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Market Maker Method

  • #81
  • May 15, 2020 2:29am May 15, 2020 2:29am
I'm all in on EURGBP, okay maybe not entirely , but you know what I mean. I was in such a rush to trade this pair that I even entered a few trades too early.
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  • #82
  • May 15, 2020 2:58am May 15, 2020 2:58am
Now its just a waiting game...
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  • #83
  • Edited 7:26am May 15, 2020 4:37am | Edited 7:26am
Sorry about my negative tone. I dont understand your position building, distance with trades are narrow.
Also your money management, you are now -30%DD, for long term trading it should be less than 10% rather less. (account drawdown).
  • #84
  • May 15, 2020 5:12am May 15, 2020 5:12am
Quoting kk100
Sorry about my negative tone. I dont understand your position building, distance with trades are narrow. Also your money management, you are now -30%DD, for long term trading it should be less than 10% rather less.
I don't think it's negative if it is your own opinion bro. I take no offense at all.
I'm an impulsive trader, I have a few trading accounts that I can play around with, hence your confusion. But I wouldn't mind taking a few lessons on money management if you're offering?
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  • #85
  • May 15, 2020 5:32am May 15, 2020 5:32am
Quoting kk100
Sorry about my negative tone. I dont understand your position building, distance with trades are narrow. Also your money management, you are now -30%DD, for long term trading it should be less than 10% rather less.
If I have a R4000.00 account, normally I'd easily risk 35% to gain 50% or more.
Another thing, if for example I've shorted a trade at the highest point of the day or low, I stay for only two hours and not a minute longer if I'm not in profit.
Plus we don't all have the same risk appetite anyway. So Your opinion at least tells me I need more education regarding money management
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  • #86
  • May 15, 2020 6:17am May 15, 2020 6:17am
Quoting ZoeZA
I'm all in on EURGBP, okay maybe not entirely , but you know what I mean. I was in such a rush to trade this pair that I even entered a few trades too early. {image}
I guess you can't always be right about the direction of the market. as I scratch out.
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  • #87
  • May 15, 2020 7:02am May 15, 2020 7:02am
Quoting ZoeZA
I'm all in on EURGBP, okay maybe not entirely , but you know what I mean. I was in such a rush to trade this pair that I even entered a few trades too early. {image}
the MM saw your publicized position, this pain is for you to bear.
Or you are one of the MM broker fishing for dumber to follow your call.
  • #88
  • May 15, 2020 8:50am May 15, 2020 8:50am
This system is joke, price action could easily tell you where the market go and how to catch up profit - this person is overhyped over nothing I mean OP clearly acting like child so obviously way to lost money
  • #89
  • May 15, 2020 8:59am May 15, 2020 8:59am
My entry and profit
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Click to Enlarge Name: Screenshot2.png Size: 112 KB
  • #90
  • May 15, 2020 9:15am May 15, 2020 9:15am
Quoting kodakwhite
My entry and profit {image}
Dont be disrespectful because you get the direction right, or can you say you have always got it right, or at least you should have given your opinion when he took what seemed to be wrong direction? We should only be here to support one another, and not to gloat over anyone mistake. Afterall ZOEZA has already given a caveat that every trader is responsible for his action
  • #91
  • May 15, 2020 9:20am May 15, 2020 9:20am
Quoting dele5000
{quote} Dont be disrespectful because you get the direction right, or can you say you have always got it right, or at least you should have given your opinion when he took what seemed to be wrong direction? We should only be here to support one another, and not to gloat over anyone mistake. Afterall ZOEZA has already given a caveat that every trader is responsible for his action

I'm not being disrespectful, just giving wake up call especially for new people who are lurking in this thread so I giving out support, or as one could say "though love"
  • #92
  • May 15, 2020 2:53pm May 15, 2020 2:53pm
Quoting kodakwhite
This system is joke, price action could easily tell you where the market go and how to catch up profit - this person is overhyped over nothing I mean OP clearly acting like child so obviously way to lost money
If your way of trading works for you, there is no reason to criticize mine. People like you go around judging people's way of hustling as if yours is all perfect and never wrong. Go pick on someone else who actually cares about your criticism...I mean no disrespect @Kodakwhite
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  • #93
  • May 15, 2020 2:57pm May 15, 2020 2:57pm
Quoting failinforex
{quote} the MM saw your publicized position, this pain is for you to bear. Or you are one of the MM broker fishing for dumber to follow your call.
I don't think its that deep, I'm simply here like everyone else, Just here to share my experience...Not here to criticize anybody like how these other guys in my thread saying that my system is a joke. I got one trade wrong and suddenly I'm the worst trader in the world and that my system is a joke. Give a guy a break gents.
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  • #94
  • May 15, 2020 3:01pm May 15, 2020 3:01pm
Quoting dele5000
{quote} Dont be disrespectful because you get the direction right, or can you say you have always got it right, or at least you should have given your opinion when he took what seemed to be wrong direction? We should only be here to support one another, and not to gloat over anyone mistake. Afterall ZOEZA has already given a caveat that every trader is responsible for his action
Thanks for your understanding @dele5000
I'm just here like everyone else, sharing my own opinion as a currency trader. If people don't like the way I trade they are welcome to exit this thread. I'm not here to teach people about money management and all that. Everyone is responsible for their own trading account, when I post trades I'm not saying do what I do, but a I wouldn't mind a second opinion on the trades I post. Thanks again dele5000
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  • #95
  • May 15, 2020 3:11pm May 15, 2020 3:11pm
Quoting kodakwhite
{quote} I'm not being disrespectful, just giving wake up call especially for new people who are lurking in this thread so I giving out support, or as one could say "though love"
Tough love can be appreciated, but negative criticism you can keep that to yourself. I don't mean any disrespect. Anybody who joins my thread does so at their own discretion, trading is a risky business, you should know that one or two wrong trades doesn't define you as a trader.
Its better to fail forward than failing and giving up along the way.
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  • #96
  • May 15, 2020 3:36pm May 15, 2020 3:36pm
Quoting ZoeZA
{quote} I don't think it's negative if it is your own opinion bro. I take no offense at all. I'm an impulsive trader, I have a few trading accounts that I can play around with, hence your confusion. But I wouldn't mind taking a few lessons on money management if you're offering?

