What works, and what doesn't | Page 18 | Forex Factory

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What works, and what doesn't

  • #341
  • Jan 18, 2019 6:48am Jan 18, 2019 6:48am
nice thread....seems like everything works, but no one believes it
Look Sharp/Trade Tight
  • #342
  • Jan 18, 2019 7:21am Jan 18, 2019 7:21am
I'm use levels and PA mostly now, well as much as I can...sometimes I think I just guess really
Look Sharp/Trade Tight
  • #343
  • Jan 20, 2019 7:59pm Jan 20, 2019 7:59pm
Quoting PayTheLimit
nice thread....seems like everything works, but no one believes it
Not sure the meaning of that, but NZDCAD still going down

It takes a lot for me to IGNORE you, but you can try.
  • #344
  • Edited 10:32pm Jan 20, 2019 10:19pm | Edited 10:32pm
Quoting Erebus
{quote} Not sure the meaning of that, but NZDCAD still going down

indeed, looks pretty damn bearish....





what it means is that no one on FF believes that anything they are not using to analyze the market works...so I'm gonna use nothing, that way no one will have a problem with how I trade....



this is my new chart....so since all trendlines are drawn wrong, fibs are random lines, MAs lag, and etc....I'm not gonna use any of them
also I've grown increasingly lazy lately, so this will cut down on the time I'm in front of the computer....plus funny thing is, its basically how I used to trade in the old days...I don't follow or trade this pair, but operating on the premise of "if everyone is selling, I should be buying", I'd be looking for a place to long for a bounce today or tomorrow...
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADH1.png Size: 93 KB
Look Sharp/Trade Tight
  • #345
  • Jan 21, 2019 12:42am Jan 21, 2019 12:42am
Quoting Erebus
{quote} Not sure the meaning of that, but NZDCAD still going down
If market breaks 0.8915 level then the next target is around 0.8734.
  • #346
  • Jan 21, 2019 2:02am Jan 21, 2019 2:02am
Quoting NeilWagner
{quote} If market breaks 0.8915 level then the next target is around 0.8734.
Expect some to and fro price action as per Pay The Limit says, short term long opportunity perhaps, as no US markets open on Monday

Here a graph for him, to trade from

Attached Image
It takes a lot for me to IGNORE you, but you can try.
  • #347
  • Jan 21, 2019 4:28am Jan 21, 2019 4:28am
Quoting Erebus
{quote} Expect some to and fro price action as per Pay The Limit says, short term long opportunity perhaps, as no US markets open on Monday Here a graph for him, to trade from {image}
Well; thanks for your graph; but in my trading I believe only my trading chart; nothing else.
  • #348
  • Jan 21, 2019 6:42am Jan 21, 2019 6:42am
Quoting Erebus
{quote} Expect some to and fro price action as per Pay The Limit says, short term long opportunity perhaps, as no US markets open on Monday Here a graph for him, to trade from {image}

lol, thanks man..





truth of the matter is that I would not be trading NZD/CAD in any capacity, I've been staying away from the crosses, for a variety of reasons....but mostly to satisfy my need to trade less....I'll tell you something that works for me....trading less...


that said, I took a look at NU, I'd be looking for longs there are well, but haven't seen anything interesting on the chart, and its a half day really...
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 83 KB
Look Sharp/Trade Tight
  • #349
  • Jan 22, 2019 12:28pm Jan 22, 2019 12:28pm
those who understand that this is the best thread on FF are the smart ones.
// Jim Ægirson https://discord.gg/Dkm3demYsx
  • #350
  • Jan 25, 2019 5:31am Jan 25, 2019 5:31am
Quoting bloodpoodle
Honestly I can't tell anybody how to win. I just know there is no one magic setup that works 100% of time. You have to know when conditions are right, and you can only get that from years of watching charts. No free ride, put in the work to get the reward!. It takes watching charts till your eye's bleed. If your not feeling confident take the day off.. your gut is telling you something.. Listen to it.. my 2019 so far.. {image}
I listen to you, now my trade turn to consistant profit, for this first 2 weeks of the year...your knowledge help me to choose which pair to trade.

In my holiday (off chart entirely) mid dec-mid jan...I found 3 secrets, that changed my way of trading...2 of them openly found (order block and turtle soup) but people just cannot use it.
But your knowledge donot openly found but very easy to use. The clue is time and price.

