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Trading Forex is Hard

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.
Charts as used by Captain Hindsight. .Overcoming the spread on a 1 minute chart kills you dead.
Quoting TheGreatMilenko
{quote} Charts as used by Captain Hindsight. .Overcoming the spread on a 1 minute chart kills you dead.
The spread on the 1 min is the same as on the H4
// James
Yes, trading on the 1 minute chart is not for everyone. You need an eye for detail almost like forensics, but most importantly have a passion for it and make it your life to succeed with it.
Quoting venividivici
Yes, trading on the 1 minute chart is not for everyone. You need an eye for detail almost like forensics, but most importantly have a passion for it and make it your life to succeed with it.
You may be right, but sitting staring at a computer screen for hours day after day is not for me .
Quoting SirOrigami
{quote} The spread on the 1 min is the same as on the H4
Yeah you've missed the point. Have a think and get back to me when it clicks.Unless you're just joking yes?
There is an important aspect im not sure I have mentioned yet, the aspect is the chart context.
You dont want to be trading in the middle of nowhere, look at the minute chart as a whole and look at what its doing, but first wait for a move that has been made before going long or short. (this helps alot with consistency).

What comes up must come down and what goes down must come back up.

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Quoting venividivici
There is an important aspect im not sure I have mentioned yet, the aspect is the chart context. You dont want to be trading in the middle of nowhere, look at the minute chart as a whole and look at what its doing, but first wait for a move that has been made before going long or short. (this helps alot with consistency). What comes up must come down and what goes down must come back up. {image} {image}
Can I pm you sir?
https://www.forexfactory.com/showthread.php?t=849439

OTM's short journal is a great insight into 1 minute trading of the dax open.

A very intelligent trader showing that keeping it simple can make you money in the markets!!
"That "pattern" contains a lot of things I'm looking for well actually the entire chart. My idea is that a steep and straight movement (but without these news-type spikes) very often are followed by a significant correction or an entire reversal.
That said, my system indeed has problems on long trends and as I said earlier, these are the days I have to adapt.
My reasons:
Straight movements are easy to jump on, you can't do much wrong. If the movement was straight the reversal pattern (can be an engulfing pattern or some morning star, hangman, hammer, whatever) is usually solid. I use a stoporder with a bit of a safety distance to get onto the move."
It is not very hard if you master it.

Just follow the trend and target your SL and TP. Control drawdown in below 20%. Practice it.

One of my mythology is confident. Like playing basketball, before you shot the ball, u must have to confident. If not, you will lose the game.
Quoting dream2017
It is not very hard if you master it. Just follow the trend and target your SL and TP. Control drawdown in below 20%. Practice it. One of my mythology is confident. Like playing basketball, before you shot the ball, u must have to confident. If not, you will lose the game.

I think there is some good stuff in here regarding risk management discipline and trend-following, which has been shown to work over many asset classes and years, but I cannot agree that it is "not very hard".

http://www.eurekahedge.com/Indices/I...dge_fund_Index

Professional and highly resourced FX hedge-funds returned 0.8% YTD and -0.25% in 2018 - below inflation. If it were "not very hard" then you'd expect them to smash it. It is very competitive if, like professional funds, you try and produce risk-adjusted returns. Look at all the Myfxbook portfolios which make money but have a Sharpe ratio of 0.2!

I agree you need some confidence in your convictions to place a trade - after all, each trade is saying "you're wrong, mr market" - but i think humility and the ability to question whether you are right is extremely important.
  • Post #192
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  • Edited at 7:30am Jun 25, 2019 6:33am | Edited at 7:30am
Quoting clarke1386
{quote} I think there is some good stuff in here regarding risk management discipline and trend-following, which has been shown to work over many asset classes and years, but I cannot agree that it is "not very hard". http://www.eurekahedge.com/Indices/I...dge_fund_Index Professional and highly resourced FX hedge-funds returned 0.8% YTD and -0.25% in 2018 - below inflation. If it were "not very hard" then you'd expect them to smash it. It is very competitive if, like professional funds, you try and...
A freelancer is promoting their site.
What a headfuck.. Learn how to trade!
Risiko birgt immer auch die Chance!!!
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When you move to breakeven too soon
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Another morning at the office
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most people disregard it, but if you look at static charts, or constantly flick through them, this is the holy grail you've been looking for.
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wick resistances.

look closer and the charts will whisper the clues for you.

these will look like normal support / resistance levels on second/range charts.
Quoting venividivici
{image} wick resistances. look closer and the charts will whisper the clues for you. these will look like normal support / resistance levels on second/range charts.

For such a reason of a better view I bought a 34 widescreen.
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Risiko birgt immer auch die Chance!!!
Quoting Sesamstrasse
{quote} For such a reason of a better view I bought a 34 widescreen. {image}
perfect!!
Good morning Venividivici.

I ovservated DAX is a good example for your page 1 explained strat.

It makes every morning around the opening (the next 1-2hours) a new high/low and runs then a several pips to the last Swing high or low.

Daumen hoch!
Guido
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Risiko birgt immer auch die Chance!!!
Quoting Sesamstrasse
Good morning Venividivici. I ovservated DAX is a good example for your page 1 explained strat. It makes every morning around the opening (the next 1-2hours) a new high/low and runs then a several pips to the last Swing high or low. Daumen hoch! Guido {image}
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Nicely done..I am also suspicious of that level there
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