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In One Sentence - How Do You Trade?

  • #101
  • Apr 25, 2020 2:27am Apr 25, 2020 2:27am
No matter how much you write about how you trade, nobody else can trade exactly the way you do; a reason why personally I don't system-hop.

KP

Quoting KeenPips
Any member posting here should first think of how he or she is posting can benefit others realizing the purpose of the thread as indicated in post #1. KP
Do your homework, follow the footprints of smart money
  • #102
  • Apr 25, 2020 2:30am Apr 25, 2020 2:30am
So keep it simple: Tell us in one sentence how you trade.

KP

Quoting KeenPips
Any member posting here should first think of how he or she is posting can benefit others realizing the purpose of the thread as indicated in post #1. KP
Do your homework, follow the footprints of smart money
  • #103
  • Apr 25, 2020 2:33am Apr 25, 2020 2:33am
So, there is no point posting here in a coded or ambiguous language.

KP

Quoting KeenPips
No matter how much you write about how you trade, nobody else can trade exactly the way you do... {quote}
Do your homework, follow the footprints of smart money
  • #104
  • Apr 25, 2020 2:40am Apr 25, 2020 2:40am
Observing carefully, how M1-candles react (how they grow, shrink, tick, move and stop) at price levels identified as support/resistance, while taking into account a broader context (general direction, what happened before, how quick and volatile is the market).
  • #105
  • Apr 25, 2020 2:54am Apr 25, 2020 2:54am
How do you trade?

I wait for pullbacks/corrections on long term trends, and if the fundamental reason for the trend is still in play, I enter as price turns back in the direction of the trend.
si hoc legere scis nimium eruditionis habes
  • #106
  • Apr 25, 2020 5:11am Apr 25, 2020 5:11am
I am new to forex but i am trading using candlestick patterns.
  • #107
  • Apr 25, 2020 10:38am Apr 25, 2020 10:38am
I trade what I have backtested - a strict statistical edge (timeframe; session; pair; distance etc.).
  • #108
  • Apr 25, 2020 10:48am Apr 25, 2020 10:48am
FOLLOW the trend.
Close Trade At Profit
  • #109
  • Edited 11:49am Apr 25, 2020 11:39am | Edited 11:49am
Simple Market Logic & Structure.
It never gets easier, you just get better
  • #110
  • Apr 25, 2020 3:02pm Apr 25, 2020 3:02pm
Welcome to FF mate, focus on mastering a system that works for you.

KP

Quoting sali1
I am new to forex but i am trading using candlestick patterns.
Do your homework, follow the footprints of smart money
  • #111
  • Edited 3:13pm Apr 26, 2020 2:54pm | Edited 3:13pm
I rarely trade on a Monday rather I use it to monitor how the markets react around the zones I identified during my pre-market analysis at the weekend or how things are shaping up in connection with the market scenarios I developed.

KP
Do your homework, follow the footprints of smart money
  • #112
  • Apr 26, 2020 4:17pm Apr 26, 2020 4:17pm
Quoting KeenPips
I rarely trade on a Monday rather I use it to monitor how the markets react around the zones I identified during my pre-market analysis at the weekend or how things are shaping up in connection with the market scenarios I developed. KP

I tend to agree. Mondays show the lowest pip ranges across all significant forex pairs. My own look-back on GBP/USD also shows Mondays have the highest total of "inside days" and lowest total of "outside days", suggesting probabilities of really energetic price moves during the day are poor.

Though many traders avoid Fridays..........
  • #113
  • Apr 26, 2020 4:42pm Apr 26, 2020 4:42pm
Good observation, such testing is one of the things I do occasionally with some pairs on my watch list.

KP

Quoting tomorton
{quote}...My own look-back on GBP/USD also shows Mondays have the highest total of "inside days" and lowest total of "outside days", suggesting probabilities of really energetic price moves during the day are poor........
Do your homework, follow the footprints of smart money
  • #114
  • Apr 26, 2020 4:43pm Apr 26, 2020 4:43pm
I also rarely trade on Fridays.

KP

Quoting tomorton
{quote}...Though many traders avoid Fridays..........
Do your homework, follow the footprints of smart money
  • #115
  • Apr 26, 2020 4:54pm Apr 26, 2020 4:54pm
My approach is very simple, I flip a coin, if head I buy if tails I sell.. Then I just pray

Seems to works pretty well so far

GMD
  • #116
  • Edited 12:53am Apr 27, 2020 12:42am | Edited 12:53am
I wait to all these lines come in agreement and when signal pop's up i em in long/short and wait for the end. But to obey myself that these lines work took me 6 years from 2014
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  • #117
  • Apr 27, 2020 1:21am Apr 27, 2020 1:21am
I am 100% in agreement with having more than one tp, usually targeting three tps.

KP

Quoting mizi123
I wait to all these lines come in agreement and when signal pop's up i em in long/short and wait for the end. But to obey myself that these lines work took me 6 years from 2014 {image}
Do your homework, follow the footprints of smart money
  • #118
  • Apr 27, 2020 3:02am Apr 27, 2020 3:02am
Don't be upset because you left pips on the table after your TP was hit, because you got what you aimed at and the rest of the pips don't belong to you, they belong to someone else
Doing what you like is Freedom. Liking what you do is Happiness.
  • #119
  • Apr 27, 2020 3:56am Apr 27, 2020 3:56am
Vintage

Quoting realjumper
Don't be upset because you left pips on the table after your TP was hit, because you got what you aimed at and the rest of the pips don't belong to you, they belong to someone else
Do your homework, follow the footprints of smart money
  • #120
  • Apr 27, 2020 4:09am Apr 27, 2020 4:09am
The pairs I track and trade must meet the following criteria among others: liquidity and technical reliability.

KP
Do your homework, follow the footprints of smart money
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