that my friend, is what I would call a Eureka moment for any trader. As the saying goes, if you can't see where the mugs are (who the market is setting up to rinse), then chances are, you are the mug (who the market is setting up to rinse). ...
EURUSD only
- GusParker replied May 5, 2024
Out of all the Forex educators I have checked out. Charlie Burton is the only one I would 'recommend'. His trading room however comes with a fee (and he is a bit of an arsehole). He sets out his stall. Trades what he teaches. Allows for copy ...
My Biggest Problem
- GusParker replied May 4, 2024
Here is a quote from an actual millionaire trader that sums it up: image Most trading educators are traders who could never quite cut it, which plays a role in their drive to teach others. They are still desperately trying to fathom it all for ...
My Biggest Problem
- GusParker replied Mar 25, 2024
Snap! (Thinking along similar lines) Here is a rule of thumb that I use for such scenarios with retraces back into big impulse moves that look good for more in same direction. image 'Pitchfork Pivot'. Determined by drilling down to lower ...
Cable Update (GBPUSD)
- GusParker replied Mar 22, 2024
I consider myself pretty good at this. My bias has been, since the bull trap FOMC pump, über bearish. Yet.... image This is what u truly call snatching small defeat, from the jaws of momentous victory Only big trade was the FOMC pump fade I, that ...
Cable Update (GBPUSD)
- GusParker replied Mar 21, 2024
Wash Rinse Repeat until it numbs the fuck out of you and u don't care no more. I just had a series of brainfarts that once upon a time would have had me putting fists through doors. 3 pulled trades, that would have went on to be BIG winners, and ...
How to Become Emotionless
- GusParker replied Mar 21, 2024
What a Hapless Cunt I am. Prognosis generally correct. Decision making, FUCKING SHOCKINGLY BAD. image More interested in NOT losing, than actual winning. It's a big problem. (Scratched trade, was a full sized position. Losing trade, half a ...
Cable Update (GBPUSD)
- GusParker replied Mar 21, 2024
Intraday Long: image Rationale for trade - Big strong midrange impulse move on FOMC yesterday, leaving vulnerable liquidity zone unharvested. I anticipate the harvesting of this level, is next on the menu for GBPUSD.
Cable Update (GBPUSD)
- GusParker replied Mar 21, 2024
Above trade ran too far into the red. I positioned myself clearly at the wrong liquidity level, thus have exited previous GBPUSD at scratch, and am moving my short entry up to the next liquidity level, sitting just up above the full High - Swing Low ...
Cable Update (GBPUSD)
- GusParker replied Mar 21, 2024
Fucking sentiment indicators. Been BULLISH (strongly Net Long) EURUSD and GBPUSD all Week, and what did these currencies do against the USD. They shot up! image It's all b.s. These retail sentiment indicators don't tell you where the real ...
Cable Update (GBPUSD)
- GusParker replied Mar 20, 2024
Could I ask your thinking in choosing the location in which you have shorted, as opposed to the red rectangle up above (which is where my short order is sitting). Not saying you are wrong to short where you have, indeed its looking a likely bet so ...
Cable Update (GBPUSD)
- GusParker replied Mar 20, 2024
My suspicion is, Short the Obvious rinse level. image
Cable Update (GBPUSD)
- GusParker replied Mar 19, 2024
Don't have a predefined trading strategy. I know that they say that one should have a well defined trading plan/strategy, and follow it no matter what, but what they don't tell you is that the markets are far too organic a phenomena to be mastered ...
Cable Update (GBPUSD)
- GusParker replied Mar 19, 2024
My analytical process tells me GBPUSD has further upside to explore (beyond recent 1.288 high), but my intuitive feel on the market tells me Bear. I am confused. Annoyingly, I am just going to sit it out. (and f it goes up, kick myself for not ...
Cable Update (GBPUSD)
- GusParker replied Mar 19, 2024
Yeah. Their is certainly a lot more to WW2 than the fairy story that we like to tell ourselves which is every bit as ridiculously one sided and disingenuous as what the masses would be lead to believe, had the Axis powers prevailed and wrote the ...
Extracted Posts
- GusParker replied Mar 19, 2024
Exactamundo. But such is the nature of the market, that when a trader starts drawing arbitrary lines offering 2:1 or 3:1 rr, there is significantly less than a 33% or 25% chance. The Markets Modus Operandi is too hunt liquidity and the bread and ...
Moving on from 1:1 Risk-Reward
- GusParker replied Mar 14, 2024
Rather ambitious target I would say, given the risk tolerance behind a tiny little 'bear flag' (to talk in retail terms) that is just begging to get rinsed, regardless of where the AUDUSD is destined to go. image With that SL, I would like the ...
Cable Update (GBPUSD)