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5 years and still no strategy

  • #2,381
  • Jun 21, 2017 10:27am Jun 21, 2017 10:27am
one and a half month ago I opened a Tickmill welcome account with free $30 to check my trading skills and I think that they are not bad, but I'm still trading without any plan - I just trade what I see... when I see a bearish or bullish price pattern I just trade it and close my profit quickly if I see that there is a risk of reversal...

nothing else fits me - I've tried to trade pivot points, but these lines are very distracting to me and are not accurate...

is there any sense in changing anything here?

Attached Image (click to enlarge)
Click to Enlarge Name: stats1.png Size: 57 KB


Attached Image (click to enlarge)
Click to Enlarge Name: stats2.png Size: 35 KB
Trade or not to trade - that is the question...
  • #2,382
  • Jun 21, 2017 11:39am Jun 21, 2017 11:39am
Quoting nealpek
I could be completely wrong, but the thick black line below is my intended target. It might get there it might not, but that's what I'm shooting for. Even with crappy tradingview, there is a definite target for me below. TIME will tell..... {image}
how about your stol loss ?
  • #2,383
  • Jun 21, 2017 1:37pm Jun 21, 2017 1:37pm
Quoting freakout
So... I have 5 years of experience, I know price action, I know how to trade with trend, I know how to manage risk, etc., but I still don't have a strategy. Is this normal or it's a waste of time? I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all. I tried to trade H1-H4 pullbacks, pivots, breakouts and many other strategies but without any success... Should I continue my searches or it's time to leave it?
Use the one month chart to identify a pair that is trending.

Use the one day chart to find when that pair is strongly consolidating against the trend ... wait for consolidation to end and place trade with the long term trend.

Sit on the trade until the position gets near the long term support.

This way you aren't opening and closing positions every single day. Every trade opens at a loss. If you're going to open new positions ever day, you are starting every single day at a loss. This doesn't sound like a good strategy to me because if you're going to be at a loss every single day the market WILL chew you up and spit you out far more broke than when you started.

However letting a profitable trade just run means keeping profitable trades open, no more starting every single day at a loss ... much more likely to be profitable over the long term.

There's a strategy for you and you don't need indicators or anything to do it. Hope this helps.
  • #2,384
  • Jun 21, 2017 3:19pm Jun 21, 2017 3:19pm
Quoting mayzee
{quote} Use the one month chart to identify a pair that is trending. Use the one day chart to find when that pair is strongly consolidating against the trend ... wait for consolidation to end and place trade with the long term trend. Sit on the trade until the position gets near the long term support. This way you aren't opening and closing positions every single day. Every trade opens at a loss. If you're going to open new positions ever day, you are starting every single day at a loss. This doesn't sound like a good strategy to me because if you're...
I'm trying to do the same but on lower timeframes - I'm looking for a setup on H1/H4 timeframe with D1 trend
Trade or not to trade - that is the question...
  • #2,385
  • Jun 22, 2017 9:27am Jun 22, 2017 9:27am
Quoting freakout
{quote} I'm trying to do the same but on lower timeframes - I'm looking for a setup on H1/H4 timeframe with D1 trend
The problem is the definition of "trend" ... If you don't see the trend on the one month chart then the pair isn't actually trending.

Now you could use the one month chart to make sure the pair is trending, the 1d chart to make sure it's STILL trending in the correct direction, and h1 to look for consolidation to give you more entries. But in my opinion, on the monthly can really show if a pair is actually in a trend or not.
  • #2,386
  • Jun 22, 2017 10:15am Jun 22, 2017 10:15am
Yeah, there are many strategies that you need to learn if you wanna become successful, in Forex Trading. You cannot rely on it on a single strategy the Forex Trading.
  • #2,387
  • Jun 22, 2017 8:52pm Jun 22, 2017 8:52pm
Quoting freakout
is there any sense in changing anything here? {image} {image}
Shame on you for not learning much from all the posts since you started this thread.
Staying in my lane...
  • #2,388
  • Jun 22, 2017 9:37pm Jun 22, 2017 9:37pm
Quoting freakout
one and a half month ago I opened a Tickmill welcome account with free $30 to check my trading skills and I think that they are not bad, but I'm still trading without any plan - I just trade what I see... when I see a bearish or bullish price pattern I just trade it and close my profit quickly if I see that there is a risk of reversal... nothing else fits me - I've tried to trade pivot points, but these lines are very distracting to me and are not accurate... is there any sense in changing anything here? {image} {image}
Yes there is and I would not trade your strategy. Look closely and tell me why.
No one can help a losing trader like yourself. There are 120 pages on your thread that proves that you cannot help a losing trader no matter what one says or do.
You came here for the truth and let me unveil it for you
  • #2,389
  • Jun 23, 2017 11:01am Jun 23, 2017 11:01am
Quoting RondaRousey
{quote} Yes there is and I would not trade your strategy. Look closely and tell me why. No one can help a losing trader like yourself. There are 120 pages on your thread that proves that you cannot help a losing trader no matter what one says or do.
I'm not a losing trader - I'm making money but without any strategy I just trade what I see and that's all...
Trade or not to trade - that is the question...
  • #2,390
  • Jun 24, 2017 4:48pm Jun 24, 2017 4:48pm
Theres no secret strategy for forex, the problem is most retail traders are over leveraging and holding on to trades..the forex market is too volatile to hold a trade for even a day, forex should be approached with a get in and out and take what you can approach, its a mistake to combine long term and over leveraging and prediction or a know whats going to happen next mind-set.

