Daily Trading Ideas

Hi,

I been trying to trade since 2008. Closed many accounts with losses. Since December 2018 (After 10 bloody years) i been able win more trades.

My advice based on own experience:....Find a simple strategy, select just one pair (maximum 2), study everything about that pair, then start trading.

Thanks guys.

Goodluck buddy, pretty sure you are way better than me currently.. dont give up!!

Hi guys sorry been manic today. 1% gain today which consistently sits at 1-3% each day. Market was a little slow today.

Just wanted to explain how I trade a little and when I get chance I will detail out some charts.

So here it is.

I trade off the 1 minute chart for entry- now some people will not like this but I prefer it. I’m used to it and have traded it for a while. I feel I can read the market better.

I then use 15 mins and 1 hour as a point to give me a sight of the trade I’m placing.

I trade 10 pairs only and that’s all I watch.

My entry is based like George on market stop hunts. Which is constant. I set my targets up each day where the market hasn’t visited and I wait for perfect entry.

Sometimes 5 trades a day sometimes 10 all depends.

An an example is say a stop hunt was carried out and a daily high taken out on 15 and 1 hour. I would ten drop to the 1 min. And using TMAs and moving averages I would get my entry short. 80% of the time I’m doing the opposite to other traders.

Some people will call this a reversal but is it really.

Because sometimes it can be back into the long term trend, sometimes it can be against it, sometimes it can be the start of a completely new trend.

I was lucky enough to fall into the right hands early on and traded with 3 people I know who are in the 1%. Completely different traders. 2 on FF and 1 not on FF at all.

A lot lot of people will slate George for his TMA and the fact he claims to be 98% consistent. But until you see it you won’t believe.

a lot of people slate another trader that hasn’t lost in 2 years calling him a lier and blah blah blah. But again these people have nothing really to prove.

I have combined methods that that I have learned to give me the edge I need which is what forex is about.

Ivw been constant for just over 2 months so I am hoping to carry that on for the first quarter.

The key to all of this isn’t the entry, although it helps. It’s not the exit but that also helps.

Its money management, account compounding and knowing what you are doing when a trade doesn’t go your way wether that it a hedge or a stop loss.

There is no wrong answer as if people can make it work and be consistent then great.

As as I said I will try posting a few charts to give some examples 70% of my trades instantly go to profit and I try to lock in some tight some give a little bit more room. But depends if there is news etc.

I avoid the news as trading it is dangerous as it’s so highly manipulated you never know which way it’s going.

I try to be in and out of the market daily where possible but if I’m in drawdown in a trade I can exit it at break even/ small profit pretty easy. (Nope it’s not a martingale).

Anyway wanted to post this to help any new traders. I have personally spent thousands on silly courses. That taught me nothing. I have lost thousands trading. And at the end of it when I’m now profitable all I wished is I could go back in time and trade demo/ hold onto my savings and start with small accounts.

So that would be my advice to any new traders! I did it the hard way as many traders do!

Over and out.

good post , problem with new traders they see the hype and get rich schemes , make a million dollars a week , well like you i wasted money on ea,s , even the people i taught the basics fell into the trap of being greedy even after i taught them greed kills accounts they have one good win and they are master traders, yep like you i wish i could go back in time ,

regarding Georges tma its a good system when learnt properly it is not the holy grail of trading like some like to portray its just another way to trade ,

i have my own way of trading and like you try to get out of a trade quickly scalping i use 15min chart , my other trading is trade of 1 hour and day chart for direction , i also use "swap positive trading " i buy try pairs when it gets high right now its not in play , so many ways to trade but its only come from learning its doing a apprenticeship first

Nice start for a Monday

GD all ️

long gold
stop 1422
and out for joging ️

trading forex is not an easy job..
but..
if i’m just a high school boy can learn how to make money from forex why can’t a person that came from college or university to do it? ️
edit:high school also never finish study

true

stop out..
will try again later ️

G'day all,

Long? I think today we are going on the downside..... maybe ...

cash and collects ️
take back my loss

one more..
don’t sticks to only one side view ️

close all my short scalps..
waiting for nice setup to risk long soon ️

yum, yum… XAU, watch out now if it breaks this level or not...!!!!

Taking the dog for a walk, nice early beer money though.... watch UC looks like it might comeback down again...…?

setup formed on m15.. gonna risk a long position here and see how.

there no long setup mate..
be careful ️

thanks buddy, my bad! took a run with 8pips profit

I left 1h 1/2 ago and nothing changed!! maybe Gold is waiting for me????