What works, and what doesn't

What is volatility trading?
Volatlity is trading the every day up and downs in the market.

So its range trading? No..

Usually you wait for price will break out of a range and to make its move..
You pick a level, above the break out, that you think price will reaction to.. (need experience watching charts to be good at this)
Maybe you think price can drop 15 pips from 1.2234 on your chart.
Maybe you take the signal blindly... Maybe you candle watch the level on smaller time frame. I can't tell you what entry signal will work best with your brain.
Once you get your favorite entry signal for your self designed system.. you enter.
Volatility trading is that simple.
You understand price moves both up and down on most days... and you profit from it.

Its more like trying to predict a future range, or area price will revisit... rather then trading an old stale range.
I never had luck trading old stale ranges..

Please go away!

Just report the link as Commercial

That will fix it

1 - 2 - 3 works sometimes , dash line is last week's high breakout too

Trading is actually quite simple. When price moves in a direction strongly, the greater the chance it will reverse. The greater the move, the higher chance you have on winning.
For example In the middle of the chart, it’s 50% chance. When price moves to the extreme price levels, it’s 90% chance of winning.
So it’s not hard to know where we should be trading isn’t it.

Hey All,

The thing I have noticed in FX trade is there is no 1 way to trade. After over nearly 20 years of trading, I have been through more than a few trading styles. Trading tick charts to weekly, MA crossovers and fibs to Keltner channels and B Bands, trading is a constant learning experience. I still learn new things all the time. It comes from experience, trading live, owning your mistakes and not blaming others.

Just keep trading, testing, refining. You will find something if you have the stones to keep going. Trading is a lonely endeavor. Find like minded people. I highly recommend it. Find people who you have things in common with outside of trading. My group loves movies, video games, conspiracy theory, the history of military weapons and tactics as well as trading. Combined we trade 20 different pairs and CFDs and in somewhat different ways but we pool our information and keep each other informed and entertained.

Trading life is what you make of it. Personally I wouldn't want to do anything else.

Good Luck,

- Ric

my 10 cents @

what works is:
1.go against the public and catch up with MM(money Makers),check out client sentiment information from net.
2.Reduce the dollar dominated pairs, try crosses of jpy and chf,big banks play with major currencies.
3.sharpen your entry skills,this is the key.
4.100 successful trades on demo with 70 - 80% success.Patience and perseverance.


what doesn't work?
1.All lagging indicators.
2.instead of using stop loss,think out of the box,stops are always hunted by thieves.

The dynamics of liquidity and volatility in the forex market vary for each pair, and this can affect profitability of trading.

Another good week on the books..

I know trading NFP and FED is not my edge.. So stayed flat during events... Plus we had May Day holliday in europe..
So wasn't a huge week.. But was good!
When london session is too slow and conditions arn't right.. I just practice my guitar and take the night off.
Better to take a night off then to guess or hope and have a loss!

Show us some trades. I’ve been following this thread for a while and it’s been invaluable. Stayed away from charts this week but a few of yours would be great to analyse. Don’t care about lots btw

Stop hunting of 0.01 lot trades?

all your trades are only of 0.01? too slow ,too small,dont trade,sit home and relax hahaha,joking my friend.

It's ok to take a piss, Gov. Cheers!

LMFAO.... That was great....

- Ric

Discretionary trading is easier to make work, system trading is harder to make work. What I mean is, of course you have to have a system in both types of trading but you'll get better results long term if you pick and choose when to apply your EA versus letting the EA run loose on 100% auto pilot indefinitely in a set it and forget it manner.

Less is more
One of the biggest things about trading is waiting for the odds to be in your favor, and for your setup to happen.
Sometimes you might have to wait 2-3 days. Other times you might get a few trades a day.
Trading is sometimes a waiting game for conditions to be just right.
Its when you get impatience and try to force a trade that you will probably lose.
Often in trading LESS is MORE.. less trades, but better trades = more money
Be patient.. Don't get desperate.. When your gut is telling you its the right time.. enter.
Gut trades= good Impulse trades = Bad Over trading = bad
Example...
After the usd Ran up for 5 days in a row... I didn't want to chase it..(chasing price is often the worst thing you can do)
But I had no signal to short.. I had to wait a few days either for a pull back to get long.
Or sign it was okay to short. Finally dollar did start to turn down a touch.. and I was able to make some pips off it with a dollar short.
I couldn't just blindly step in front of a Train until i felt confident it would turn.. I only got in a few trades this week.. but they were all profitable.

STOP HUNTS...
If your trades are being "stop Hunted" something is wrong with your system..
Volatility generally increases certain times of the day and at major news events..
Take note of when your being "stop hunted". What time of day is it? Is it a news spike?
For example, if your enter a trade while London is at lunch... and get stop hunted as USA opens..
Your not reading volatility right. Its 100% normal for volatility to increase as USA opens.

Stop Hunt imply s somebody is out to get you... and its not your fault..
Let me tell you this.. If it keeps happening over and over it is your fault
and your system needs work.

Stop playing victim and use your brain to figure out whats going wrong!
Don't expect it to be easy... you have to watch price for years to get good!
If your not a profitable trader.. and only spending an hour or two on charts.. its gonna take you 20 years.
I spent countless hours watching price, even on weekends. till my eyes almost exploded.
Learning to trade is like 2 full time jobs! Yes its that much work!

Less isn't more when it comes to learning...

Discretionary trading

I only use Discretionary trading. I put my system to work when conditions look right.

I believe you can get better timing better win ratio by choosing when to trade and not to trade.

Why would you trade after usa closes during "roll over" when spreads tripple?
Why would you trade 10 seconds before a brexit vote if your system isn't a news trading system.
You must take every single signal if you use a hard system with no discretion.

I use Discretion to Avoid times when I think risk might be too high as well as to try to put the odds in my favor as much as possible.

Note:
I've seen good traders who don't use much discretion and they are usually on big time frames.. with Big stops.
Usually they are holding for 2 - 5 days or more, and a 70 pip NFP spike wouldn't bother them much as their stops are 100-200 pips.
Their time frames are so huge that what goes on in the next 4-12 hours is of little concern.
I trade inter day so I have to be a little more careful about volatility spikes.