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Daily Trading Ideas

gold
on 1727 for a short if there's a nice set up
Quoting PatienceFx
{quote} lets help you in simple words simple macd setting with day pivot on chart collect 150 to 2 00 pips daily on m5 charts try it {image}
Why you don't share your indicator setting here mate?
UJ: As I see it
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Persian Gulf forever
GD all.
If you don't know how to earn money, don't loose it.
️..
finish my movie and Gu still shaking at same place..
so sometimes don’t monitor too much..
let them play..
just for a cup of coffee...
Quoting akim0895
️.. finish my movie and Gu still shaking at same place.. so sometimes don’t monitor too much.. let them play..
Become familiar with this emo day by day....


GD akim n all....
cash n collect ... for coffee break now .. he he

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likely Gu waiting for me to start drop
nice..
just for a cup of coffee...
Quoting randu
{quote} Why you don't share your indicator setting here mate?
WHY THE Fark dont you try and work out what indis and settings you see .... you will only learn by researching sheez
Quoting starpro
{quote} WHY THE Fark dont you try and work out what indis and settings you see .... you will only learn by researching sheez
EZ buddy, this thread is to share any idea for other. Just like Akim say... just respect other.

Quoting starpro
{quote} WHY THE Fark dont you try and work out what indis and settings you see .... you will only learn by researching sheez
woahh...woahh..
hold the horse mate..
ha ha..
he only asking if he can sharing something there
if don’t want nothing wrong..
owner not saying anything yet..’
and i know patiencefx for some times
he great guy..
at past he always stop by give some of his view n opinion here..
stay at home...
keep social distancing..
️
just for a cup of coffee...
Quoting navk
{quote} hey man, Just a question, for a professional entry, what lot size one should tarde with 1k account with 1 : 500 leverage
Hi Navk,
posting this, not directed to you, but to any brother newbie that wants to keep alive on the trading world.
trading is so exciting that new traders just want to get in market, as sooner, as better. This, by itself is the fastest way to get ripped off.
we see this very often. people just came to trading, see some system/strategy like akim's, they read, they think they understand, and they are ready!
it looks so easy, that the dream goes high!
they forgot the mental part.
Emotions is deadly.
no one becomes a trader if can't accept a loss without emotion.
so, how to deal with it when we are rookies?
all trades must be planned, it's not just a question to find the best place to enter. What if we are wrong? Should we take the loss? YES.
if we are wrong, we deserve the loss.
so, how do we survive?
1st we should manage, really understand the system/strategy, then protect your money before you even get into trading.
as my signature always reminds, "if you don't know how to earn money, don't loose it".
if you don't loose, you will be close to win.
for all the rookies, i truly believe that the lot calculator is fundamental.
until one really manage emotions, one should always use this lot calculator.
i used it for years... now i do it mentally.

so, newbie, before enter long or short, set your SL (it can be mental). define your risk (%) based on SL (pips).
define your TP (pips).
if SL (pips) > TP (pips), consider in not take the trade or reduce risk!

use it over and over, allways, until you feel ok with your losses.
this lot calculator will help you to protect your account, not getting your account blown.
Hopefully, with time (not everyone can do it) you will accept naturally the losses.
you will loose fear, you will dominate emotions (eventually).

of course, then study your losses, bla, bla, bla, to get better, bla, bla, bla.

that's ground zero, IMO.
but then it's just me... but i believe this is my best advice.

adjust your lot according to your account size and risk.
with account growing, lot size will increase, NOT YOUR RISK!

"Oh, i made 10 winning trades consecutive, and my account grown 25%! I started with 1000$ and with 10 trades, 0 losses, i'm up to 1250$, in a single day! I crack it. I will raise my risk and i will make 25000$ in 2 weeks"!
WRONG!

Buy growing account, one should increase lot size, not the risk.

Stay cool.

