Don't think!
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SIMPLE EA for a simple method needed!! 2 replies
Trading is this Simple? Finally Explained simple and clearly! 46 replies
More easy is impossible 17 replies
long-run profits impossible with short-term trading? 39 replies
DislikedGood advice for you is read something about discretionary style trading, like Dee mentioned. Try book "Trading in the Zone" by Mark Douglas and "Trading Rules That Work" by Jason Alan Jankovsky, both enough to get you on a level you will be able to make money by trading, if you will take those golden books serious, of courseIgnored
DislikedHi, all. Where do you usually place TP and SL, please? According to s/r zone, trendlines, stoch overbought/oversold...? Thank you very much.Ignored
Disliked{quote} I just finished Trading in the Zone. It is interesting in that I think that a significant amount of traders just approach trading from the pattern recognition side (head and shoulders, 123, etc.), but really there are two fundamental components of trading: 1) Looking for patterns or the "edge" as he calls it (relatively easy since there are tons of books out there on patterns) 2) Having the mental control to act upon the patterns in an objective way (can be much harder since you have to unlearn the pain association, especially if you have...Ignored
Disliked{quote} Well, for me it depends on the situation. For the SL, usually the recent low/high. For TP, it depends on the situation, example if a 123 is found, 161.8 or 200% extension, looking for possible confluence with S/R, BRN. Best, JoshIgnored
Disliked{quote} Thanks a lot Josh. Sorry for questions. Which renko do you use, renkochart suite, or renkolivecharts pimped? What is BRN? Thanks again!Ignored
Disliked{quote} I use STG renko builder, i posted a link to it, look in the paperclip in the top right corner, or search function. BRN is big round number. I recommend you read the thread from the start, it takes a bit of time but will make things clearer. Best, JoshIgnored
Disliked{quote} I am super thrilled, you really read that book !I printed all the principles and truths on the paper and I have it behind laptop on the wall. When I get a bigger loss or I jump into trade in no man's land, I know for 100% I broke one of principle or truth. The best about Trading in the Zone is, that Mark Douglas created all these rules in way, those are actual in every situation. It means, whatever will/is going to happen has no affect on the effectiveness of principles and truths which are wrote in the book....
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DislikedHi guys, I see many of you focus on DAX and GER30 ... is there a reason why? I couldn't find the page where this transition has happened since the original thread starter is using normal currency pairs. Does this method work better on DAX and GER30?Ignored
Disliked{quote} DAX is Ger30. The only reason a move to it was made is because it moves more on average. Check ADR and you can see this. The trading method here, or better said trading style works on any instrument. Best, JoshIgnored
DislikedNow you can add some indicators..... oscilators...... for lose money. Or you can accept that trading is so simple. Yes. In previous chart i taked 13 entries. 8 winners, 1 BE, 3 lossers. 205 net pips only in this cross and only today. With no indicators. Only daytrading. Buy sell, sell buy. Simple entries. Now imagine that yo can do in another crosses. Anyone can tell me when you take this entries only looking this HA chart?.Ignored
Disliked{quote} No you make me curious, or you know that there is an EA and you just want to make me look for it or you don't and you just want me to lose some time xDIgnored
Disliked{quote} No you make me curious, or you know that there is an EA and you just want to make me look for it or you don't and you just want me to lose some time xDIgnored
Disliked{quote} Looking at a chart and saying, "when would you like to take entries" is illogical because looking at a chart you know what happened. So my question is, in the moment you are trading how do you pick your entries? What TF are you trading on? What criteria do you use to decide that the trend is going to change direction or are you simply looking at a bounce and trading the existing trend? You posted something here to the trading system forum and yet you've given no rules as to your system or how you make entry/exit decisions.Ignored