I would suggest to try max risk 2% per trade(or pair), If it's going your way you can add another position if you lower your risk to 2% in total.
Another thing is that i would suggest look into only 1-2 charts if u are short tem trader.

For someone who don't like stop loss :
Lower your leverage to 1:20, maybe it won't be so exciting as it could be but you won't be able to blew up account in one day.
Levarage is for people who have money but dont want to keep it all in brokerage account, not for get rich quick attitude...

If you would like to be prop trader in the future u need to discipline yourself to manage your account in some way or another. 10% drawdown is in most cases end of your career in most funded accounts.
Just make some changes

I'm not really 'indicator guy' but your strategy looks good on first sight, take care
  • #97
  • May 15, 2020 4:09pm May 15, 2020 4:09pm
Quoting Ryukyu
{quote} I would suggest to try max risk 2% per trade(or pair), If it's going your way you can add another position if you lower your risk to 2% in total. Another thing is that i would suggest look into only 1-2 charts if u are short tem trader. For someone who don't like stop loss : Lower your leverage to 1:20, maybe it won't be so exciting as it could be but you won't be able to blew up account in one day. Levarage is for people who have money but dont want to keep it all in brokerage account, not for get rich quick attitude... If you would like...
I really appreciate your advice, plus it makes perfect sense. Change wouldn't hurt at all. I think one of the faults I have is looking at multiple charts, out 12 charts that I mark up every week, 2 will go the opposite direction or 3, then the rest go my way. But it would definitely be a much better idea to take two charts or 3 at the most and just concentrate on them instead of trying to get all 12 or more correct simultaneously.
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  • #98
  • May 16, 2020 12:44am May 16, 2020 12:44am
I'm not saying my system is perfect but perfectly secure - look risk to profit ratio and think about it. Even if market goes against me I lose almost nothing, above 1:3 always You are clearly overhyped about this method so you will lose money. Learn price action and this can be learned only thru market observation and how it works - this is the only thing that will make you money, put stop loss if you trading manually and learn to risk something for something - there is no free thing! you always risking something for something, if you are good at price action you will risking less for more most of the time.
  • #99
  • May 17, 2020 1:29am May 17, 2020 1:29am
Quoting kodakwhite
I'm not saying my system is perfect but perfectly secure - look risk to profit ratio and think about it. Even if market goes against me I lose almost nothing, above 1:3 always You are clearly overhyped about this method so you will lose money. Learn price action and this can be learned only thru market observation and how it works - this is the only thing that will make you money, put stop loss if you trading manually and learn to risk something for something - there is no free thing! you always risking something for something, if you are...
Let'd do this @kodakwhite, lets compare notes, because clearly you're adamant for me to learn Price action. I have never learnt any other trading strategy but the one I have been using for about 4yrs now. Look man, we don't know each other, and you've only seen me lose once but already you think this doesn't work for me. I am over-hyped because I love this style of trading, I'm confident in my strategy, I learn from my losses and turn in to Wins the next time I trade, simple. and besides, I have more wins than I do losses. Thanks to @Ryukyu's advice as well for clearing out some of the errors I have.

Let's simply compare notes beginning of Monday, otherwise this conversation will just keep going back and forth about the way we trade. Since you trust Price action so much.
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  • #100
  • May 17, 2020 4:08am May 17, 2020 4:08am
Quoting kodakwhite
I'm not saying my system is perfect but perfectly secure - look risk to profit ratio and think about it. Even if market goes against me I lose almost nothing, above 1:3 always You are clearly overhyped about this method so you will lose money. Learn price action and this can be learned only thru market observation and how it works - this is the only thing that will make you money, put stop loss if you trading manually and learn to risk something for something - there is no free thing! you always risking something for something, if you are...
Maybe you can also start ur new thread and share ur trading strategy...
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