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If you don't know how to earn money, don't loose it.
Quoting coolmakina
{quote} Hi Navk, posting this, not directed to you, but to any brother newbie that wants to keep alive on the trading world. trading is so exciting that new traders just want to get in market, as sooner, as better. This, by itself is the fastest way to get ripped off. we see this very often. people just came to trading, see some system/strategy like akim's, they read, they think they understand, and they are ready! it looks so easy, that the dream goes high! they forgot the mental part. Emotions is deadly. no one becomes a trader if can't accept...

great statement cool, really well explained. I totally agree, I think we’ve all been there at one point increasing a lot size and it fucking us and we learn, however the ones sticking to that rule that make the good from the great trader stick out

trade safe and keep safe

joe
no sign of big bears at Gu..
possible back 2500 again
i might be wrong..
just for a cup of coffee...
Quoting joesherwood
{quote} great statement cool, really well explained. I totally agree, I think we’ve all been there at one point increasing a lot size and it fucking us and we learn, however the ones sticking to that rule that make the good from the great trader stick out trade safe and keep safe joe
No - I think he meant that you SHOULD increase lot size NOT Risk. Meaning if your target is 5 or 10 pips, then as you get more experienced and also profitable, you then increase lot size ( 2 up to 3 contracts, for example) but NOT to aim for more pips above your normal 5 or 10 pips. Stats will show you that you will more likely get 5 or 10 pip successes than you will higher amounts. Hope this helps.
Quoting coolmakina
{quote} Hi Navk, posting this, not directed to you, but to any brother newbie that wants to keep alive on the trading world. trading is so exciting that new traders just want to get in market, as sooner, as better. This, by itself is the fastest way to get ripped off. we see this very often. people just came to trading, see some system/strategy like akim's, they read, they think they understand, and they are ready! it looks so easy, that the dream goes high! they forgot the mental part. Emotions is deadly. no one becomes a trader if can't accept...
id also like to share, "A bear chased two hikers. One hiker, while being chased, stopped to put on running shoes."As he was changing out of his hiking boots, his companion looked at him in horror and exclaimed, “What in the world are you doing? You’ll never outrun the bear if you stop now!” Calmly, the other hiker said, “I don’t have to outrun the bear. I just have to outrun you.”

The forex market offers more opportunity for fast financial success – and financial ruin – than almost any other market. The get-rich crowd has always been attracted to it. This crowd includes speculators, trading novices, retirees, and professionals looking for a way to get out of debt, increase the excitement in their lives, or simply get rich really fast. These are the people who you will be taking money away from. These are the people who will be eaten by the bear. You don’t have to outrun the bear (the entire market). In fact, that’s impossible. You can’t beat the entire market. Those of you who try will learn fast that the market has no mercy, can outrun anyone, and shows no mercy.

Most traders in the forex market try to make a zillion dollars on every trade. They're greedy. This leads them to stay in a good trade, hoping to get more money out of it. This can lead to disaster -- the trade can move against them and they get creamed. This happens all the time, and it still happens to me from time to time. It's the single greatest threat in trading. But you can already understand why that's probably true. But how do you overcome greed when trading?
Quoting turnip15
{quote} No - I think he meant that you SHOULD increase lot size NOT Risk. Meaning if your target is 5 or 10 pips, then as you get more experienced and also profitable, you then increase lot size ( 2 up to 3 contracts, for example) but NOT to aim for more pips above your normal 5 or 10 pips. Stats will show you that you will more likely get 5 or 10 pip successes than you will higher amounts. Hope this helps.
oh maybe I misread it, I agree with you on this totally, despite the fact, my point is larger lot sizes is increasing your risk on your account, as your losses will be more, so pips or lots both can be a negative.

trade safe and stay safe

Joe
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Quoting joesherwood
{quote} id also like to share, "A bear chased two hikers. One hiker, while being chased, stopped to put on running shoes."As he was changing out of his hiking boots, his companion looked at him in horror and exclaimed, “What in the world are you doing? You’ll never outrun the bear if you stop now!” Calmly, the other hiker said, “I don’t have to outrun the bear. I just have to outrun you.” The forex market offers more opportunity for fast financial success – and financial ruin – than almost any other market. The get-rich crowd has always been attracted...

This is me and my trading sometimes, out in the forex woods hunting pips then suddenly...
Warning GRAPHIC!!!!

https://vimeo.com/150120476
Trying Akim’s method
am I doin it right?
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