Thanks again.
  • #351
  • Jan 25, 2019 7:07am Jan 25, 2019 7:07am
Quoting Erebus
{quote} I guess that was directed at me? I know what you mean about random lines, I've seen a video on Youtube about it even. But the moving average crossover is the only time I use FIB, it defines the range of price Then I watch for rejection around the 50% pullback - not even a Fib number Gann first spotted the value of 50% We will see how it works going forward, thanks
Fibs works...but need expertise. Understand that daily and scalp candle need different MA number, also EMA and SMA have its own character.
Fib body to body and wick to wick have its own ratio to work with.
I Just not quick enough to draw fibs for daytrade. fibs trader need more patience, this pattern not happen all the time (sometime price just leave without you) and not applicable to all pair (need alot of backtest).
  • #352
  • Jan 27, 2019 7:46pm Jan 27, 2019 7:46pm
I'm seeing how important it is for the strategy to be ready for range and trend simultaneously. If the strategy is only able to handle one or the other, it's likely not to work. What is more likely to work is a strategy that is trading as if market is currently in a range and in a trend, simultaneously. This is the new test I'm running on XAUUSD and GBPNZD and so far, what I'm seeing is encouraging.
  • #353
  • Jan 27, 2019 7:46pm Jan 27, 2019 7:46pm
Nice thread, I always like reading your posts.
  • #354
  • Jan 27, 2019 9:40pm Jan 27, 2019 9:40pm
Quoting Erebus
{quote} Expect some to and fro price action as per Pay The Limit says, short term long opportunity perhaps, as no US markets open on Monday Here a graph for him, to trade from {image}
great ....!!
Know The Presence Of The Market
  • #355
  • Jan 28, 2019 3:26am Jan 28, 2019 3:26am
Wow, I helped with the article above. honestly I'm studying to become a successful forex trader. Thank you much
  • #356
  • Jan 29, 2019 8:38am Jan 29, 2019 8:38am
I was reading an article. It said to study your bad trades, and make changes so you improve.
I don't do that. I look at my winners and hyper-focus on whats working for me, and trying to reduplicate it.
My bad trades, I do take a look at.. And I try to avoid the same situation in the future.
Example if I traded NFP and lost. I'd consider not trading NFP at all. Rather then trying to master it..
NFP is once a month event, that I wouldn't focus my time or effort on.

To be profitable you have to master 1 thing.. Not everything.
The only system that will work is one designed by and for yourself.
  • #357
  • Jan 29, 2019 11:37pm Jan 29, 2019 11:37pm
Lots of big events this week..
FOMC, end of the month positioning, NFP
If your not comfortable with these big events its
okay to wait. Market will still be here next week.
The only system that will work is one designed by and for yourself.
  • #358
  • Jan 30, 2019 5:31pm Jan 30, 2019 5:31pm
What doesn't work = everything posted on Forexfactory or any other retail trader forum
i lose money for a living
  • #359
  • Jan 30, 2019 9:35pm Jan 30, 2019 9:35pm
Nothing works! Oh wait!

Attached Image
The only system that will work is one designed by and for yourself.
  • #360
  • Jan 31, 2019 7:36pm Jan 31, 2019 7:36pm
Hey All,

I think the title of this thread should be, "What works for you, and what doesn't work for you". That would be more accurate. There are many traders, retail traders included, that are "successful". Unsuccessful traders fail because of the same mix of reasons. Under capitalized, uneducated, unrealistic expectations & unwilling to accept they are not fit for this business.

I am not exactly sure why so many folks think they can waltz into this business and make it. In the HIGHLY LIKELY event they do not make it, they start to blame brokers, "gurus" they "learned" from, the market itself, blah blah blah... . You failed, that's it. Just like 95% of all businesses started anywhere, you will fail within 5 years.

I bet because there is a low barrier (cost) of entry to start in this business, many people take a shot. If it cost a few hundred dollars to start a restaurant, gas station, bar or any other business, I am sure there would be many more people trying and failing a new business. If it cost thousands or tens of thousands to start a Forex business, like the cost of other businesses, many more people would think twice about jumping in.

The best part of Forex, if you take it seriously, is the fact that it costs very little to start and you have the ability to grow slow, make mistakes that wont cost you that much, relatively, and eventually with hard work you can build something. I started my Forex journey in 1998 and to this day I still learn new things, adjust and grow. I take loses, I get upset, I make mistakes. I also stay disciplined, own my mistakes, ask for help when I need it and most importantly, I do not take it personal. I don't have an ego about trading. Ego kills faster then trading without a stop-loss... Believe it.

Good Luck

- Ric
Be humble or get humbled
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