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- Matt098 replied Apr 4, 2018
Today I see an excellent opportunity to pound strengthen. tp at 1.4128. The market is moving to strong MN resistance 1.4225.
NoPainNoGainOrAlwaysImproveYourself
- Matt098 replied Mar 13, 2018
Where I am now? Since 8/03
NoPainNoGainOrAlwaysImproveYourselfI'm expecting of usdjpy falling min to 105.60. So.... will see Are there any like-minded people?
- Matt098 replied Mar 13, 2018
I see now. If you have leverage of 1:500, so normal for trading is 0.1 lot, 0.01 lot too small. IMHO
Stop losses, lot sizes and position sizing
- Matt098 replied Mar 6, 2018
As expected, the pound worked out correction of bearish trend. Entry 1.3845, tp was at 1.3881. Hit tp! With a probability of 70%, the pound will continue to move along the trend. We should wait for the new entry points.
NoPainNoGainOrAlwaysImproveYourself
- Matt098 replied Mar 2, 2018
Hi oliverfxldn, You ask a good and reasonable questions, but I still cant get how you plan to win if you just think abount loses and how you can be a swing trader with 0.01 lots... I mean if you do your analysis at D or W and have only £1000, you'll ...
Stop losses, lot sizes and position sizing
- Matt098 replied Feb 27, 2018
I agree 100%. Whats the point of following someones strategy, if in fact you didnt come to these conclusions by yourself and dont know how to use it ... And no one will fully explain their working strategy, so... Cheers, Matt
Why members share strategies?
- Matt098 replied Feb 23, 2018
Thanks. I trade majors, yen, more rarely crosses. Yes, their speeches affect the Market of course. GDP was considered a little lower than previous quarters, I think its more likely reflect the medium fall of gbp as I mentioned earlier. We didnt ...
NoPainNoGainOrAlwaysImproveYourself
- Matt098 replied Feb 22, 2018
Each trader chooses a convenient and effective indicator for himself. I think, Ichimoku is more informative than the standard RSA. But this is only my opinion. On the other hand, almost all indicators are based on moving averages. As soon as an ...
NoPainNoGainOrAlwaysImproveYourself
- Matt098 replied Feb 19, 2018
Standard candlestick analysis in combination with the wave theory shows good results. But any standard analysis needs to be adapted for you. If you like candlestick patterns, much more effective to use quotes from banks or smth, cuz standard broker ...
NoPainNoGainOrAlwaysImproveYourself
- Matt098 replied Feb 19, 2018
Hi Nayan, thanks for the detailed description. I agree with you. The American session is very interesting in itself. If high or low is formed, the trend keeps till the end of the session. You give very interesting examples below. If you dont mind ...
NoPainNoGainOrAlwaysImproveYourself
- Matt098 replied Feb 15, 2018
BTW not 190 pips but 224 pips from the previous screenshot... for now Congrats to all who'd get the whole momentum.
NoPainNoGainOrAlwaysImproveYourself
- Matt098 replied Feb 15, 2018
Thanks for your opinion. If there were no patterns and indicators that help everyone in trading, trading strategies would be mathematical. The Ilan principle. But we all see that this is not so. There're strategies that increase volume only in the ...
NoPainNoGainOrAlwaysImproveYourself
- Matt098 replied Feb 15, 2018
you look in the right direction my friend. 5 is much more effective than 3. But I look to the 7, 9, 11 side and it doesnt have to be a breakdown, fractals can form reversal patterns as well. Volumes are a separate topic. Volumes with the broker is ...
NoPainNoGainOrAlwaysImproveYourself
- Matt098 replied Feb 13, 2018
Hello Mr. Rain, greetings in this thread. Saying that continuing forex education is nonsense, I meant that there are many people who say that we should constantly learn new theories, because the market is changing. You can always learn theories and ...
NoPainNoGainOrAlwaysImproveYourself
- NoPainNoGainOrAlwaysImproveYourselfStarted Feb 13, 2018|Trading Journals|24 replies
Hi traders and analysts, Reason for a journal creating: I'm in constant search of ideas, ...
- Matt098 replied May 29, 2017
This is hard when you want to make trading your full-time earnings. If it's for fun and quick money like in casino, then it's not hard. And I like it too.
Trading is hard, but I like it
- Matt098 replied Apr 26, 2017
I meant that experience is not a guarantee of success. Because one experience isn't enough.
5 years and still no strategy
- Matt098 replied Apr 21, 2017
I like this thread. Do you really want to know the opinion of those present or is it hopeless? I still didn't understand your aim. Why Forex? Do you want to get a stable profit or you want to get rich fast? Depending on your answer, it'd be clearer. ...
5 years and still no strategy