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  • #1,171,461
  • Jun 2, 2020 4:58pm Jun 2, 2020 4:58pm
Quoting Maroc-Ismail
Don’t be foolish. There is no system that can guarantee you 2 pips maximum DD. If he has one, it means he is good in picking tops and bottoms. Then again I am curious how many times he got stopped out using a tight stop. With a 50 dollar account and big leverage, he is forced to use a tight stop. Calculate your own chances of picking a precise top or bottom. I seldom got one.
I'm not being foolish. I already commented on this claim earlier. I find it unbelievable. But I would at least like to give this trader a chance to back up the claim. Wouldn't you like to see that?
Learn from your mistakes and march on.
  • #1,171,462
  • Jun 2, 2020 5:05pm Jun 2, 2020 5:05pm
Quoting ChiForex
{quote} Loool..still whatever they do..on long term(if they reach that far) their accounts will blow
Disagree fully!! on scalping i only have low DD. Every time i try "swing trade" i always go bust. I consistently loose all my money on longer trades(really, any trade over a few hours or one day i go negativ, for sure more than 80-90% of the time)... so what does that tell? Most likely i am a lousy analyser and bad trader...but scalping i think still is the easier for the novice trader if one can follow the rules and have a very simple game plan.

So then you would say, "why does this stupid guy say he can scalp but he insist to swing/long trade and loose money". The answer to that is GREED! And then we come down to my problem with scalping and why I guess many loose out.... To many days i would have done trades in the correct direction, over and over again, but only got maybe 0.2% of the daily move...read here, i would make substatial money, often over 1% on my acoount, but I cant handle that psychological i still feel that i lost several % to the market and become greedy. Then i try to extend my trades, but honestly have no good system, the trend turns, go into large drawdown, never cut in time and here we have the result for a disaster!

So yeah, a fixed amount for daily trading amount is very important i see in scalping, else you never stop. Be clever, dont ask to much of the market. I also feel that scalping is not the same for all pairs. I like i guess most AU and AJ for scalping because very often, many of the small moves, as corrections etc is in about 10-20 pips. My theory here is that the HTF algoritms, after a large spike, always go in to take partial profit. Typically the movement is small, but often about 10 pips. So rather simple to counter trend pairs for about 10 pips over and over again, if one use clever money management!! I tried to do the same with GU for long time, failed hard! So i think one cant just say trading type, one also needs to find a pair that works for the method..
  • #1,171,463
  • Jun 2, 2020 5:07pm Jun 2, 2020 5:07pm
Quoting Maroc-Ismail
Don’t be foolish. There is no system that can guarantee you 2 pips maximum DD. If he has one, it means he is good in picking tops and bottoms. Then again I am curious how many times he got stopped out using a tight stop. With a 50 dollar account and big leverage, he is forced to use a tight stop. Calculate your own chances of picking a precise top or bottom. I seldom got one.
This is true. Will prove later. Will work on a new thread.

SF
  • #1,171,464
  • Jun 2, 2020 5:32pm Jun 2, 2020 5:32pm
EU heading to 1.1215 and 1.1240s in extend for good short there.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,171,465
  • Jun 2, 2020 5:55pm Jun 2, 2020 5:55pm
Well, I am still long with SL at 1.11 53 .Going for bed soon, see you tomorrow......................
  • #1,171,466
  • Jun 2, 2020 6:01pm Jun 2, 2020 6:01pm
Do you really need a new thread to prove anything unless it will benefit the FF community?

KP

Quoting SilentFather
{quote}....Will prove later. Will work on a new thread. SF
Do your homework, follow the footprints of smart money
  • #1,171,467
  • Jun 2, 2020 6:05pm Jun 2, 2020 6:05pm
Quoting ChiForex
{quote} Loool..still whatever they do..on long term(if they reach that far) their accounts will blow
Just because you can't do it, doesn't mean others can't. We all have different skills. To some, scalping is more profitable than day or swing trading. We don't care how you trade, so don't say bad about scalping. If you can't learn it, atleast don't make false statement in regards.
Only an idiot knows with certainty to where the market is going.
  • #1,171,468
  • Jun 2, 2020 8:16pm Jun 2, 2020 8:16pm
Crates of pipe bombs have allegedly been found near the Korean War memorial in DC! This is insane! If this rioting doesn't get under control soon, it will likely lead to a civil war. Such poor leadership in the US to allow this BS to happen!

Well, there is no sense in putting money on USD as long as this nonsense continues.
Learn from your mistakes and march on.
  • #1,171,469
  • Jun 2, 2020 8:43pm Jun 2, 2020 8:43pm
Considering all the terrible things that have been happening this year and the negative effect it has had on the markets, it seems more emphasis should be placed on Fundamental Analysis than Technical Analysis. Times are changing!
Learn from your mistakes and march on.
  • #1,171,470
  • Jun 2, 2020 9:46pm Jun 2, 2020 9:46pm
Quoting here2there
Considering all the terrible things that have been happening this year and the negative effect it has had on the markets, it seems more emphasis should be placed on
Fund
a
mental
Analysis than Technical Analysis. Times are changing!
.
  • #1,171,471
  • Jun 2, 2020 9:53pm Jun 2, 2020 9:53pm
Quoting here2there
Crates of pipe bombs have allegedly been found near the Korean War memorial in DC! This is insane! If this rioting doesn't get under control soon, it will likely lead to a civil war. Such poor leadership in the US to allow this BS to happen! Well, there is no sense in putting money on USD as long as this nonsense continues.
the bricks and pipe bombs have been planted. its a psyop dude. the dollar was gonna crash anyways, just look at the bond markets, and what happened to gold and silver during the first two weeks of march. essentially made the metals spread insane, $13 spot silver, could't find anything on APMEX below $19 spot before shipping. it's just planned dude, the deflation "cycle" was over, time to reinflate again. US just doing what Europe and Japan been doing for years to their currencies. time to make money for sure though
  • #1,171,472
  • Jun 2, 2020 11:33pm Jun 2, 2020 11:33pm
the biggest worry that a forex trader has

