Trading Forex is Hard | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How Hard Was Your Forex Beginning? Share to Encourage others 3 replies

Trading Options... What I've learned (the hard way) 45 replies

forex ain't hard 17 replies

New trading system hard to completely follow... anyone ever have this problem? 0 replies

Attachments: Trading Forex is Hard
Exit Attachments

Trading Forex is Hard

  • #21
  • Jul 31, 2018 12:32pm Jul 31, 2018 12:32pm
Quoting montego
{quote} Hi I meant the box and rectangle, i know you can draw a box in mt4, but there are also indis that draw consolidation, was just wondering if it was one of these indis or just draw manually, cheers all.
Ah I see now. Sorry mate, I didn't noticed at all before! Have a nice day
  • #22
  • Jul 31, 2018 2:56pm Jul 31, 2018 2:56pm
Quoting venividivici
{image} Entries are the arrows after stops get taken out on each of those areas. Yes there will be losses, small ones if you trade on 1min. Opportunities? Countless everyday per pair. If you think this is hard to make money with, I dont know what to say to you. No technical analysis. No Fundamentals. No Indicators. Wake up in the morning and get your money.
Wake up in the morning and get your money

what in all god names are u smoking man ?
  • #23
  • Jul 31, 2018 3:10pm Jul 31, 2018 3:10pm
Quoting venividivici
{image} Entries are the arrows after stops get taken out on each of those areas. Yes there will be losses, small ones if you trade on 1min. Opportunities? Countless everyday per pair. If you think this is hard to make money with, I dont know what to say to you. No technical analysis. No Fundamentals. No Indicators. Wake up in the morning and get your money.
very interesting bud..
i wish you well and i will keep watching..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24
  • Jul 31, 2018 4:58pm Jul 31, 2018 4:58pm
Hi everyone,

I'm new with Forex. I've just opened a 50$ live account and try the first order. I set the stop loss and I didn't close my order. Then it closed by itself ( very far from the stop loss ). Can anyone explain if I did something wrong here? Pls see attached photo
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 13 KB
  • #25
  • Jul 31, 2018 5:18pm Jul 31, 2018 5:18pm
Quoting venividivici
{quote} Well what im saying is, would you risk 2 pips to gain 10? lol. People over analyze and concentrate way too much when trading, just take the damn trade. That's all ill say.
Just take the trade?! That's not easy...

Do you use stop orders? For me to be quick I have to ambush price...

Thanks for the thread

Regards

S.
  • #26
  • Jul 31, 2018 5:32pm Jul 31, 2018 5:32pm
Quoting Swnlobo
{quote} Just take the trade?! That's not easy... Do you use stop orders? For me to be quick I have to ambush price... Thanks for the thread Regards S.
I recommend some kind of widescreen or multiple monitors with a few charts open so you can see everything at the same time, much easier.
  • #27
  • Aug 1, 2018 8:48am Aug 1, 2018 8:48am
try these filters
Attached Image (click to enlarge)
Click to Enlarge Name: ff.jpg Size: 535 KB
  • #28
  • Aug 1, 2018 8:49am Aug 1, 2018 8:49am
Quoting yeshuayoke
try these filters {image}
Could you please upload those indicators mate?
Nothing in life is to be feared, it is only to be understood.
  • #29
  • Aug 1, 2018 10:00am Aug 1, 2018 10:00am
Quoting yeshuayoke
try these filters {image}
It's Pivot Trading system.
I make perfect trades. But terribly manage it
  • #30
  • Aug 1, 2018 10:21am Aug 1, 2018 10:21am
This strategy has been used so many times before. Stophunts are used by market makers. Market makers arent hunting stops on a 1 minute chart though and you will never know if it will be a stop hunt a break of s/r. Unless you bring some other type of skill to this system you are going to lose your money. Newbies beware. I really wish people wouldnt make threads that make it look this easy because its not lol.
  • #31
  • Aug 1, 2018 10:59am Aug 1, 2018 10:59am
Quoting sharingan9
This strategy has been used so many times before. Stophunts are used by market makers. Market makers arent hunting stops on a 1 minute chart though and you will never know if it will be a stop hunt a break of s/r. Unless you bring some other type of skill to this system you are going to lose your money. Newbies beware. I really wish people wouldnt make threads that make it look this easy because its not lol.
I believe he wants you to understand that it is better to lose 4 pips and get 10 than trade 1H chart with 25 SL for profit of for example 10 pips. You can lose 6 trades with 4 pips SL, but 6 trades with 25 SL will give you 150 pips lose. 6x4 is only 24. So you can take a trade because profit will be bigger than stoploss. You will endup with more wins than loses. You don't actually need to know if it is break or not since breakouts does not happen 100% of the time.
  • #32
  • Aug 1, 2018 1:31pm Aug 1, 2018 1:31pm
Quoting SilentFather
{quote} I believe he wants you to understand that it is better to lose 4 pips and get 10 than trade 1H chart with 25 SL for profit of for example 10 pips. You can lose 6 trades with 4 pips SL, but 6 trades with 25 SL will give you 150 pips lose. 6x4 is only 24. So you can take a trade because profit will be bigger than stoploss. You will endup with more wins than loses. You don't actually need to know if it is break or not since breakouts does not happen 100% of the time.
Trade this and you will lose your money no matter how you figure your SL or TP. The biggest issue there is in forex, is where to set your TP and SL. If your SL is too far then your 1:1 TP may be too far and never gets hit and if your SL is too close your stopped out. If your Risk is higher than your reward your loss will wipe out your wins. If your reward is higher than your risk price may not get to your TP.

