How to Beat the Market Makers at Their Own Game | Page 29 | Forex Factory

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How to Beat the Market Makers at Their Own Game

  • #561
  • Apr 29, 2020 3:22pm Apr 29, 2020 3:22pm
this trade from yesterday had good RR
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  • #562
  • Apr 29, 2020 7:53pm Apr 29, 2020 7:53pm
USDJPY
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  • #563
  • Apr 29, 2020 8:39pm Apr 29, 2020 8:39pm
Quoting newbie2014
USDJPY {image}
do you mind sharing why you think the reversal at 106.4 will hold strong?

cheers
its just a script. join the club
  • #564
  • Apr 29, 2020 8:57pm Apr 29, 2020 8:57pm
Quoting Dzap
{quote} do you mind sharing why you think the reversal at 106.4 will hold strong? cheers
price action confirmation
  • #565
  • Apr 29, 2020 9:03pm Apr 29, 2020 9:03pm
Quoting newbie2014
{quote} price action confirmation
yes i see that, I guess i just have less confidence than you
I could see the 4hr chart invalidate the confirmation lots of options for the higher timeframes

you will be sitting in the green for awhile now since you got in before the first swing, strong position
good trade and best of luck
its just a script. join the club
  • #566
  • Apr 29, 2020 10:11pm Apr 29, 2020 10:11pm
Quoting Dzap
{quote} yes i see that, I guess i just have less confidence than you I could see the 4hr chart invalidate the confirmation lots of options for the higher timeframes you will be sitting in the green for awhile now since you got in before the first swing, strong position good trade and best of luck
Thanks you
  • #567
  • Apr 29, 2020 11:50pm Apr 29, 2020 11:50pm
Quoting flowchi
Yeah, I'm definitely doing it! Let's see if I get stopped out at BE or if it finally breaks out south. {image}
Remember EURCAD? :-)
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  • #568
  • Apr 30, 2020 12:11am Apr 30, 2020 12:11am
GBPJPY let's see how this works out.

Any comments for me? Still learning!
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  • #569
  • Apr 30, 2020 12:12am Apr 30, 2020 12:12am
nice
  • #570
  • Apr 30, 2020 12:37am Apr 30, 2020 12:37am
Thanks newbie2014!

I'm a little bit overwhelmed, there are suddenly so much opportunities.

Have to find a way how to split my risk properly. (exposure per currency)

Still struggling with my entries as well, I don't know if I read PA properly, can you recommend some videos/texts on PA?!
  • #571
  • Apr 30, 2020 1:47am Apr 30, 2020 1:47am
Quoting flowchi
Thanks newbie2014! I'm a little bit overwhelmed, there are suddenly so much opportunities. Have to find a way how to split my risk properly. (exposure per currency) Still struggling with my entries as well, I don't know if I read PA properly, can you recommend some videos/texts on PA?!
those are not the same.when u watching them u will get confused.. take sometimes and do a research kind thing with the live market .. it will help you
  • #572
  • Apr 30, 2020 2:04am Apr 30, 2020 2:04am
Quoting newbie2014
{quote} those are not the same.when u watching them u will get confused.. take sometimes and do a research kind thing with the live market .. it will help you
Good to know...

I am confused right now because what I learned about PA up to now does not really "work" in S&D zones.
I will study PA @ S&D zones, thank you.
  • #573
  • Apr 30, 2020 2:16am Apr 30, 2020 2:16am
SND Only on EU and GU for now.Start from 21 April. I missed a lot of profit because I don't let the trades go, I close them too quickly when are in profit. I still have work to do here, but in time I will learn that too. I don't work hard, I work very hard because that's what I want to do, if you want something you have to put a lot of work, energy and time. Rome was not built in a day. Keep trying guys and thanks Newbie, You are the best.
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  • #574
  • Apr 30, 2020 3:08am Apr 30, 2020 3:08am
Quoting edybede
SND Only on EU and GU for now.Start from 21 April. I missed a lot of profit because I don't let the trades go, I close them too quickly when are in profit. I still have work to do here, but in time I will learn that too. I don't work hard, I work very hard because that's what I want to do, if you want something you have to put a lot of work, energy and time. Rome was not built in a day. Keep trying guys and thanks Newbie, You are the best. {image} {image}
Im really happy about you.. dont over trade and keep it simple . cheers
  • #575
  • Apr 30, 2020 3:46am Apr 30, 2020 3:46am
Quoting edybede
SND Only on EU and GU for now.Start from 21 April. I missed a lot of profit because I don't let the trades go, I close them too quickly when are in profit. I still have work to do here, but in time I will learn that too. I don't work hard, I work very hard because that's what I want to do, if you want something you have to put a lot of work, energy and time. Rome was not built in a day. Keep trying guys and thanks Newbie, You are the best. {image} {image}
Consider opening 2 positions on 1 trade then. say if you risk 1% per trade, split it in 2. as soon as trade 1 reached a TP, move the other trade to BE. Set a desired TP, or close it whenever, its risk free, so let it run. You banked so profit, so worst thing that could happen is to be stopped out at BE.
  • #576
  • Apr 30, 2020 3:47am Apr 30, 2020 3:47am
Newbie I've messaged you..what timeframe are you drawing your zones at what timeframe are you trading from
  • #577
  • Apr 30, 2020 4:12am Apr 30, 2020 4:12am
I think this zone is done and there are no sellers anymore, so price should move up.

I could be wrong as well, it's a learning process.

Any comment appreciated!
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  • #578
  • Apr 30, 2020 4:18am Apr 30, 2020 4:18am
Quoting edybede
SND Only on EU and GU for now.Start from 21 April. I missed a lot of profit because I don't let the trades go, I close them too quickly when are in profit. I still have work to do here, but in time I will learn that too. I don't work hard, I work very hard because that's what I want to do, if you want something you have to put a lot of work, energy and time. Rome was not built in a day. Keep trying guys and thanks Newbie, You are the best. {image} {image}
That's very impressive, especially for only trading two pairs.

Thinking also about just watching 3-4 pairs, you can concentrate better and get a better feeling, especially in the beginning while learning.
  • #579
  • Apr 30, 2020 4:19am Apr 30, 2020 4:19am
Quoting flowchi
GBPJPY let's see how this works out. Any comments for me? Still learning! {image}
Remember my GBPJPY entry?
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  • #580
  • Apr 30, 2020 4:23am Apr 30, 2020 4:23am
Quoting flowchi
{quote} Remember EURCAD? :-) {image}
Update from my EURCAD trade.

So that's a situation I'm still struggling with.
Currently i think it's just a little pullback before it's heading more South, it's a patience game...

I could be wrong as well and it could reverse, wiping out nice profits...

Still too unexperienced to know how to deal with things like that, any help or comment appreciated!
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