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Trading Forex is Hard

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  • Post #181
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  • Apr 28, 2019 7:38pm Apr 28, 2019 7:38pm
  •  TheGreatMilenko
  • Joined Jul 2006 | Status: Member | 967 Posts
Quoting venividivici
Disliked
{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.
Ignored
Charts as used by Captain Hindsight. .Overcoming the spread on a 1 minute chart kills you dead.
 
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  • Post #182
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  • Apr 29, 2019 12:26am Apr 29, 2019 12:26am
  •  SirOrigami
  • | Joined Jan 2011 | Status: Retired | 211 Posts
Quoting TheGreatMilenko
Disliked
{quote} Charts as used by Captain Hindsight. .Overcoming the spread on a 1 minute chart kills you dead.
Ignored
The spread on the 1 min is the same as on the H4
// James
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  • Post #183
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  • Apr 29, 2019 3:06am Apr 29, 2019 3:06am
  •  venividivici
  • Joined Jun 2015 | Status: Retired | 923 Posts
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.
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  • Post #184
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  • Apr 29, 2019 2:29pm Apr 29, 2019 2:29pm
  •  TheGreatMilenko
  • Joined Jul 2006 | Status: Member | 967 Posts
Quoting venividivici
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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.
Ignored
You may be right, but sitting staring at a computer screen for hours day after day is not for me .
 
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  • Post #185
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  • Apr 29, 2019 2:31pm Apr 29, 2019 2:31pm
  •  TheGreatMilenko
  • Joined Jul 2006 | Status: Member | 967 Posts
Quoting SirOrigami
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{quote} The spread on the 1 min is the same as on the H4
Ignored
Yeah you've missed the point. Have a think and get back to me when it clicks.Unless you're just joking yes?
 
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  • Post #186
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  • Jun 7, 2019 2:18pm Jun 7, 2019 2:18pm
  •  venividivici
  • Joined Jun 2015 | Status: Retired | 923 Posts
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.

Attached Image


Attached Image
 
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  • Post #187
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  • Jun 7, 2019 4:42pm Jun 7, 2019 4:42pm
  •  emicovi
  • Joined Aug 2017 | Status: If you wanna win leave FF | 284 Posts
Quoting venividivici
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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}
Ignored
Can I pm you sir?
 
 
  • Post #188
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  • Jun 8, 2019 3:30am Jun 8, 2019 3:30am
  •  shrips
  • | Joined Dec 2015 | Status: Member | 225 Posts
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!!
 
 
  • Post #189
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  • Jun 24, 2019 4:19pm Jun 24, 2019 4:19pm
  •  venividivici
  • Joined Jun 2015 | Status: Retired | 923 Posts
"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."
 
 
  • Post #190
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  • Jun 24, 2019 5:00pm Jun 24, 2019 5:00pm
  •  dream2017
  • | Commercial Member | Joined May 2017 | 70 Posts
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.
https://t.me/GoldMaxFX
 
 
  • Post #191
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  • Jun 25, 2019 5:07am Jun 25, 2019 5:07am
  •  clarke1386
  • | Joined Jun 2019 | Status: Member | 10 Posts
Quoting dream2017
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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.
Ignored

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
  • Quote
  • Edited at 7:30am Jun 25, 2019 6:33am | Edited at 7:30am
  •  Sesamstrasse
  • Joined Jun 2013 | Status: Membership Rewarded | 3,154 Posts
Quoting clarke1386
Disliked
{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...
Ignored
A freelancer is promoting their site.
What a headfuck.. Learn how to trade!
The future(s) is mine!Risiko birgt immer auch die Chance.
 
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  • Post #193
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  • Jun 25, 2019 2:02pm Jun 25, 2019 2:02pm
  •  venividivici
  • Joined Jun 2015 | Status: Retired | 923 Posts
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When you move to breakeven too soon
 
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  • Post #194
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  • Jul 2, 2019 4:23am Jul 2, 2019 4:23am
  •  venividivici
  • Joined Jun 2015 | Status: Retired | 923 Posts
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Another morning at the office
 
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  • Post #195
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  • Jul 2, 2019 6:10pm Jul 2, 2019 6:10pm
  •  venividivici
  • Joined Jun 2015 | Status: Retired | 923 Posts
Attached Image


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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  • Post #196
  • Quote
  • Jul 8, 2019 4:51pm Jul 8, 2019 4:51pm
  •  venividivici
  • Joined Jun 2015 | Status: Retired | 923 Posts
Attached 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.
 
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  • Post #197
  • Quote
  • Jul 9, 2019 3:43am Jul 9, 2019 3:43am
  •  Sesamstrasse
  • Joined Jun 2013 | Status: Membership Rewarded | 3,154 Posts
Quoting venividivici
Disliked
{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.
Ignored

For such a reason of a better view I bought a 34 widescreen.
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The future(s) is mine!Risiko birgt immer auch die Chance.
 
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  • Post #198
  • Quote
  • Jul 9, 2019 10:24am Jul 9, 2019 10:24am
  •  venividivici
  • Joined Jun 2015 | Status: Retired | 923 Posts
Quoting Sesamstrasse
Disliked
{quote} For such a reason of a better view I bought a 34 widescreen. {image}
Ignored
perfect!!
 
 
  • Post #199
  • Quote
  • Jul 12, 2019 4:52am Jul 12, 2019 4:52am
  •  Sesamstrasse
  • Joined Jun 2013 | Status: Membership Rewarded | 3,154 Posts
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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The future(s) is mine!Risiko birgt immer auch die Chance.
 
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  • Post #200
  • Quote
  • Jul 12, 2019 1:58pm Jul 12, 2019 1:58pm
  •  venividivici
  • Joined Jun 2015 | Status: Retired | 923 Posts
Quoting Sesamstrasse
Disliked
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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