So what is the solution? The only solution is to find a level that will be strong enough to propel price in your trade direction and protect your stoploss, combine that with trend exhaustion/weakened momentum and targets. Price will not be pushed in your trade direction because of a "stophunt" that may or may not be there. Stophunt on the 1 minute chart? Do you think JP Morgan is acting as a market maker and looking to hunt someones stop placed on the 1 minute chart? come on man. Even if that was the case since it can be possible(not probable), you will not be able to tell when it is a breakout or stophunt. Breakouts happen all the time. Try this for a year than guaranteed you'll add 70 useless filters and then quit this system and all of this will transpire in a weeks time
  • #33
  • Aug 1, 2018 1:39pm Aug 1, 2018 1:39pm
Quoting sharingan9
{quote} Trade this and you will lose your money no matter how you figure your SL or TP. The biggest issue there is in forex, is where to set your TP and SL. If your SL is too far then your 1:1 TP may be too far and never gets hit and if your SL is too close your stopped out. If your Risk is higher than your reward your loss will wipe out your wins. If your reward is higher than your risk price may not get to your TP. So what is the solution? The only solution is to find a level that will be strong enough to propel price in your trade direction and...
This is true. At least now I can agree. My friend have something that will show you where big banks enter the trade and where are their stops. He use Excel for this calculation. He is pretty clever and call Market Makers forex brokers a "casino". I never found out why. He gave me some secret ideas but it is very hard to get info from him. There is always a way. You just need patience and energy to look.
  • #34
  • Aug 1, 2018 1:48pm Aug 1, 2018 1:48pm
Quoting SilentFather
{quote} This is true. At least now I can agree. My friend have something that will show you where big banks enter the trade and where are their stops. He use Excel for this calculation. He is pretty clever and call Market Makers forex brokers a "casino". I never found out why. He gave me some secret ideas but it is very hard to get info from him. There is always a way. You just need patience and energy to look.
Your friend knows where the banks bought and sold but your friend does not know when the banks will buy and will sell. The key difference being the word will. Small word, big difference.
  • #35
  • Aug 1, 2018 2:14pm Aug 1, 2018 2:14pm
Quoting sharingan9
{quote} Your friend knows where the banks bought and sold but your friend does not know when the banks will buy and will sell. The key difference being the word will. Small word, big difference.
You seem to have some sort of ego, but is that ego bringing you money yet? Just wondering.

By the way:

"The more members are talking bout other members, me or people rather than positive trading/results, the more they are simply wasting their time.

Keep your eyes on the prize, eliminate all distractions by placing members like this on your "Ignore Block" list. If a trader should say something rookie, put them on your Ignore Block list. Wasting your time? Ignore Block. Lower trading experience and success? Ignore block. With forums that have a membership of over 500K member, it MUST be done to sift through all the noise

You will find your entire trading experience here at FF more profitable, less noisy and more beneficial for sure."

I hope you find what youre looking for, goodbye!
  • #36
  • Aug 10, 2018 11:46am Aug 10, 2018 11:46am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 146 KB


This ones for my mentor and role-model, Who taught me how to make real money in the markets unconventionally, not only that...but how to invest and deal with taxing issues, brokers, spreads and everything else you need to become a success and not once did he ask me for a penny back. Not sure if hes reading or not "J", Who taught me how to trade minute charts super accurately, How to read every candle individually like human feelings, and take accuracy to extreme points in which too many people are too lazy to put the effort in to suceed.

2 pip stop loss, 5 pip profit, got out too early it went over 20 pips. but little pips is all I need.

This ones dedicated to him, lol.
  • #37
  • Aug 10, 2018 2:14pm Aug 10, 2018 2:14pm
Quoting venividivici
{image} This ones for my mentor and role-model, Who taught me how to make real money in the markets unconventionally, not only that...but how to invest and deal with taxing issues, brokers, spreads and everything else you need to become a success and not once did he ask me for a penny back. Not sure if hes reading or not "J", Who taught me how to trade minute charts super accurately, How to read every candle individually like human feelings, and take accuracy to extreme points in which too many people are too lazy to put the effort in to suceed....
Thanks Venividivici for sharing your positive journey...
  • #38
  • Aug 10, 2018 2:20pm Aug 10, 2018 2:20pm
The system deserves the name: After the battle, every general is.
Please excuse the bad English via Google Translate.
  • #39
  • Aug 10, 2018 2:39pm Aug 10, 2018 2:39pm
Quoting venividivici
{image} This ones for my mentor and role-model, Who taught me how to make real money in the markets unconventionally, not only that...but how to invest and deal with taxing issues, brokers, spreads and everything else you need to become a success and not once did he ask me for a penny back. Not sure if hes reading or not "J", Who taught me how to trade minute charts super accurately, How to read every candle individually like human feelings, and take accuracy to extreme points in which too many people are too lazy to put the effort in to suceed....
Dear friend,
What was your reason to take this trade?
(And, please, what pair and spread was it?)
Thank you for your inspiration!
Just an opinion. Based on research
  • #40
  • Aug 11, 2018 9:01am Aug 11, 2018 9:01am
Quoting venividivici
{image} This ones for my mentor and role-model, Who taught me how to make real money in the markets unconventionally, not only that...but how to invest and deal with taxing issues, brokers, spreads and everything else you need to become a success and not once did he ask me for a penny back. Not sure if hes reading or not "J", Who taught me how to trade minute charts super accurately, How to read every candle individually like human feelings, and take accuracy to extreme points in which too many people are too lazy to put the effort in to suceed....

Hi venividivici,

It doesn't look like the first chart where the stops were taken out and then market retraced... Is it another entry setup? Too bad the german guy is gone... but you are here to pass on the legacy (lol) or bits of it

Thanks and keep them charts coming...

Regards
S.
0 traders viewing now