Another reason people dont learn is because the successful people dont talk on here much , would you even care about posting here if you were making thousands a day? I think not, I believe you would be enjoying your life, and saying this...as you find success trading you will slowly also find yourself caring less about forums like FF and more about quietly making money and enjoying your profits in the real world.
  • #2,391
  • Edited 10:23pm Jun 24, 2017 10:06pm | Edited 10:23pm
Quoting freakout
{quote} I'm not a losing trader - I'm making money but without any strategy I just trade what I see and that's all...
LOL you are profitable?? really? by making 10 cents to $1 a trade. In other words, your broker is making more off your trading than you are. No point making 10 cents when your broker has made 20 cents

For that reason I would not trade your strategy and hence why you are looking for some other strategy. You want to trade in your strategy for something better. You don't want to learn to trade better but to be given a profitable strategy that is better than yours.

I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all.
You came here for the truth and let me unveil it for you
  • #2,392
  • Edited 1:07am Jun 25, 2017 12:45am | Edited 1:07am
Quoting RondaRousey
I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all.
rr of 1:4... better IMO... a multiplier of 1.25... trade intraday - avoid scalping unless you're a genius or something like that.
... last but not least... until there is manipulation there is money

BUT don't ever dream... take the money and run from time to time.


EDIT: lol I made so many grammar mistakes in this post.. now it's better.
  • #2,393
  • Jun 25, 2017 7:26pm Jun 25, 2017 7:26pm
Quit and start a business. You'd be surprised on how much you you can use from your attempts at forex. Also, you will be much less of a sucker.
Solutions ONLY!!!
  • #2,394
  • Jun 25, 2017 7:41pm Jun 25, 2017 7:41pm
Attached Image


true or fantasy ?

we are still tring to find the beteer strategy but it might be the one on our hands but we did not try it to the extreme to see the results.

i move as per your move .... good to be true .
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #2,395
  • Jun 28, 2017 9:14am Jun 28, 2017 9:14am
If you already know a lot about trading and want safe guaranteed profit, and don't want to put your years of knowledge to waste...

Stop trading for real. Market yourself as a trading guru and earn tons of money selling courses!
'For the market to work, it needs people who think that they can beat it.'
  • #2,396
  • Jun 28, 2017 7:17pm Jun 28, 2017 7:17pm
Quoting AlastorFate
If you already know a lot about trading and want safe guaranteed profit, and don't want to put your years of knowledge to waste... Stop trading for real. Market yourself as a trading guru and earn tons of money selling courses!
This - has been a tried and tested strategy to make money without even trading!
  • #2,397
  • Jun 29, 2017 3:41am Jun 29, 2017 3:41am
Forex is not too complicated. only emotional can make the trader lose all the money. PM me if you are interested to learn forex. I am able to make 10% to 30% per month in past one year result. Happy pipping.
  • #2,398
  • Jun 29, 2017 6:08am Jun 29, 2017 6:08am
Quoting HLAng
Forex is not too complicated. only emotional can make the trader lose all the money. PM me if you are interested to learn forex. I am able to make 10% to 30% per month in past one year result. Happy pipping.
Wait a sec..can you smell that too?
It smells like a incoming breeze of scam
TWEE, revoke my membership.
  • #2,399
  • Jun 29, 2017 7:45am Jun 29, 2017 7:45am
Quoting HLAng
Forex is not too complicated. only emotional can make the trader lose all the money. PM me if you are interested to learn forex. I am able to make 10% to 30% per month in past one year result. Happy pipping.
oh baby, when you do 10-30% per month, you dont need to have other money or want others trade this strategy (because you have then not enough volume after short time), you simple have enough wins with yours.

there are only 3 possibilites:
- you are not very smart
- you are a faker (best chance) by using demo accounts, using real accounts and faking wins (whats is to easy), photoshop,....
- you are not smart and faker same time.

decide for yourself what you are. here is no number 4.
i only wait till you say its martingale or even try to hide it, then you are the perfect scammer.
  • #2,400
  • Jun 29, 2017 9:09am Jun 29, 2017 9:09am
Quoting dukas_trader
{quote} oh baby, when you do 10-30% per month, you dont need to have other money or want others trade this strategy (because you have then not enough volume after short time), you simple have enough wins with yours. there are only 3 possibilites: - you are not very smart - you are a faker (best chance) by using demo accounts, using real accounts and faking wins (whats is to easy), photoshop,.... - you are not smart and faker same time. decide for yourself what you are. here is no number 4. i only wait till you say its martingale or even try to hide...
bro,

i did not ask money from you or anyone of here yet? :-)
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