Could have taken some profits when it spiked up. Didn't think it would come back down but that's normal with trading. Time to be patient
what to build some positions on NZDJPY too
what to build some positions on NZDJPY too
3
Open Trade near Pivot line (Pivot Point) 14 replies
Weekly Pivot to Pivot Trading 19 replies
The Pivot Net Revisited (Weekly Pivot Net) 41 replies
Help with daily pivot, weekly pivot on MT4 3 replies
Pivot high - Pivot low MT4 3 replies
Dislikedinteresting site https://www.tradingview.com/symbols/EURUSD/ when you click on technicals you get the whole retail trading enchilada with all its glory.Find it amusing https://www.tradingview.com/symbols/EURUSD/technicals/ Note how this data doe not account any fundamentals just blind mindless oscillators and MA's There maybe direct relationship 95% forex traders losing money following oscillators and MA's and why industry keeps propping them up.Maybe the best bait "just follow the arrow" MA's Oscillators! forget using your...Ignored
Disliked{quote} Hi Davit, I fully agree. Thank you very much for all your input. After following your thread a while, I struggle with one thing. I know it may sound silly, but how do you analyze the fundamentals? Or better: how can I learn to analyze the fundamentals? I see what you and a lot of others doing every week. They sum up the news events for next week and take a conclusion because of that. And I feel big respect. I feel like a dummy beside you and the people who understand fundamentals... I find fundamentals very difficult. Technical analyses...Ignored
Disliked...Everyone has demons, calling them out and taking care of them seems to be the only way of moving ahead Green pips to all! This mornings trade {image}Ignored
DislikedDid some reflecting in the last week about my trading results and why they arent where I would like them to be. After reading Davits post about his bumps in the road I thought I would post my own. I found a few things that were jamming up my vision: Not following my trade plan ( trading from 61-100 zones, watching PA and keeping an eye on fundamentals) Not taking 15 mins a day to visualize what means the most me and seeing myself as a success and acting in my own best interest Poor money management, not setting my max drawdown indicator as a fail...Ignored
Disliked{quote} I dont think I can cover everything you asked.Try please use search function of this thread.Over the years I went over lot of material.Let me share a personal experience when I started trading I knew little about fundamentals like everyone was following some oscillators and MA's bollinger bands etc. My real loss happened when Feds signaled to start easing and like an idiot I started buying USD and basically took my 1st 3k loss which luckily woke me up to understand how Feds and basic fundamentals effect price.Since then I made an effort...Ignored
DislikedATM its ranging so what I do when it does I usually trade 1 direction of BO in case that happens if not get out repeat. If you can nail 10 pips 3-4tmes that's a daily profit without much stress.Unlike lot of traders I love range trading and trend trading.Its important to have flexible approach in trading not be fixated in particular style.Its a battle and you must adapt to conditions whatever market throws at you {image}Ignored