  1. i have collected so many pip lets book it
  2. which side will the market go now
  3. what is the probability i will go positive

this is why traders use indicators

best way is go tiny

  1. use 0.01 lots and trade longer term trends
  2. this way you do not need stops
  3. the trade can remain open for years

draw a range from chart max high to max low on monthly
find a mid level or 50%
the closer you trade to this mid level, you can hold trades for longer terms

  • #1,171,473
  • Jun 2, 2020 11:38pm Jun 2, 2020 11:38pm
Quoting PatienceFx
the biggest worry that a forex trader has i have collected so many pip lets book it which side will the market go now what is the probability i will go positive this is why traders use indicators best way is go tiny use 0.01 lots and trade longer term trends this way you do not need stops the trade can remain open for years draw a range from chart max high to max low on monthly find a mid level or 50% the closer you trade to this mid level, you can hold trades for longer terms
alternatively

sma 20 / 40 and weekly pivot on h1

have fun as a swing trader , hold trades from swing to swing
Attached Image (click to enlarge)
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  • #1,171,474
  • Jun 2, 2020 11:42pm Jun 2, 2020 11:42pm
Quoting PatienceFx
the biggest worry that a forex trader has i have collected so many pip lets book it which side will the market go now what is the probability i will go positive this is why traders use indicators best way is go tiny use 0.01 lots and trade longer term trends this way you do not need stops the trade can remain open for years draw a range from chart max high to max low on monthly find a mid level or 50% the closer you trade to this mid level, you can hold trades for longer terms

I dont agree with this statement. Trading with no loss? It creates a habit. Indicators, analysis, resistant, support are all played by probability. Learn to use SL you cant trade tiny lots for ever. You have to at some point step up do you not?? .01 aint going to retire you...
This week I am +10k on One of my account Monday and Tuesday so far at 102% return. It really isnt hard. I feel like many people dont have patient. Patient is the main key point.

edit* you don’t have to believe me or my account but you can believe in my previous posts till now.
Attached Image (click to enlarge)
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Trade what you see, take what the market gives you.
  • #1,171,475
  • Jun 2, 2020 11:42pm Jun 2, 2020 11:42pm
Quoting PatienceFx
{quote} alternatively sma 20 / 40 and weekly pivot on h1 have fun as a swing trader , hold trades from swing to swing {image}
for those using my extension_A indicator with 1 day setting

you can plan some good entries for swings

https://www.forexfactory.com/showthr...4#post12974544
Attached Image (click to enlarge)
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  • #1,171,476
  • Jun 2, 2020 11:45pm Jun 2, 2020 11:45pm
Quoting VuLe
{quote} I dont agree with this statement. Trading with no loss? It creates a habit. Indicators, analysis, resistant, support are all played by probability. Learn to use SL you cant trade tiny lots for ever. You have to at some point step up do you not?? .01 aint going to retire you... This week I am +10k on One of my account Monday and Tuesday so far at 102% return. It really isnt hard. I feel like many people dont have patient. Patient is the main key point. {image}
https://www.forexfactory.com/showthr...8#post12979248

this post was for guys who like to date girls without getting married

atleast read what i post first
  • #1,171,477
  • Jun 2, 2020 11:57pm Jun 2, 2020 11:57pm
Quoting PatienceFx
{quote} https://www.forexfactory.com/showthr...8#post12979248 this post was for guys who like to date girls without getting married atleast read what i post first
I am lost. My point was about using sl. So according to your “swing trading”
what if you caught in a negative? For say holding a sell eu at 1.0400... you going to be holding it for years? What if several of your position get caught. I am a swing trader but I have sl because trends can change and I follow trends.

I misread, sorry my english is not the best. Mis understanding
Trade what you see, take what the market gives you.
  • #1,171,478
  • Jun 3, 2020 12:20am Jun 3, 2020 12:20am
Quoting VuLe
{quote} I am lost. My point was about using sl. So according to your “swing trading” what if you caught in a negative? For say holding a sell eu at 1.0400... you going to be holding it for years? What if several of your position get caught. I am a swing trader but I have sl because trends can change and I follow trends. I misread, sorry my english is not the best. Mis understanding
i see you did not read any of my posts

what do the bottom 3 lines of this post say

https://www.forexfactory.com/showthr...7#post12979247
  • #1,171,479
  • Jun 3, 2020 12:23am Jun 3, 2020 12:23am
Quoting PatienceFx
{quote} i see you did not read any of my posts what do the bottom 3 lines of this post say https://www.forexfactory.com/showthr...7#post12979247
in simple words

  1. never sell the toes, sell the bum
  2. never buy the head, buy the bum

  • #1,171,480
  • Jun 3, 2020 12:30am Jun 3, 2020 12:30am
limit 1200 , now target goes 1236. waiting see how reacts to sell try again. very near but still intact early signal 1.12025 saved , breaks means top over but may still range over 1192
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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